Tag: Kenyan billionaires

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James Mwangi-led Equity Group mobilizes $4.6 billion to support MSMEs in East and Central Africa

Equity Group is listed on the Nairobi Securities Exchange and holds over $8.92 billion in assets.

Wealthy Mukuha family of Kenya in bitter feud over stake in Naivas supermarket chain

Founded by the late Kenyan businessman Peter Mukuha Kago, Naivas Supermarket is Kenya's largest supermarket chain.

Kenyan sugar baron Jaswant Rai taken to court by brothers over inheritance

The two brothers object to the will and believe their father could have been coerced into crafting the document.

Centum, controlled by family of late tycoon Chris Kirubi, kicks off new dividend policy

Centum is a leading East African investment company with investments in real estate and private-equity assets.

Kenyan tycoon Suresh Bhagwanji Shah’s I&M Group profit surges by 70 percent above $51 million in 9M 2021

I&M Holdings, or I&M Group, is the Kenya-based non-operating holding for I&M Bank Limited.


Kenyan tycoon John Kimani gains $3.7 million in 45 days

Kimani, known for his diverse investment portfolio, owns a 34.54-percent stake, equivalent to 6,762,133 shares, in Kakuzi. 

Hip-hop’s first billionaire Jay-Z scores legal win, pocketing $7.2 million

The legal saga began in 2016 when Parlux, renowned for its ties with pop culture icons and fashion houses, filed a lawsuit against Jay-Z.

World’s richest Black woman Oprah Winfrey settles trademark lawsuit over ‘Oprahdemics’ podcast

Despite losing more than $100 million in 2022, the “Queen of Talk” remains the World’s richest Black woman.

Burkinabe tycoon Idrissa Nassa’s Coris Bank acquires Societe Generale’s assets in Mauritania, Chad

The latest move places Nassa-led bank as a key player among the new generation of emerging lenders.