Wealthy Kenyan Families
Backed by Kenya’s richest families, NCBA posts $40.1-million profit in Q1 2024
John Gachora, the managing director of NCBA Group, attributed the lender’s strong financial results in the first quarter of 2024 to the growth and resilience of its diversified business model.
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.
Kenyatta family’s equity wealth in banking giant skyrockets by $21 million in 2022
The Kenyatta family owns a 13.2-percent stake in NCBA Group.
Kenyan billionaire families Moi, Rai secure court pardon in $8.2-million land battle
The Moi family is said to be Kenya’s second-largest landowner after the Kenyattas.
Kenyan businessman Vimal Shah’s Bidco Africa, 25 others invest $1.6 billion in DRC
Bidco Africa is a multinational consumer goods company.