Tag: Naushad Merali
FALSE: Kencell Did Not Rebrand Directly To Airtel
The death of industrialist Naushad Merali on 3rd July rekindled a historical transaction in the sale of Kencell Communications to Celtel International in 2006....
Naushad Merali, Dealmaker Who Made Sh200M Profit In 24 Hours, Dies
Merali made his wealth by first purchasing unprofitable companies and turning them around in his formative days as an investor. He would then exit at a profit - sometimes attracting criticism when the new buyers failed to profit from the deal. In 2015, Forbes ranked him as the third richest man in Kenya and 48th in Africa with a net worth of Ksh39.96 billion ($370 million).
Teachers Get Their Own Bank. But is it Worth It?
Spire Bank says the share sale, which was concluded at the end of November, is a tactical move to bring on board a strategic investor.
Sameer Names Acting MD as Simon Gachomo Calls It Quits
Gitonga, who joined the board on August 1, 2015, has previously served in various capacities at senior management level in Sameer Africa
What happens to billionaire who ‘bribed Uhuru’?
Dr Naushad N. Merali is not your ordinary businessman. The billionaire serves as chairman of Sameer Group. The reputed Forbes magazine ranks him among...
Billions in fake money found in house linked to ‘Fake Uhuru’
The saga surrounding seven men who were arrested for conning Sameer Africa chairman Naushad Merali after one of them mimicked President Uhuru Kenyatta took...
Uhuru lands nomination for African leadership award
The Award is in keeping with the African Magazine's tradition of presenting the sides of the continent, which hardly finds placement on the global mainstream media
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PERSON OF INTEREST
Madatally Manji: The First Man to Manufacture Biscuits in Kenya
House of Manji has become a household name in Kenya and the East Africa region in the biscuits, pasta and confectionery industry.
ECONOMY
Mumias Sugar Return Ignites a Price War in Cane Harvesting
Mumias Sugar Company opened its doors on Friday, 1st December, 2023 to receive cane from farmers as operations resumed at the giant sugar miller after years of silence.
CAREERS
Upskilling: 5 Ways to Remain Competitive in Your Career
It is not surprising that HR professionals are constantly upskilling either to remain competitive in their current roles or to pursue new opportunities.
SPORT
Odibets Gives Out 100 Goats Daily in Betting Promotion
Each goat from Odibets will be worth Ksh5,000 and will be rewarded to the lucky customers via M-Pesa.
MEDIA
Angry Standard Group Employees Wrestle With Auctioneers
In what looked like a movie, Standard Group employees moved to stop the auctioneers from carrying away the seats.