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Algérie: mini remaniement gouvernemental, Tebboune cède au caprice de ses enfants
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Govt Tracks Down Kenya s Secret Billionaires
President Uhuru Kenyatta with KRA Director General James Mburu at a past event
PSCU
The government has put pressure on Kenyan companies to disclose their secret investors and shareholders.
The new regulation has made it mandatory for wealthy individuals who own more than 10 percent shares of registered companies to disclose their information.
KRA, security agencies and the Financial Reporting Centre (FRC) will have access to KRA PINs, national ID or passport copies, postal addresses, residential addresses, occupations, telephone numbers and the date when the investors became beneficial owners of the said companies.
File image of Nairobi Securities Exchange Market
There s been a shakeup or two on the list of Africa s richest people this year. After a nine-year reign as the richest man in Africa, Nigeria s Aliko Dangote slips to second place. South Africa s Johann Rupert is the new richest person in Africa. South Africa s Nicky Oppenheimer is the third-richest thanks to his family business, DeBeers diamonds. Africa s billionaires, like other places in the world, have fared just fine during the global pandemic.
Missing from this list is Isabel dos Santos. She s been the subject of ongoing probes into the corruption and nepotism that turned her into the richest woman in Africa. Her former multi-billion fortune has been seized due to a number of legal actions against her in Angola and Portugal. The attorney general of Angola charged Dos Santos with embezzlement and money laundering. As if all that wasn t enough for Isabel to deal with she s also dealing with the loss of her husband, Sindika Dokolo, who reportedly died in a scuba diving accident