Kenyan tycoon Narendra Raval’s Devki Group to build cement plant
Raval founded Devki Group in Nairobi in 1986 as a small steel-processing and trade enterprise.
Kenyan tycoon
Chris Kirubi’s heirs suffer $1.44-million loss from stake in Kenya’s largest listed investment firm
The heirs of late Kenyan billionaire Chris Kirubi experience a significant decline in Centum Investment’s stake.
Paul Ndung’u loses court battle to stop $4.8-million auction
The case was brought against Ndung’u by Equity Bank.
Baloobhai Patel-linked Bamburi Cement sees profit dip below $2 million
In 2022, Patel acquired an additional 7.9 million shares worth $2.52 million in Bamburi Cement.
Kenyan tycoon Peter Munga takes $1.46-million hit from stake in Britam
Munga owns 72 million Britam shares.
Kenyan tycoon John Kimani takes $3.2-million hit from Kakuzi stake
Despite the decrease in his stake, Kimani remains one of the richest investors on the Nairobi Securities Exchange.
James Mwangi’s Equity Group acquires $86-million stake in DRC unit
Mwangi has played a pivotal role in the lender’s expansion beyond Kenya.
Gideon Muriuki-linked CIC resumes repayment of $33.2 million loan
Muriuki holds the largest individual shareholder in CIC Group with a 5.27-percent stake.
Jimnah Mbaru, one of Kenya’s richest investors, faces $3.2-million loss
Mbaru holds a 7.72-percent stake in Britam Holdings.
Kenyan tycoon James Mwangi gains $7.28 million in 18 days from stake in Equity Group
Mwangi owns a significant 3.38-percent stake in Equity Group.
Kenyan tycoon Suresh Bhagwanji Shah’s I&M pockets $3.4 million in dividends from Mauritius-based subsidiary
Since its founding in 1974, I&M has grown into one of the leading financial services groups in East Africa.
Kenyan tycoon Gideon Muriuki-linked insurance firm CIC Group reaches record profits of $8 million in 2022
Muriuki is expected to receive $136,800 from his stake in CIC Insurance Group.
Centum, controlled by heirs of late Kenyan tycoon Chris Kirubi, settles $17.8-million debt
Centum Investments is partly owned by Robert Kirubi and Mary-Ann Musangi, heirs to the late Chris Kirubi’s multimillion-dollar business empire.
Family of late Kenyan tycoon Naushad Merali rakes in $2.33 million in single day from Sasini Tea stake
The Merali family is the majority shareholder of Sasini.
Kenyan tycoon Baloobhai Patel’s Carbacid smashes expectations with $3.2-million profit in 2022
Patel owns a 49.9-percent stake in Carbacid Investments Limited.
Kenyan tycoon Chris Kirubi’s heirs gain $1.4 million from stake in investment firm, Centum
After Kirubi’s passing, his son and daughter inherited 80 percent of his fortune.