
Kenyan tycoon Peter Njonjo’s Twiga thwarts liquidation attempt over debt dispute
Twiga Foods is a Nairobi-based agri-tech startup co-founded by Njonjo.
Twiga Foods is a Nairobi-based agri-tech startup co-founded by Njonjo.
Billionaires.Africa has identified and monitored seven prominent assets owned by the Kenyatta family.
This development was unveiled following a meeting between Mwale and Ghanaian President Nana Akufo-Addo.
Despite this financial setback, Ndegwa remains one of Kenya’s wealthiest investors and ranks as one of the country’s richest businessmen.
This remarkable increase in the market value of his share further solidifies Aga Khan IV’s position as the richest investor on the Nairobi Securities Exchange.
The Merali family has seen the market value of their shares in Sasini drop by Ksh462.95 million ($3.15 million) in the past 21 days.
Muriuki owns a substantial two-percent stake in Co-operative Bank Group, translating to 117,471,300 ordinary shares.
Centum Real Estate (Centum RE) is a property developer linked to Robert Kirubi and Mary-Ann Musangi, heirs to the late tycoon Chris Kirubi’s business empire.
Centum Investment is an East African-focused investment firm controlled by the family of the late Kenyan tycoon Chris Kirubi.
Equity Group has become a dominant force in East and Central Africa under Mwangi, who owns 3.38 percent of the group.
Munga owns a significant stake in Britam Holdings, with 72 million shares, making him one of its largest shareholders.
Shah owns a beneficial 10.98-percent stake in I&M Bank Group, translating to 178,514,362 ordinary shares.
Patel holds a total of 50.06 million shares in Absa Bank Kenya, equivalent to a 0.92-percent stake.
Patel, a Kenyan multimillionaire with diverse investment interests, owns a 4.12-percent stake in Bamburi Cement.
Grace Nyachae, widow of Simeon Nyachae and a key figure in the country’s financial services industry, is a founding director of Credit Bank.
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.