Former Absa Bank Kenya Chief Executive Officer Abdi Mohamed has been appointed the new Chief Executive Officer of I&M Bank Kenya, marking a swift return to the country’s banking industry after ending his three-decade career at Absa. In a statement issued on Monday, I&M Group announced that Mohamed’s appointment had received the approval of the Central Bank of Kenya. The appointment comes just hours after Mohamed officially exited Absa Bank Kenya, where he concluded a 32-year career that saw him rise through the ranks to become Chief Executive Officer and Managing Director. “I&M Group is pleased to announce the appointment…
Author: David Wafula
Actress Dame Penelope Keith, best known for her roles in the classic 1970s British sitcoms The Good Life and To the Manor Born, has died at the age of 86. In a statement, her family said on Monday that she “died peacefully whilst living with cancer at her home in Surrey”. Tributes have been paid by her friends and admirers, with Felicity Kendal, her co-star on The Good Life, remembering her as a “comic genius” who was “a joy to know and work with”. Dame Penelope famously played snobbish suburban neighbour Margo Leadbetter in The Good Life, as well as…
Five people are dead following a shooting at a youth centre in Stade, northern Germany, police have said. Two people have been arrested, one of whom is a suspect, a police spokesperson told the BBC. They have not provided information on the age of the victims or the possible motive of the perpetrator. A number of people were also injured in the shooting but police said there is no further threat to the public. Large numbers of emergency personnel are at the scene. Police have advised people to avoid the area. Stade has a population of around 50,000 people and…
Manchester City have confirmed the appointment of Enzo Maresca as the club’s new head coach, succeeding Pep Guardiola following the Spaniard’s decision to step down. Maresca has signed a three-year contract with the Premier League champions, ending weeks of speculation over who would take charge after Guardiola announced he would leave the club. Manchester City identified the 46-year-old as their preferred candidate and remained patient throughout the recruitment process after the season ended, allowing players and staff to begin their holidays while negotiations continued. Reports indicate City paid compensation of around £17 million to Chelsea to secure Maresca’s services. However,…
Wiper Patriotic Front (WPF) leader and United Opposition co-principal Kalonzo Musyoka has warned the government against proceeding with the proposed sale of part of its shareholding in Safaricom PLC, saying the move would undermine Kenya’s ownership of one of its most strategic national assets. In a statement, Kalonzo argued that the proposed sale of the government’s 15 per cent stake in Safaricom to South Africa’s Vodacom would reduce Kenya to a minority shareholder in what he described as the country’s “crown jewel.” “The proposed sale of Kenya’s 15 per cent stake in Safaricom PLC to Vodacom would reduce the Republic…
President William Ruto has officially opened the 820-metre Ngong Road–Naivasha Road Flyover, describing the Sh3.8 billion project as a major step towards easing traffic congestion and improving mobility in Nairobi. Speaking during the launch, the President said the new flyover demonstrates the government’s commitment to expanding transport infrastructure and addressing chronic traffic challenges in the capital. According to Ruto, the flyover is expected to eliminate one of Nairobi’s most persistent traffic bottlenecks, improving road safety while facilitating the smooth movement of people and goods along one of the city’s busiest transport corridors. He said the project is projected to reduce…
Reza Aslan is an Iranian-American author, religious scholar, television host, and public intellectual with an estimated net worth of $3 million. He has built his wealth through bestselling books, television projects, university teaching, public speaking engagements, and media appearances. Aslan is widely recognized for writing about religion, history, and culture, with works such as Zealot: The Life and Times of Jesus of Nazareth and No God but God: The Origins, Evolution, and Future of Islam. His career has also included hosting television programs and producing documentaries that examine religious traditions around the world. Reza Aslan Net Worth $3 Million Date…
Two illegal firearms and several rounds of ammunition have been voluntarily surrendered by members of the public in Angata Barrikoi, Narok County, days after Interior Cabinet Secretary Kipchumba Murkomen issued a seven-day ultimatum for the handover of illegally held weapons. In a statement issued on Monday, police said a multi-agency security team received the firearms and ammunition on Sunday, June 28, describing the development as a significant milestone in ongoing efforts to restore peace and enhance public safety in the region. “The surrender marks another significant milestone in ongoing efforts to restore peace, enhance public safety, and eliminate illegal weapons…
