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    Why Ruto May Not Be Sworn in Even if He Wins

    Why Ruto May Not Be Sworn in Even if He Wins

    READ: Did you know that the law now recognises Intersex children?

    Breaking: Judiciary fund operationalised 12 years later

    Rwandan’s in Diaspora Deposit Sh926 million

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    List of LG products that can be controlled and monitored via a mobile App

    Jiji Kenya Bags Two Awards on Safety and Classifieds Categories

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    Why IEBC Didn’t Print Special Ballot Papers for the Visually Impaired

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    Business Tycoon Eyeing MP Seat Caught Up  in Sh300m fraud Case

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    LG unveils 2022 Side-by-Side and Top Freezers Refrigerator Lineup

    LG unveils 2022 Side-by-Side and Top Freezers Refrigerator Lineup

    NCBA launches Sh 2B Electric Vehicle finance deal for customers

    NCBA launches Sh 2B Electric Vehicle finance deal for customers

  • Markets
    Rwandan’s in Diaspora Deposit Sh926 million

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    LG unveils 2022 Side-by-Side and Top Freezers Refrigerator Lineup

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    Mdundo hits 20 million active users across Africa 

    Mdundo hits 20 million active users across Africa 

    NCBA launches Sh 2B Electric Vehicle finance deal for customers

    NCBA launches Sh 2B Electric Vehicle finance deal for customers

    Agilitee Unveils Electric Car to Retail at  Sh1.1Million

    Agilitee Unveils Electric Car to Retail at Sh1.1Million

    More Than a Million Children to Benefit From Sh3.1 billion Program

    More Than a Million Children to Benefit From Sh3.1 billion Program

    BrighterMonday Bags Top E-recruitment Portal of the Year Award 2022

    BrighterMonday Bags Top E-recruitment Portal of the Year Award 2022

    Anti-Counterfeit Authority Names Dr. Mbugua Njoroge as CEO

    Anti-Counterfeit Authority Names Dr. Mbugua Njoroge as CEO

    Technology Sector Partners Launch Digital Talent Program

    Technology Sector Partners Launch Digital Talent Program

  • Real Estate
    Fanaka Real Estate Unveils Foundation to Support Charity Programs

    Fanaka Real Estate Unveils Foundation to Support Charity Programs

    HFC launches Ultimate Banking for Customers in Kenya and Diaspora

    HFC launches Ultimate Banking for Customers in Kenya and Diaspora

    Centum Re Debt Status Analysis As Of 30th September 2021

    Centum Real Estate Posts Sh650M Operating Profit For The Year Ended 31st March 2022

    centum

    How the students have benefited from Centum PLC

    National Construction Authority Suspends Licences of 18 Contractors

    National Construction Authority Suspends Licences of 18 Contractors

    CCI Global, Gateway Real Estate Africa start Construction of new Contact Centre in Kenya

    CCI Global, Gateway Real Estate Africa start Construction of new Contact Centre in Kenya

    NEMA Re-Introduces Another Tax for Developers

    NEMA Re-Introduces Another Tax for Developers

    Centum Digitalizes Real Estate Sector

    Centum Digitalizes Real Estate Sector

    Superior Homes Launches Reward Program for Investors

    Superior Homes Launches Reward Program for Investors

  • Tech
    Demand for Foldable Smartphones Projected to Increase in 2022

    Demand for Foldable Smartphones Projected to Increase in 2022

    NCBA launches Sh 2B Electric Vehicle finance deal for customers

    NCBA launches Sh 2B Electric Vehicle finance deal for customers

    BrighterMonday Bags Top E-recruitment Portal of the Year Award 2022

    BrighterMonday Bags Top E-recruitment Portal of the Year Award 2022

    Samsung Unveils New Foldable Devices

    Samsung Unveils New Foldable Devices

    Samsung Unveils 2022 Electronics Line-Up Packed With New Innovations

    Samsung Unveils 2022 Electronics Line-Up Packed With New Innovations

    Gadgets: Immerse Yourself into The Amazing LG Home Audio Systems

    Gadgets: Immerse Yourself into The Amazing LG Home Audio Systems

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    OPPO Find X5: Futuristic Technology Meets Ultra-Modern Design

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    TikTok Moves to Tame Misinformation Ahead Of August Polls

    Nokia Adds more Devices to its 2022 Gadget Potfolio

    Nokia Adds more Devices to its 2022 Gadget Potfolio

  • World Business
    Kenyan Lands Ksh 2.6 Trillion Construction Project in Saudi Arabia

