Kenyan industrialist Baloobhai Patel acquires $2.5-million stake in Bamburi Cement
Patel also owns stakes in Carbacid, Absa Bank Kenya, Co-operative Bank and Safaricom.
Kenya
Wealthy Kenyatta family gains $3.1 million in six days from stake in NCBA Group
NCBA Group shares have soared in value in recent days.
Egyptian auto magnate Raouf Ghabbour plans to establish assembly plant in Kenya
Ghabbour founded GB Auto in 1985 as a manufacturer of automobiles, buses, lorries and motorcycles in Egypt.
Kenyan businessman John Kimani gains over $1.6 million from stake in Kakuzi
Kakuzi is a leading agro-allied company listed on the Nairobi Stock Exchange.
Wealthy Kenyan businessman Andrew Ndegwa loses $1.1 million in three weeks
Ndegwa’s 4.3-percent stake in NCBA Group, now worth $15 million, has dropped in value in recent weeks.
MarketForce gets $40 million in funding backed by Kenyan businessman Ken Njoroge
MarketForce established a strategic partnership with Cellulant in December.
Kenyan tycoon James Mwangi’s stake in Equity Group is worth $59.8 million
Mwangi holds a 3.38-percent stake, or 127,809,180 shares, in the financial services group.
Here Are 10 of The Wealthiest Tycoons in Kenya Who You Most Likely Don’t Know
Kenya is part of an elite group of five African countries accounting for over half the continent’s private wealth held by individuals.
Here are 10 of the wealthiest tycoons in Kenya who you most likely don’t know
About 8,300 people in Kenya hold high-net-worth-individual status.
Embattled Pastor Shepherd Bushiri blames officials for daughter’s death amid extradition case
Multimillionaire Pastor Shepherd Bushiri has announced the unexpected death of his 8-year-old daughter Israella.
James Mwangi’s Equity Group receives $100 million facility from European development banks
Equity Group is collaborating on the facility with leading European development banks.
Nearly 1,000 Kenyans lose HNWI status due to weak oil prices, COVID-19
It has been a difficult year for Kenya’s wealthy, as 900 lose HNWI status.