Kenyan businessman John Kimani loses $1.43 million from Kakuzi shares
As one of the leading investors on the Nairobi Securities Exchange, Kimani holds a significant 34.54 percent of Kakuzi, or 6,762,133 ordinary shares.
Kenya
Legal battles cast shadow over late Kenyan President Moi family’s vast estate
The extensive estate left by the late Kenyan President Daniel arap Moi, the nation’s second-largest landowner, is entangled in a series of legal battles.
Kenyan tycoon James Mwangi suffers $2.1-million loss from Equity Group stake
Mwangi owns a 3.38-percent stake in Equity Group, or 127,809,180 ordinary shares.
Kenyan tycoon Peter Njonjo takes timeout amid operational turmoil at Twiga Foods
Njonjo, in his remarks, mentioned that he would be focusing on personal matters during his leave.
Court rejects bid by late Kenyan multimillionaire’s son in Naivas share dispute
Naivas, founded by Peter Mukuha Kago, finds itself entangled in a legal dispute that adds complexity to its narrative amid ambitious expansion plans.
Kenyan tycoon James Mwangi-led lender grows stronger with $47-million Cogebanque deal
The move aligns with its strategy to bolster earnings and revenue by expanding its reach across East Africa.
Wealthy Kenyan tycoon Andrew Ndegwa gains $2 million in 19 days
This recent surge solidifies Ndegwa’s position as one of Kenya’s wealthiest investors.
5 companies owned by one of Kenya’s richest individuals, James Mwangi
Under Mwangi’s leadership, Equity Group evolved into an integrated financial services group with active operations spanning six African countries.
Gideon Muriuki’s Co-op Bank joins Kenya’s top employers with more than 5,200 employees
Thanks to its strategic expansion initiatives spanning the region, the Muriuki-led group has now positioned itself among Kenya’s leading employers.
Kenyan banker James Mwangi says Equity Group’s DRC unit will soon overtake Kenya
Mwangi credited the growing influence of Equity Group’s subsidiaries, especially the DRC unit, for the overall performance of the group in the first nine months of 2023.
Kenyan tycoon James Mwangi-led lender reports nine-month profit exceeding $230 million
Under the leadership of Mwangi, Equity Group has solidified its position as a dominant force in East and Central Africa.
Kenyan banker Gideon Muriuki gains $1 million in 12 days
Muriuki, who sits at the helm of Co-op Bank and ranks as one of Kenya’s leading investors, holds a significant stake of two percent in the leading financial services group.
Bank led by Kenyan tycoon Gideon Muriuki records $120 million in profit in 9 months
Muriuki, managing director of Co-op Bank, emphasized the bank’s commitment to sustainable growth, resilience, and agility.
Lender linked to Kenya’s richest families commits $198 million for green financing
NCBA Group is a Nairobi-based financial services conglomerate partially owned by the Kenyatta family renowned as Kenya’s largest landowners.
Kenyan top executive James Ndegwa loses $2.4 million from NCBA Group stake
Ndegwa, the former chairman of the Capital Markets Authority is a top figure in the Kenyan business scene.
Nairobi-based entrepreneur Jit Bhattacharya’s BasiGo secures $1.5-million grant from USAID
BasiGo aims to revolutionize Kenya’s public transportation sector by providing a cost-effective electric alternative to diesel.