Kenyan beer tycoon Ngugi Kiuna ups stake in gas manufacturer, BOC Kenya
The acquisition solidifies Kiuna’s position in BOC Kenya as one of the company’s leading shareholders.
Kenyan businessman
Kenyan banking magnate James Mwangi loses more than $6 million in June
Mwangi’s loss comes on the heels of a reduced appetite for emerging market shares.
Kenyan businessman Paul Ndung’u takes legal action over control of SportPesa assets
The move comes nearly two years after the SportPesa brand was relaunched.
Kenyan businessman Joe Wanjui sues British multinational firm Unilever over sale of stakes in Limuru Tea
Wanjui derives his wealth from a diversified investment portfolio.
Kenyan banking magnate Jimnah Mbaru loses $1.7 million from Britam stake
Mbaru owns a significant 7.72-percent stake in Britam Holdings.
Kenyan mogul Julius Mwale sets eyes on mineral-rich DRC after attempt to revive Mumias Sugar
Mwale is a principal investor in Mwale Medical and Technology City.
Kenyan mogul Gideon Muriuki’s Co-operative Bank Group records over $103.5 million in profit in Q1 2022
Muriuki owns a two-percent stake in the group.
Kenyan tycoon Suresh Bhagwanji Shah’s I&M Group earns $23.2 million in profit in Q1 2022
Shah built I&M Group into East Africa’s leading commercial banking organization.
Kenyan industrialist Baloobhai Patel buys additional $647,200 stake in Co-operative Bank
The new shares represent a significant increase in his portfolio.
Wealthy Tanzanian Rajabali brothers gain $4.31 million from CRDB Bank stake
CRDB Bank is the largest commercial bank in Tanzania.
Kenyan businessman John Kimani receives $1.2 million in dividends from agro-allied firm, Kakuzi
Kimani owns a 32.3-percent stake in Kenyan agricultural company.
Kenyan banking tycoon Gideon Muriuki to pocket $882,400 in Co-operative Bank dividends
The dividend will be paid from the group’s retained earnings of $741.9 million at the end of 2021.
Kenyan tycoon Rohan Patel gains $1.2 million in two weeks from stake in Sanlam Kenya
Patel owns a significant 20.7-percent stake in the Kenyan insurer.
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.
Kenyan mogul Suresh Bhagwanji Shah loses over $5 million from I&M Group stake in 37 days
Shah owns a beneficial 10.98-percent stake in the company.
Kenyan businessman James Mwangi loses over $5.4 million from stake in Equity Group
As of press time, Mwangi’s stake in the Kenyan financial services group is valued at $52.81 million.