    Kenyan Lands Ksh 2.6 Trillion Construction Project in Saudi Arabia

    Former Japanese prime minister Shinzo Abe has been shot

    Former Japanese prime minister Shinzo Abe has been shot

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    Why Mercedes Benz is Recalling Their Old Models

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    Cold comfort awaits a springtime Davos

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    Meet The Richest Man Who Can Fund Kenya’s Budget Alone for 10years

    EA Sports End 29 Years of Video Game Partnership With FIFA

    EA Sports End 29 Years of Video Game Partnership With FIFA

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    Central African Republic Adopts Bitcoin as an Official Currency

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    Netflix Stock Collapses After Losing 200,000 Subscribers

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    KenGen: How Dams Prevent Flooding – A Tale Of The Seven Forks Dam Cascade

    KenGen: How Dams Prevent Flooding – A Tale Of The Seven Forks Dam Cascade

    KBL Invests Sh76 Million In A National Consumer Promotion

    KBL Invests Sh76 Million In A National Consumer Promotion

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    ‘Jua Kali’ Traders Equipped on How to Access to Global Markets

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    CIC Insurance Profits Rise 38 Percent to Sh464

    LG unveils 2022 Side-by-Side and Top Freezers Refrigerator Lineup

    LG unveils 2022 Side-by-Side and Top Freezers Refrigerator Lineup

    Kenyan Consumers to enjoy 20-minute delivery from Jumia Food

    Kenyan Consumers to enjoy 20-minute delivery from Jumia Food

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    BURN Cookstoves Awarded ISO 9001:2015 Certification for High-Quality Standards  

    General Insurers pay claims worth Sh16.85Bn in three months

    General Insurers pay claims worth Sh16.85Bn in three months

    Agilitee Unveils Electric Car to Retail at  Sh1.1Million

    Agilitee Unveils Electric Car to Retail at Sh1.1Million

    • Agribusiness
    • Banking
      Britam settles on veteran Tom Gitogo as CEO

      Britam settles on veteran Tom Gitogo as CEO

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      Faulu Revamps of its Trade Finance Solutions

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      Zamara Feted as the Overall Best Insurance Broker of the Year

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    • Opinion
      Is KRA to Blame For Deaths Caused By Illicit Brews?

      Is KRA to Blame For Deaths Caused By Illicit Brews?

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      Opinion: Deploying contemporary Information Technology solutions for Academic Delivery

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      How COVID-19 Impacted the Adoption of Digital Health Technology

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      Why Kenyan Economy is headed Pakistan direction

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      Lifestyle innovation is making home-life healthier for families

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      Car Loans Offering Convenient Mobility To Middle And Low-Income Families

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      OPINION: Africa’s War to Secure the Internet  

      Prioritize long-term energy cost reduction for sustained industry growth

      Prioritize long-term energy cost reduction for sustained industry growth

Kenyan Business Feed
  • Home
  • News
    Why Ruto May Not Be Sworn in Even if He Wins

    Why Ruto May Not Be Sworn in Even if He Wins

    READ: Did you know that the law now recognises Intersex children?

