John Kimani’s recent acquisition reflects his continued commitment to expanding his investment portfolio in Kenya’s thriving business landscape.
Kenyan businessman
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This latest development from the Ndegwa family follows their earlier strategic investment in the Kenyan financial sector.
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Patel holds a total of 50.06 million shares in Absa Bank Kenya, equivalent to a 0.92-percent stake.
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Equity Group, under the leadership of Mwangi, reported a profit of $182.8 million at the end of the first half of its …
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Muriuki owns a significant stake of two percent in Co-op Bank, which translates to 117,471,300 shares in the Nairobi-based lender.
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Raval’s endorsement underscores the potential for the legislation to revitalize Kenya’s manufacturing landscape.
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Under Mwangi, Equity Group achieved record-breaking profits of $350 million at the end of the 2022 fiscal year.
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At the current market price, Patel’s stake in Absa Kenya is estimated to be worth $4.31 million.
- East Africa
Kenyan tycoon James Mwangi-led Equity Group pours $511 million into social impact initiatives
In the recently presented 2022 Sustainability Report, Mwangi, the group CEO, highlighted the organization’s dedication to prioritizing people over profits.
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As a director on the board of the financial services giant, Ndegwa holds a significant 4.3-percent stake in NCBA Group.