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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 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 , Kenya. As one of Kenya's leading |
Industrialist
A business magnate, also known as a tycoon, is a person who has achieved immense wealth through the ownership of multiple lines of enterprise. The term characteristically refers to a powerful entrepreneur or investor who controls, through personal enterprise ownership or a dominant shareholding position, a firm or industry whose goods or services are widely consumed. Such individuals have been known by different terms throughout history, such as industrialists, robber barons, captains of industry, czars, moguls, oligarchs, plutocrats, or taipans. Etymology The term '' magnate'' derives from the Latin word ''magnates'' (plural of ''magnas''), meaning "great man" or "great nobleman". The term ''mogul'' is an English corruption of ''mughal'', Persian or Arabic for "Mongol". It alludes to emperors of the Mughal Empire in Medieval India, who possessed great power and storied riches capable of producing wonders of opulence such as the Taj Mahal. The term ''tycoon'' derives from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kenyatta Family
The Kenyatta family is the family of Jomo Kenyatta, the first President of Kenya and a prominent leader in that country's independence. Born into the dominant Kikuyu people, Kikuyu culture, Kenyatta became its most famous interpreter of Kikuyu traditions through his book ''Facing Mount Kenya''. Born Kamau Wa Muigai at Ng'enda village, Gatundu Division, Kiambu to Muigai and Wambui, Jomo Kenyatta served as the first Prime Minister (1963–1964) and President (1964–1978) of Kenya. His date of birth, sometime in the early to mid 1890s, is unclear. In 1914, he was baptized a Christian and given the name John Peter which he changed to Johnstone. He again later changed his name to Jomo in 1938. He adopted the name of Jomo Kenyatta taking his first name from the Kikuyu word for "burning spear" and his last name from the masai word for the bead belt that he often wore. His son Uhuru Kenyatta, who he fathered late in life, served as the fourth President of Kenya from 2013–2022. Jomo K ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nakuru
Nakuru is a city in the Great Rift Valley, Kenya, Rift Valley region of Kenya. It is the capital of Nakuru County, and was formerly the capital of Rift Valley Province. As of 2019, Nakuru had an urban and rural population of 570,674 inhabitants, making it the largest urban center in the Rift Valley, with Eldoret in Uasin Gishu County following closely behind. The city lies along the Nairobi Nakuru Highway, a distance of 160 kilometers from Nairobi, the capital of Kenya. It is the fourth largest city in Kenya, behind Nairobi, Mombasa and Kisumu respectively. It lies about 1,850 m above sea level. History Archaeological discoveries located about 8 km from the Central Business District at the Hyrax Hill reserve have been dated to the prehistoric period. The city was created on January 28, 1904 when an area within a circle having a radius of one mile from the main entrance to the railway station was proclaimed to be a township. The name of the town was derived from the Ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ugandan
}), is a landlocked country in East Africa. The country is bordered to the east by Kenya, to the north by South Sudan, to the west by the Democratic Republic of the Congo, to the south-west by Rwanda, and to the south by Tanzania. The southern part of the country includes a substantial portion of Lake Victoria, shared with Kenya and Tanzania. Uganda is in the African Great Lakes region. Uganda also lies within the Nile basin and has a varied but generally a modified equatorial climate. It has a population of around 49 million, of which 8.5 million live in the capital and largest city of Kampala. Uganda is named after the Buganda kingdom, which encompasses a large portion of the south of the country, including the capital Kampala and whose language Luganda is widely spoken throughout the country. From 1894, the area was ruled as a protectorate by the United Kingdom, which established administrative law across the territory. Uganda gained independence from the UK on 9 October ... [...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 MPESA, a mobile banking SMS-based service. Safaricom controls approximately 64.5% percent of the Kenyan market as of 2020 with a subscriber base estimated at approximately 35.6 million.https://ca.go.ke/wp-content/uploads/2019/09/Sector-Statistics-Report-Q4-2018-19.pdf In terms of voice market and SMS market share Safaricom controls 69.2% and 92.2% respectively. Safaricom was formed in 1997 as a fully owned subsidiary of Telkom Kenya. In May 2000, Vodafone Group PLC of the United Kingdom acquired a 40% stake and management responsibility for the co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kenya Data Networks
Econet, officially known as Econet Global Ltd, 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 op ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Davos
, neighboring_municipalities= Arosa, Bergün/Bravuogn, Klosters-Serneus, Langwies, S-chanf, Susch , twintowns = } Davos (, ; or ; rm, ; archaic it, Tavate) is an Alpine resort town and a 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 () and Davos Platz (''Davos'' ''Place''), at 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—often referred to simply as "Davos"—an annual meeting of global political and corporate leaders. With a long history of winter sport, Davos also has one of Switzerland's larg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Economic Forum
The World Economic Forum (WEF) is an international non-governmental and lobbying organisation based in Cologny, canton of Geneva, Switzerland. It was founded on 24 January 1971 by German engineer and economist Klaus Schwab. The foundation, which is mostly funded by its 1,000 member companies – typically global enterprises with more than five billion US dollars in turnover – as well as public subsidies, views its own mission as "improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas". The WEF is mostly known for its annual meeting at the end of January in Davos, a mountain resort 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 global issues across 500 sessions. ... [...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), based ... [...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 as the 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 o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conglomerate (company)
A conglomerate () is a multi-industry company – i.e., a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries. Conglomerates are often large and multinational. United States The conglomerate fad of the 1960s During the 1960s, the United States was caught up in a "conglomerate fad" which turned out to be a form of speculative mania. Due to a combination of low interest rates and a repeating bear-bull market, conglomerates were able to buy smaller companies in leveraged buyouts (sometimes at temporarily deflated values). Famous examples from the 1960s include Ling-Temco-Vought,. ITT Corporation, Litton Industries, Textron, and Teledyne. The trick was to look for acquisition targets with solid earnings and much lower price–earnings ratios than the acquirer. The conglomerate would make a tender offer to the target's shareholders at a princely premium to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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