    Breaking: Judiciary fund operationalised 12 years later

    Rwandan’s in Diaspora Deposit Sh926 million

    Rwandan’s in Diaspora Deposit Sh926 million

    List of LG products that can be controlled and monitored via a mobile App

    Jiji Kenya Bags Two Awards on Safety and Classifieds Categories

    Jiji Kenya Bags Two Awards on Safety and Classifieds Categories

    Why IEBC Didn’t Print Special Ballot Papers for the Visually Impaired

    Why IEBC Didn’t Print Special Ballot Papers for the Visually Impaired

    Business Tycoon Eyeing MP Seat Caught Up  in Sh300m fraud Case

    Business Tycoon Eyeing MP Seat Caught Up in Sh300m fraud Case

    LG unveils 2022 Side-by-Side and Top Freezers Refrigerator Lineup

    LG unveils 2022 Side-by-Side and Top Freezers Refrigerator Lineup

    NCBA launches Sh 2B Electric Vehicle finance deal for customers

    NCBA launches Sh 2B Electric Vehicle finance deal for customers

  • Markets
    Rwandan’s in Diaspora Deposit Sh926 million

    Rwandan’s in Diaspora Deposit Sh926 million

    LG unveils 2022 Side-by-Side and Top Freezers Refrigerator Lineup

    LG unveils 2022 Side-by-Side and Top Freezers Refrigerator Lineup

    Mdundo hits 20 million active users across Africa 

    Mdundo hits 20 million active users across Africa 

    NCBA launches Sh 2B Electric Vehicle finance deal for customers

    NCBA launches Sh 2B Electric Vehicle finance deal for customers

    Agilitee Unveils Electric Car to Retail at  Sh1.1Million

    Agilitee Unveils Electric Car to Retail at Sh1.1Million

    More Than a Million Children to Benefit From Sh3.1 billion Program

    More Than a Million Children to Benefit From Sh3.1 billion Program

    BrighterMonday Bags Top E-recruitment Portal of the Year Award 2022

    BrighterMonday Bags Top E-recruitment Portal of the Year Award 2022

    Anti-Counterfeit Authority Names Dr. Mbugua Njoroge as CEO

    Anti-Counterfeit Authority Names Dr. Mbugua Njoroge as CEO

    Technology Sector Partners Launch Digital Talent Program

    Technology Sector Partners Launch Digital Talent Program

  • Real Estate
    Fanaka Real Estate Unveils Foundation to Support Charity Programs

    Fanaka Real Estate Unveils Foundation to Support Charity Programs

    HFC launches Ultimate Banking for Customers in Kenya and Diaspora

    HFC launches Ultimate Banking for Customers in Kenya and Diaspora

    Centum Re Debt Status Analysis As Of 30th September 2021

    Centum Real Estate Posts Sh650M Operating Profit For The Year Ended 31st March 2022

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    How the students have benefited from Centum PLC

    National Construction Authority Suspends Licences of 18 Contractors

    National Construction Authority Suspends Licences of 18 Contractors

    CCI Global, Gateway Real Estate Africa start Construction of new Contact Centre in Kenya

    CCI Global, Gateway Real Estate Africa start Construction of new Contact Centre in Kenya

    NEMA Re-Introduces Another Tax for Developers

    NEMA Re-Introduces Another Tax for Developers

    Centum Digitalizes Real Estate Sector

    Centum Digitalizes Real Estate Sector

    Superior Homes Launches Reward Program for Investors

    Superior Homes Launches Reward Program for Investors

  • Tech
    Demand for Foldable Smartphones Projected to Increase in 2022

    Demand for Foldable Smartphones Projected to Increase in 2022

    NCBA launches Sh 2B Electric Vehicle finance deal for customers

    NCBA launches Sh 2B Electric Vehicle finance deal for customers

    BrighterMonday Bags Top E-recruitment Portal of the Year Award 2022

    BrighterMonday Bags Top E-recruitment Portal of the Year Award 2022

    Samsung Unveils New Foldable Devices

    Samsung Unveils New Foldable Devices

    Samsung Unveils 2022 Electronics Line-Up Packed With New Innovations

    Samsung Unveils 2022 Electronics Line-Up Packed With New Innovations

    Gadgets: Immerse Yourself into The Amazing LG Home Audio Systems

    Gadgets: Immerse Yourself into The Amazing LG Home Audio Systems

    OPPO Find X5: Futuristic Technology Meets Ultra-Modern Design

    OPPO Find X5: Futuristic Technology Meets Ultra-Modern Design

    TikTok Moves to Tame Misinformation Ahead Of August Polls

    TikTok Moves to Tame Misinformation Ahead Of August Polls

    Nokia Adds more Devices to its 2022 Gadget Potfolio

    Nokia Adds more Devices to its 2022 Gadget Potfolio

  • World Business
    Kenyan Lands Ksh 2.6 Trillion Construction Project in Saudi Arabia

    Kenyan Lands Ksh 2.6 Trillion Construction Project in Saudi Arabia

    Former Japanese prime minister Shinzo Abe has been shot

    Former Japanese prime minister Shinzo Abe has been shot

    The World Bank to create a pandemic prevention fund

    The World Bank to create a pandemic prevention fund

    Why Mercedes Benz is Recalling Their Old Models

    Why Mercedes Benz is Recalling Their Old Models

    Cold comfort awaits a springtime Davos

    Cold comfort awaits a springtime Davos

    Meet The Richest Man Who Can Fund Kenya’s Budget Alone for 10years

    Meet The Richest Man Who Can Fund Kenya’s Budget Alone for 10years

    EA Sports End 29 Years of Video Game Partnership With FIFA

    EA Sports End 29 Years of Video Game Partnership With FIFA

    Central African Republic Adopts Bitcoin as an Official Currency

    Central African Republic Adopts Bitcoin as an Official Currency

    Netflix Stock Collapses After Losing 200,000 Subscribers

    Netflix Stock Collapses After Losing 200,000 Subscribers

  • KBF
    • All
    • Agribusiness
    • Banking
    • Insurance
    • Manufacturing
    • Opinion
    KenGen: How Dams Prevent Flooding – A Tale Of The Seven Forks Dam Cascade

