
Kenyan tycoon Peter Njonjo resigns from Twiga Foods board after extended leave
Njonjo has officially resigned from the board of the leading agritech firm, marking the end of an era.
Njonjo has officially resigned from the board of the leading agritech firm, marking the end of an era.
Equity Group envisions expanding opportunities for wealth creation while upholding the highest standards of service excellence, innovation, and financial inclusion.
Ndegwa, the former chairman of the Capital Markets Authority and son of the late Kenyan economist Philip Ndegwa, is a top figure in the Kenyan business scene.
Ndegwa holds a sizable 4.63-percent stake in the leading lender, translating to 76,336,855 ordinary shares.
Mwangi owns a 3.38-percent stake in Equity Group, or 127,809,180 ordinary shares.
Njonjo, in his remarks, mentioned that he would be focusing on personal matters during his leave.
This recent surge solidifies Ndegwa’s position as one of Kenya’s wealthiest investors.
Boasting a majority 65.46-percent stake in the company, the Merali family has long been regarded as one of the wealthiest families in Kenya.
Under the leadership of Mwangi, Equity Group has solidified its position as a dominant force in East and Central Africa.
Muriuki, managing director of Co-op Bank, emphasized the bank’s commitment to sustainable growth, resilience, and agility.
Bamburi Cement, a prominent East African cement firm partly owned by Kenyan industrialist Baloobhai Patel, has settled 60 percent of its tax debt
Despite this financial setback, Ndegwa remains one of Kenya’s wealthiest investors and stands as one of the country’s most prominent businessmen.
Shah is credited with transforming I&M into one of East Africa’s leading banking groups.
The market value of the stake held by Kirubi’s heirs has increased from $11.02 million on May 17 to $12.34 million at the time of writing.
Equity Group has become a dominant force in East and Central Africa under the leadership of Mwangi, who owns 3.38 percent of the group.
Equity Group has become a dominant force in East and Central Africa under the leadership of Mwangi, who owns 3.38 percent of the group.