DRC unit of James Mwangi-led Equity Group secures $11 million from Proparco
Equity Group is a leading East and Central Africa financial services conglomerate.
Kenyan tycoon
Kenyan banking magnate Gideon Muriuki hit by $1.1 million in losses amid Co-op Bank share decline
The $1-million drop in Muriuki’s stake can be attributed to a nearly 10-percent decline in Co-op Bank Group’s shares.
James Mwangi-led Equity Group initiates loan price increase, a first in Kenya
Under Mwangi, Equity Group has played a key role in the growth and transformation of Kenya’s financial services industry.
Absa Kenya linked to Kenyan tycoon Baloobhai Patel secures $50-million loan from parent firm
Patel, who is known for his investments in various sectors, holds a significant stake in Absa Bank Kenya.
Startup led by Kenya-born American entrepreneur secures $40 million to build Sub-Saharan Africa’s largest mini-grid
This will enable Nuru, under the leadership of Shaw, to undertake ambitious new projects.
NMG distributes $2-million dividend to Kenyan tycoon John Kimani and other shareholders
Among the beneficiaries of this remarkable dividend payout, John Kimani, one of Kenya’s wealthiest investors, will receive $83,300.
Kenyan tycoon Suresh Bhagwanji Shah loses $4.95 million amid I&M Bank’s share-price nosedive
Shah holds a beneficial stake of 10.98 percent, consolidating his position as a major stakeholder in the company.
Kenyan tycoon Ronald Karauri’s Sportpesa commits $260,000 to support Kenyan Rugby
Karauri emphasized that SportPesa is committed to the long-term development of rugby in Kenya.
Kenyan tycoon Baloobhai Patel boosts bank holdings with 5 million shares in Absa Kenya
Patel’s stake in Absa Bank Kenya has risen from 42.5 million shares to 47.5 million shares.
Late Kenyan tycoon Naushad Merali’s family’s stake in Sasini Tea surpasses $30-million mark
With their remarkable gains in the stock market and increased profitability, the Merali family continues strengthening their financial standing.
Centum, controlled by heirs of late Kenyan tycoon Chris Kirubi halts plans to dilute stake in Two Rivers unit
Centum Investment Plc is controlled by Robert Kirubi and Mary-Ann Musangi, heirs to the late tycoon Chris Kirubi’s business empire
Kenyan tycoon James Mwangi’s Equity Group to invest $5.7 million in insurance business
Under James Mwangi, who holds a 3.38-percent stake in the company, Equity Group witnessed a 15 percent increase in profits in 2022
Centum, led by heirs of late Kenyan tycoon Chris Kirubi, secures SEZ license for Two Rivers development
Centum Investment, Kenya’s largest publicly traded investment firm is partly owned by Robert Kirubi and Mary-Ann Musangi.
Kenyan tycoon Jimnah Mbaru sells millions in shares, shakes up Britam ownership
While Mbaru’s recent transaction has reduced his stake in Britam, he remains the company’s largest individual shareholder.
Kenyan tycoon Narendra Raval’s Devki Group accelerates production to meet surging demand
Raval, the chairman of Devki Group, attributed the surge in orders to competitive pricing and innovative production methods.
Kenyan tycoon Narendra Raval secures victory in billion-dollar cement industry lawsuit
Kenyan tycoon Narendra Raval secures victory in billion-dollar cement industry lawsuit.
