Kenyan tycoon James Mwangi’s Equity Group investment loses $5.9 million
Equity Group has become a dominant force in East and Central Africa under Mwangi, who owns 3.38 percent of the group.
Kenyan tycoon
Insurance firm linked to Kenya’s Peter Munga achieves $11.2 million in H1 profit
Munga owns a significant stake in Britam Holdings, with 72 million shares, making him one of its largest shareholders.
Kenyan tycoon Suresh Bhagwanji Shah’s stake in I&M slumps by $1.2 million
Shah owns a beneficial 10.98-percent stake in I&M Bank Group, translating to 178,514,362 ordinary shares.
Kenyan tycoon Baloobhai Patel’s stake in Absa Kenya is down by more than $1 million
Patel holds a total of 50.06 million shares in Absa Bank Kenya, equivalent to a 0.92-percent stake.
Uganda tax penalty deals blow to cement firm owned by Kenyan tycoon Baloobhai Patel
Patel, a Kenyan multimillionaire with diverse investment interests, owns a 4.12-percent stake in Bamburi Cement.
Credit Bank, owned by Kenya’s wealthy Nyachae family, set to list on Nairobi bourse
Grace Nyachae, widow of Simeon Nyachae and a key figure in the country’s financial services industry, is a founding director of Credit Bank.
Kenyan tycoon Ken Njoroge-backed startup targets $1 million via crowdfunding
This strategic move comes on the heels of MarketForce’s remarkable feat last year, when it secured $40 million in a Series-A funding round backed by Ken Njoroge.
Kenyan tycoon Edward Kirathe’s Acorn plans expansion for student hostels in Nairobi
Kirathe’s influence in Kenya’s real estate sector spans 25 years, making him a prominent figure in the East African real estate domain.
Kenyan tycoon Ahmed Hashi’s Hashi Energy set for auction over $35-million debt
Founded in 1991 by Hashi and his wife, Fatuma, Hashi Energy’s operations have expanded significantly over the past three decades.
Kenyan tycoon Narendra Raval backs Finance Act to boost local manufacturing
Raval’s endorsement underscores the potential for the legislation to revitalize Kenya’s manufacturing landscape.
Kenya’s Biwott family sells Yaya Center in multimillion-dollar deal
The late Nicholas Biwott was part of a generation of public servants who ventured into various businesses, impacting Kenya’s economy.
Kenyan tycoon Suresh Bhagwanji Shah gains $1.1 million in 19 days
This $1.13-million increase solidifies Shah’s position as one of the richest investors on the Nairobi Securities Exchange.
Kenyan tycoon Edward Kirathe’s property firm to raise $10.5 million from investors
Established in 2001 by Kirathe, Acorn Holdings Africa has completed over 65 projects during its two-decade tenure.
Million-dollar estate owned by Kenyan tycoon David Langat pulled from auction at the last minute
Langat built his fortune through import and export ventures and diversified into agribusiness, real estate, energy, hospitality and insurance.
Kenya’s Merali family suffers $4.8 million loss in 18 days
Despite the recent downturn in Sasini’s share price, the Kenyan Merali family remains one of the wealthiest families in the country.
Centum, linked to Chris Kirubi’s heirs, acquires 4.64 million shares under share buyback program
The late Kirubi, a prominent Kenyan tycoon and serial investor, owned a 31-percent stake in Centum Investments before his passing in 2021 at 80.