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Africa’s second-richest man earns $141million after blockbuster €3.3billion deal leaves his investment firm awash with cash
The payment was disclosed in Reinet’s annual report after the Luxembourg-listed investment company completed the sale of its 49.5% stake in UK specialist insurer
Kenya loses Sh11bn stake in AfDB amid cash crunch
Kenya has lost 6,715 shares at the African Development Bank (AfDB), valued at Sh11.9 billion, after it failed to complete annual subscription, affecting its ownership
Express Kenya plans cash call with sale of 50 million shares
Express Kenya plans to raise additional capital from existing investors by selling 50 million new shares at a price the company says will be disclosed