Tag Archives: shares

Standard Chartered’s shares tumbled last week following sudden exit of Chief Financial Officer Diego De Giorgi. The bank’s London shares fell 4.1% at the market open while its Hong Kong-listed stock dropped as much as 6.4% before paring losses to stand 1.7% lower, underperforming the benchmark Hang Seng index which was up nearly 0.6%. De Giorgi stepped down from the role …

Some of Kenya’s richest investors are squaring off in court over who controls SportPesa, the country’s best-known betting brand, in a fight that has turned into one of the most heated business disputes in years. The fight has spilled into the courts and left punters unsure of the platform’s future.SportPesa, launched in 2012 by Pevans East Africa, once dominated Kenya’s …

A simmering domestic and corporate battle has erupted within one of Kenya’s most influential business families, pitting Peter Munga, the founder of Equity Bank Group, against his wife, Rose Njambi Munga, in a Ksh640 million ($5 million, UGX 17.4bn) legal fight over shares in Britam Holdings Plc. The case, now before the High Court in Nairobi, centers on 75 million …