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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