Louis Farrakhan is an American religious leader, activist, and former musician with an estimated net worth of $5 million. He is best known for serving as the longtime leader of the Nation of Islam (NOI), a Black nationalist religious organization headquartered in Chicago. Over several decades, Farrakhan has become one of America’s most recognizable and controversial religious figures, earning national attention for his speeches, activism, and leadership within the organization. While supporters credit him with promoting Black economic empowerment, self-discipline, and community development, critics have condemned many of his public statements as antisemitic, anti-white, anti-LGBTQ, and conspiratorial. Despite the controversies,…
Stephanie McMahon is an American business executive, professional wrestling personality, and entrepreneur with an estimated net worth of $250 million. This is a combined net worth with her husband, WWE executive and Hall of Fame wrestler Paul “Triple H” Levesque. However, a significant share of the couple’s wealth comes from Stephanie’s ownership of WWE stock and her decades-long executive career with the company. As the daughter of WWE founder Vince McMahon and former WWE CEO Linda McMahon, Stephanie has spent most of her life helping shape one of the world’s biggest sports entertainment organizations. From appearing in iconic wrestling storylines…
Linda McMahon is an American business executive, politician, and entrepreneur with an estimated net worth of $3.2 billion. Much of her wealth is tied to the success of World Wrestling Entertainment (WWE), the sports entertainment company she helped build alongside her husband, Vince McMahon. The family’s fortune received another major boost after WWE merged with UFC in 2023 to create TKO Group Holdings. The McMahons continue to own a substantial stake in the publicly traded company, making them among the wealthiest figures in the entertainment industry. Although many people associate her with WWE, Linda McMahon has also built a successful…
Howard Lutnick is an American businessman and financial executive with an estimated net worth of $2 billion. He built the vast majority of his fortune through his long career at Cantor Fitzgerald, the global financial services firm where he serves as chairman and chief executive officer. Lutnick joined the company immediately after graduating from college in 1983 and steadily rose through the ranks. Over the decades, he acquired a majority economic stake in the privately held firm and now controls its voting interests through Cantor Fitzgerald Group Management. Beyond his business success, Lutnick is widely recognized for rebuilding Cantor Fitzgerald…
Scott Bessent is an American hedge fund manager, investor, and financial executive with an estimated net worth of $700 million. He accumulated his wealth through decades of success in global macro investing, including serving as Chief Investment Officer at Soros Fund Management before launching his own hedge fund, Key Square Group. Bessent has long been regarded as one of Wall Street’s most respected macro investors. His career has included managing billions of dollars for billionaire investor George Soros, founding one of the largest hedge fund startups in recent history, and later entering public service after being nominated to serve as…
George Soros is a Hungarian-American billionaire investor, hedge fund manager, philanthropist, and author with an estimated net worth of $9 billion. Soros accumulated his fortune as the founder of Soros Fund Management, one of the most successful hedge fund firms in financial history. Since its establishment in 1970, the investment firm has reportedly generated more than $30 billion in profits for investors while growing into a global investment powerhouse that manages tens of billions of dollars in assets. Beyond finance, Soros is equally recognized for his philanthropy. Through the Open Society Foundations, he has donated tens of billions of dollars…
Larry Fink is an American billionaire businessman with an estimated net worth of $1 billion. He is best known as the co-founder, chairman, and chief executive officer of BlackRock, the world’s largest asset management company, overseeing more than $10 trillion in assets under management. Since helping establish BlackRock in 1988, Fink has transformed the company into a dominant force in global finance. His wealth comes primarily from his ownership stake in BlackRock, along with decades of executive compensation, stock awards, and investment gains. Larry Fink Net Worth $1 Billion Date of Birth November 2, 1952 Place of Birth Van Nuys,…