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Naushad Merali
Naushad N. Merali, CBS (2 January 1951 – 3 July 2021) was the founder of the Kenyan mobile service provider Airtel Kenya, Kencell along with French media giant Vivendi.''Naushad Merali'' information at Forbes.com Merali became famous in an almost folk tale for a corporate boardroom manoeuvre that earned him a $20million dollar profit in one hour thanks to pre-emptive rights of his stake in private Telecom company Kencell Kenya in 2004. He attended Highway Secondary School in the suburbs of Nairobi, Kenya. As one of Kenya's leading industrialists, Merali brought commercial development in Kenya for more than 30 years and was constantly expanding his businesses throughout East Africa. Based on the annual List of Kenyans by net worth, Forbes ranking of Africa's ric ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Industrialist
A business magnate, also known as an industrialist or tycoon, is a person who is a powerful entrepreneur and investor who controls, through personal enterprise ownership or a dominant shareholding position, a firm or industry whose goods or services are widely consumed. Etymology and history The term ''magnate'' derives from the Latin word (plural of ), meaning 'great man' or 'great nobleman'. The term ''mogul'' is an English corruption of , Farsi, Persian or Arabic for 'Mongol'. It alludes to emperors of the Mughal Empire in Early modern India, Early Modern India, who possessed great power and storied riches capable of producing wonders of opulence, such as the Taj Mahal. The term ''tycoon'' derives from the Japanese language, Japanese word , which means 'great lord', used as a title for the . The word entered the English language in 1857 with the return of Matthew C. Perry, Commodore Perry to the United States. US President Abraham Lincoln was humorously referred to as ''th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Bank Of Africa Group
Commercial Bank of Africa Group (CBA Group) is a financial services provider in East Africa. Its headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Rwanda, Tanzania, Uganda and Ivory Coast. The CBA Group is a large financial services group in East Africa, with an asset base valued at KSh:234.79 billion (US$2.343 billion), with shareholders' equity of KSh:28.38 billion (US$283.2 million), as of 30 September 2017. History Commercial Bank of Africa was established in 1962 in Dar es Salaam, Tanzania as a subsidiary of Swiss-based ''Société Financière pour les Pays d'Outre-Mer'' (SFOM). The SFOM consortium included BanqueNationale de Paris, Bank Bruxelles Lambert, Commerz Bank and Bank of America. Branches of the bank were established in Nairobi and Mombasa, Kenya. Another branch was opened in Kampala, Uganda. In 1967, the Government of Tanzania nationalized all commercial banks in the country as part of the government's nationalization of large industries ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ugandan
Demographic features of the population of Uganda include population density, ethnicity, education level, health of the populace, economic status, religious affiliations and others. Population According to the total population was in , compared to only 5,158,000 in 1950. The proportion of children below the age of 15 in 2015 was 48.1 percent, 49.4 percent was between 15 and 65 years of age, while 2.5 percent was 65 years or older.Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat, World Population Prospects: The 2015 Revision Population by Sex and Age Group (Census 27.VIII.2014): Population Estimates by Sex and Age ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Safaricom
Safaricom PLC is a listed Kenyan mobile network operator headquartered at Safaricom House in Nairobi, Kenya. It is the largest telecommunications provider in Kenya, and one of the most profitable companies in the East and Central Africa region. The company offers mobile telephony, mobile money transfer, consumer electronics, ecommerce, cloud computing, data, music streaming, and fibre optic services. It is most renowned as the home of M-PESA, a mobile banking SMS-based service. Safaricom controls approximately 65.7% percent of the Kenyan market as of 2024 with a subscriber base estimated at approximately 47 million.Sector Statistics Report 2019 go.ke In terms of voice market and SMS market share Safaricom controls 69.2% and 92.2% respectively. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kenya Data Networks
Econet, officially known as Econet Group, is a diversified telecommunications group with operations and investments in Africa, Europe, South America and the East Asia Pacific Rim, offering products and services in the core areas of mobile and fixed telephony services, broadband, satellite, optical fiber networks and mobile payment. The group's subsidiaries include Econet Wireless, Cassava Technologies and Cassava Smartech. History Econet was created in 1993 in Zimbabwe by Strive Masiyiwa. Initially it was meant to be called "Enhanced Communications Network" but was later abbreviated to Econet. In 1998, Econet was granted a telephony licence, at a time when 70% of the country inhabitants had never heard a ringtone. In 2005, Econet developed a mobile payment system to help NGOs make cash transfers to refugees after the Burundi war. The model was extended and integrated in Econet's technology, along with a credit solution. EcoCash was officially launched in 2011 and is ope ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Davos
