Tag Archives: Takeover

Nairobi was buzzing this week when Nedbank Chief Executive Jason Quinn landed in town with one mission — defend a jaw-dropping deal. The South African banking giant has tabled about $855 million (Shs3.01 trillion) for a 66 percent stake in NCBA Group, valuing one of East Africa’s biggest banks at roughly 1.4 times book value. In a market where recent …

The ghost of former Amin-era strongman Brig Gen. Ali Fadhul has returned to haunt two of Uganda’s powerhouses — Minister Alice Kaboyo and industrial giants Madhvani Group — in a sizzling property war over the historic Ripon Falls Hotel in Jinja! Our Red Pepper online snoops have unearthed how Fadhul’s son allegedly played both camps, allegedly pocketing millions from the …