Kenyan tycoon Gideon Muriuki-led bank’s wealth arm hits $1.7 billion in assets under management
Co-op Trust’s assets have quadrupled since 2014, rising from Ksh52.5 billion ($392.4 million) to Ksh218.38 billion ($1.7 billion) in 2023.
Kenyan tycoon
Bamburi Cement, backed by Kenyan tycoon Baloobhai Patel, to distribute $15 million to shareholder
The proposed dividend payout represents a notable increase from the previous dividend of Ksh0.75 ($0.00563) per share, amounting to Ksh272 million ($2 million).
Kenyan tycoon Suresh Bhagwanji Shah loses $6.2 million from I&M Bank stake
This contrasts sharply with the $6.9-million profit he made between Feb. 14 and March 26 when the value of his I&M Bank Group stake soared from $23.47 million to $30.43 million.
Kenyan tycoon Gideon Muriuki’s Co-op Bank provides $3.75-million boost to brokerage unit
The loan, marking an increase from the previous year’s advances, underscores Co-op Bank’s steadfast support for Kingdom Securities.
Kenyan tycoon Narendra Raval’s Devki Group secures $32.7-million credit facility
The news of this substantial credit facility coincides with Narendra Raval’s decision to shift a significant portion of Devki Group’s business accounts to Stanbic Bank Kenya.
Kenya’s richest banker James Mwangi makes nearly $4 million in 2 weeks
The recent gain not only reinforces Mwangi’s standing as one of the top investors on the NSE but also strengthens his position as Kenya’s wealthiest banker.
Kenyan tycoon Suresh Bhagwanji Shah’s I&M targets 100 branches in Kenya by 2026
The group kicked off its Kenyan expansion in mid-January with the inauguration of eight new branches.
Kenyan tycoon Gideon Muriuki’s Co-op Bank to distribute $66.45-million dividend
The proposed dividend marks a significant milestone for the group and reflects its strong financial position.
Firm led by Kenyan tycoon Edward Kirathe announces $3.6-million dividend payout
The company’s decision to reward its unit holders comes after declaring its first distribution from its development Reits, marking a significant increase from the initial projection.
WPP Scangroup faces potential job cuts post $30-million lawsuit by Kenyan tycoon Bharat Thakrar
This decision, triggered by the challenges in meeting revenue targets, aims to align the firm with market demands and macroeconomic trends.
Kenyan tycoon Bharat Thakrar initiates $30.2 million lawsuit against WPP plc
This move follows his suspension from the company in 2021 and his announcement in February of plans to sue WPP for £24 million ($30.2 million).
Kenyan tycoon Andrew Ndegwa gains $3.5 million from stake in NCBA Group
Ndegwa, a director on the board of NCBA Group, holds a commanding 4.63-percent stake in the leading lender, translating to 76,336,855 ordinary shares.
Ronald Karauri’s SportPesa unveils innovative rewards for Kenyan athletes
This initiative represents a significant stride toward contributing to Kenya’s comprehensive growth and prosperity.
Kenyan tycoon Bharat Thakrar threatens $30-million lawsuit against UK group
Thakrar also accused WPP of leaking details of an internal investigation into alleged financial and personal misconduct to local media, causing “reputational damage.”
Kenyan tycoon James Ndegwa loses $1.17 million from NCBA stake
Despite this setback, Ndegwa remains one of Kenya’s wealthiest investors and continues to hold a prominent position among the country’s richest businessmen.
Kenyan tycoon Baloobhai Patel’s Bamburi Cement expects $2.57 million in savings with solar plants
Patel, a Kenyan multimillionaire and owner of a 4.12-percent stake in Bamburi Cement through his private investment company, Aksaya Investment.