Davos (, ; or ; ; Old ) is an Alpine resort town and municipality in the Prättigau/Davos Region in the canton of Graubünden, Switzerland. It has a permanent population of (). Davos is located on the river Landwasser, in the Rhaetian Alps, between the Plessur and Albula Ranges. The municipality covers nearly the entire valley of the Landwasser, and the centre of population, economic activity and administration is two adjacent villages, ''Davos Dorf'' (engl.: Davos Village) and ''Davos Platz'' (Davos Place), which are above sea level. Gaining prominence in the 19th century as a mountain health resort, Davos is perhaps best known today for hosting the World Economic Forum, an annual meeting of global political and corporate leaders. With its long history of winter sports, Davos also has one of Switzerland's largest ski resorts and hosts the international Spengler Cup, an ice hockey tournament, every December. Name ''Tavau'', the Romansh name, derives from the La ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Economic Forum
The World Economic Forum (WEF) is an international non-governmental organization, international advocacy non-governmental organization and think tank, based in Cologny, Canton of Geneva, Switzerland. It was founded on 24 January 1971 by German engineer Klaus Schwab. The foundation's stated mission is "improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas". The foundation is mostly funded by its 1,000 member Multinational corporation, multi-national companies. The WEF is mostly known for its annual meeting at the end of January in Davos, a mountain resort in the canton of Graubünden, in the eastern Alps region of Switzerland. The meeting brings together some 3,000 paying members and selected participants – among whom are investors, business leaders, political leaders, economists, celebrities and journalists – for up to five days to discuss list of global issues, global issu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Bank Of Africa
Commercial Bank of Africa (CBA) was a financial services provider headquartered in Nairobi, Kenya, the largest economy in the East African Community. CBA was licensed by the Central Bank of Kenya, the central bank and national banking regulator. , the bank was one of the largest commercial banks in Kenya with assets of approximately US$2.166 billion (KES:215.6 billion), with shareholders' equity of approximately US$217.83 million (KES:21.68 billion). It was the largest privately owned commercial bank in Kenya. History The bank was founded in 1962 in Dar es Salaam, Tanzania. Soon, branches were opened in Nairobi & Mombasa, Kenya and in Kampala, Uganda. When Tanzania nationalised private banks in 1967, the bank moved its headquarters to Nairobi. Following political changes in Uganda in 1971, the bank sold its assets in that country. At the beginning, CBA was owned by a consortium of financial institutions known as ''Société Financière pour les Pays d'Outre-Mer'' (SFOM), base ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nairobi Stock Exchange
The Nairobi Securities Exchange (NSE) was established in 1954 as the Nairobi Stock Exchange, based in Nairobi the capital of Kenya. It was a voluntary association of stockbrokers in the European community registered under the Societies Act in British Kenya. The exchange had 66 listed companies in February 2021. History Founding Nairobi Stock Exchange (1954-1999) The Nairobi Stock Exchange was established in 1954 in Nairobi, the capital of Kenya. It was a voluntary association of stockbrokers in the European community registered under the Societies Act in British Kenya. Previous to its founding, dealing in shares and stocks started in the 1920s when it was the British colonial Kenya Colony (1920−1963), a part of the British Empire. A stock exchange was first floated in 1922 at the Exchange Bar in the Stanley Hotel in Nairobi. However, the market was not formal as there did not exist any rules and regulations to govern stock broking activities. Trading took place on a ‘ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conglomerate (company)
A conglomerate () is a type of multi-industry company that consists of several different and unrelated List of legal entity types by country, business entities that operate in various industries. A conglomerate usually has a Holding company, parent company that owns and controls many Subsidiary, subsidiaries, which are legally independent but financially and strategically dependent on the parent company. Conglomerates are often large and Multinational corporation, multinational corporations that have a global presence and a diversified portfolio of products and services. Conglomerates can be formed by merger and acquisitions, Corporate spin-off, spin-offs, or joint ventures. Conglomerates are common in many countries and sectors, such as Media (communication), media, Finance, banking, Energy industry, energy, mining, manufacturing, retail, Arms industry, defense, and transportation. This type of organization aims to achieve economies of scale, market power, Risk management, ris ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sameer Group
The Sameer Group of Companies, commonly referred to as the Sameer Group, is a large conglomerate, based in Kenya, with operations and subsidiaries in neighboring African countries. Overview The group is involved in industries including: agriculture, manufacturing, distribution, high-tech, construction, transport and finance. The company's offices are located in Nairobi, the capital city of Kenya, and the largest metropolitan area in that country. The shares of stock of some of the group's subsidiaries are listed on the Nairobi Stock Exchange. Subsidiary companies , the Sameer Group subsidiaries include, but are not limited to the following companies: *Sasini Tea & Coffee, Nairobi, Kenya * Sameer Agriculture & Livestock Limited, Kampala, Uganda - Dairy Processing (Sold to Brookside Dairies in May 2015). * Sameer Industrial Park Limited, Nairobi, Kenya * Sameer Business Park Limited, Nairobi, Kenya * Sameer Africa Limited, Nairobi, Kenya - Manufacture of tires. Formerly "Fire ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
