Absa seeks court orders to remove KCB-Appointed receiver managers.
Kenyan tycoon
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- Hot News
Bamburi Cement, owned by Kenyan tycoon Baloobhai Patel, sees shares soar following takeover bid
Bamburi Cement, backed by Kenyan tycoon Baloobhai Patel, sees shareholder changes and market gains amid Amsons Group’s $180-million buyout offer.
- East Africa
Led by Kenyan tycoon James Mwangi, Equity Bank narrows profit gap with Safaricom through diversification and regional expansion
Equity Bank surpasses Safaricom’s profit amid regional expansion and diversification.
- Hot News
Absa Bank, linked to tycoon Baloobhai Patel, faces pressure over $1.5-million refund dispute
Absa Bank linked to tycoon Baloobhai Patel wins $1.5-million (Sh215 million) refund case; KDIC appeals fearing impact on deposit insurance fund.
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Amsons’ proposed acquisition, boosting Bamburi’s market cap above $160 million, could reshape East Africa’s cement sector
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This strategic move aligns with Kenya’s ambitious objective to transition from traditional diesel and petrol vehicles to more sustainable energy solutions.
- Hot News
Kenyan tycoon Baloobhai Patel-linked Sanlam Kenya to close subsidiaries amid financial woes
Sanlam Kenya remains committed to growth amid efforts to optimize strategies in challenging economic landscapes.
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The dispute stems from a terminated distribution agreement that Kenyan courts have deemed unlawful.
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This initiative aims to bolster Trific SEZ’s capacity to attract global and regional enterprises seeking to capitalize on Kenya’s favorable business environment.
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The recent acquisition of BII’s stake by the local investor enhances I&M Group’s local ownership and strengthens its market understanding and operational …