Kenyan businessman Julius Mwale cleared as U.S. court dismisses $1.7 million lawsuit
The court upheld a 2023 loan modification and release agreement barring future claims, ending disputes over alleged business loan issues linked to MMTC.
Kenyan businessman
Suresh Bhagwanji Shah’s I&M acquires prime commercial building in Tanzania
The property, now known as I&M House@1046, will serve as the new Tanzanian headquarters for the Nairobi-listed lender and host one of its flagship branches.
James Mwangi gains $5.8 million as Equity Group shares soar
Mwangi’s stake has grown in value from Ksh5.44 billion ($42.06 million) to Ksh6.19 billion ($47.84 million).
Peter Ndegwa leads Safaricom’s $300 million M-PESA upgrade
Peter Ndegwa said the upgrade will strengthen M-PESA’s backbone, making it more resilient and prepared for the future.
Ngugi Kiuna’s BOC Kenya eyes growth after Carbacid's failed deal
BOC Kenya, led by Ngugi Kiuna, targets independent growth after the collapse of its acquisition deal with Carbacid, refocusing on market expansion.
Sanlam Kenya, backed by Kenyan investor Baloobhai Patel, to raise $19.3 million in rights issue
Sanlam Kenya, backed by tycoon Baloobhai Patel, plans a $19.3 million rights issue to cut debt, strengthen its balance sheet, and revive profitability.
10 companies owned by Kenyan businessman Peter Munga
Over the years, Munga has built a diverse business empire spanning, banking, agribusiness, insurance, and real estate.
Sarbjit Singh Rai: Kenyan businessman leading East Africa’s industrial powerhouse
From expanding his family’s business empire to leading a multinational conglomerate, Sarbjit Singh Rai’s journey is one of strategic growth, resilience, and industry dominance.
Absa adds $3.2 million to Kenyan businessman Baloobhai Patel’s portfolio gains in 2024
His portfolio benefited from a rise in the bank's share price on the Nairobi bourse and the strengthening of the Kenyan shilling against the U.S. dollar.
Heineken’s attempt to block $13.1-million payment to Kenyan tycoon Ngugi Kiuna fails
The court emphasized that the case revolved around the legitimacy of the termination notice, not constitutional interpretation.
Kenyan businessman Samuel Macharia closes company, lays off employees
Earlier this year, Directline had outlined ambitious plans to diversify its product portfolio.