Tag: Paul Ndung'u
SportPesa Billionaire’s Mansion, Farms Go Under The Hammer
A number of properties belonging to billionaire entrepreneur and SportPesa shareholder Paul Ndung'u have been listed for auction. Among them are a prime residential property in Gigiri, Nairobi as well as commercial farms in Laikipia.
Paul Ndung’u: How Kenyatta Family Grabbed SportPesa
Ndung'u and Asenath Wachira Maina, another prominent Kenyan businessman, were among key shareholders in Pevans EA who introduced SportPesa to the market. Ndung’u in 2020 claimed that local shareholders were not informed of the transfer of the brand, and further claimed that they were excluded from purchasing shares in Sportpesa Global Holdings Limited (SGHL), diluting their ownership in the UK-based firm. The matter has been in court since, even as Karauri-led Milestone Games battles to secure an operating license.
Stay in touch:
Newsletter
Don't miss
SMART MONEY
Amazing Origin of ‘Pesa’ and How Shilling Overtook Foreign Currencies
With the establishment of individual Central Banks for the three East African countries, Kenya began printing and minting its own shilling currency notes under the mandate given to the Central Bank of Kenya in 19676.
SMART BUSINESS
Engineer Turned Away by 6 Banks Now Owns Multi-Billion Premium Hotel
In just 12 years, PrideInn Hotels & Resorts has grown from one hotel with 28 rooms to eight hotels in five counties.
LEADERSHIP
Resignation of 3 Standard Group Directors Signals Big Trouble
Standard Group Directors: Media house announced through its Nairobi Securities Exchange filing that Dr Githinji Gitahi - who was an Independent, Non-Executive Director - had quit effective 10th November, 2023.
ENTERTAINMENT
Tusker Oktobafest Rolls East African Cultures into One
From regional events across Kenya to inaugural gatherings in Uganda and Tanzania, and the Tusker Oktobafest grand finale in Nairobi, the festival harmonized traditions, celebrated diversity, and highlighted the rich cultural tapestry of the East African culture
BUSINESS
 Carrefour Opens 24-Hour Store in Mombasa
This marks the carrefour third establishment in the coastal region, following the Centre Point Mall in Diani and City Mall Nyali stores.