The Ndegwa family, which was involved in the merger of NIC Bank Group and Commercial Bank of Africa Group in 2018, owns …
Kenyan Family
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- East Africa
Firm owned by Kenya’s Merali family to settle debts with $6.3-million land sale proceeds
The Merali family, overseeing the estate of the late tycoon Naushad Merali, commands a 74-percent stake in Sameer Africa.
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Despite the recent downturn in Sasini’s share price, the Kenyan Merali family remains one of the wealthiest families in the country.
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Centum Investment, controlled by the family of the late tycoon, diversified its investment portfolio by buying $11.5 million.
- East Africa
Kenya’s Ndegwa family bolsters position as largest shareholder in NCBA Group with new $2.2 million shares
The Ndegwa family’s continuous investment in NCBA Group reflects their belief in the institution’s potential for growth and success.
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With a 65.46-percent stake, Kenya’s Merali family holds the largest share in Sasini Tea.
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NCBA Group is partially owned by some of Kenya’s wealthiest families, including the Kenyatta, Merali, and Ndegwa families.
- East Africa
Kenya’s Moi family-linked Sosian Energy electrifies national grid, paving way for power stability
Kenya’s Moi family is Kenya’s second-largest landowner after the Kenyatta family.
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The leadership of the Mukuha family has played a pivotal role in the company’s growth.
- Hot News
Led by Kenya’s richest families, NCBA Group beats profit expectations, rakes in over $100 million
NCBA Group is a financial services conglomerate controlled by some of Kenya’s wealthiest families.