    KenGen: How Dams Prevent Flooding – A Tale Of The Seven Forks Dam Cascade

    KBL Invests Sh76 Million In A National Consumer Promotion

    KBL Invests Sh76 Million In A National Consumer Promotion

    ‘Jua Kali’ Traders Equipped on How to Access to Global Markets

    ‘Jua Kali’ Traders Equipped on How to Access to Global Markets

    CIC Insurance Profits Rise 38 Percent to Sh464

    CIC Insurance Profits Rise 38 Percent to Sh464

    LG unveils 2022 Side-by-Side and Top Freezers Refrigerator Lineup

    LG unveils 2022 Side-by-Side and Top Freezers Refrigerator Lineup

    Kenyan Consumers to enjoy 20-minute delivery from Jumia Food

    Kenyan Consumers to enjoy 20-minute delivery from Jumia Food

    BURN Cookstoves Awarded ISO 9001:2015 Certification for High-Quality Standards  

    BURN Cookstoves Awarded ISO 9001:2015 Certification for High-Quality Standards  

    General Insurers pay claims worth Sh16.85Bn in three months

    General Insurers pay claims worth Sh16.85Bn in three months

    Agilitee Unveils Electric Car to Retail at  Sh1.1Million

    Agilitee Unveils Electric Car to Retail at Sh1.1Million

    • Agribusiness
    • Banking
      Britam settles on veteran Tom Gitogo as CEO

      Britam settles on veteran Tom Gitogo as CEO

      I&M Bank Launches Single Regional Account and Real-Time Payments Platform

      I&M Bank Launches Single Regional Account and Real-Time Payments Platform

      Absa Set for Sh2 Billion Digital Systems Upgrade

      Absa Set for Sh2 Billion Digital Systems Upgrade

      How are Metropolitan National Sacco services? Give feedback here

      How much money have you saved this year?

      Absa hosts women entrepreneurs for the PanAfrican InspireME Conference

      Absa hosts women entrepreneurs for the PanAfrican InspireME Conference

      Family Bank, Aqua to Advance More  Financing to SME’s in The Water Space

      Family Bank, Aqua to Advance More Financing to SME’s in The Water Space

      How Co-op Bank’s eCommerce Solution Has Led To Smooth Running Of Businesses

      Co-op Bank And Its eCommerce Solution For Businesses

      Kuscco’s George Magutu appointed to head global cooperatives body

      Kuscco’s George Magutu appointed to head global cooperatives body

      Faulu Revamps of its Trade Finance Solutions

      Faulu Revamps of its Trade Finance Solutions

    • Insurance
      CIC Insurance Profits Rise 38 Percent to Sh464

      CIC Insurance Profits Rise 38 Percent to Sh464

      Faulu Revamps of its Trade Finance Solutions

      Faulu Revamps of its Trade Finance Solutions

      Zamara Feted as the Overall Best Insurance Broker of the Year

      Zamara Feted as the Overall Best Insurance Broker of the Year

      How Rot in The Insurance Sector is Exposing Kenyans to Lose Funds

      How Rot in The Insurance Sector is Exposing Kenyans to Lose Funds

      APA Life Assurance Partners With Craydel To Financially Empower Students

      APA Life Assurance Partners With Craydel To Financially Empower Students

      Kenya Orient Life Assurance Bags ‘Pension Marketing Campaign of The Year’ Award

      Kenya Orient Life Assurance Bags ‘Pension Marketing Campaign of The Year’ Award

      Jubilee Acquires Additional Stake in SEACOM

      Jubilee Acquires Additional Stake in SEACOM

      Over 1000 Women Benefit From Absa, KNCCI Financial Training

      Over 1000 Women Benefit From Absa, KNCCI Financial Training

      Family Bank is The Best in Customer Satisfaction-Survey

      Family Bank is The Best in Customer Satisfaction-Survey

    • Manufacturing
    • Opinion
      Is KRA to Blame For Deaths Caused By Illicit Brews?

      Is KRA to Blame For Deaths Caused By Illicit Brews?

      Opinion: Deploying contemporary Information Technology solutions for Academic Delivery

      Opinion: Deploying contemporary Information Technology solutions for Academic Delivery

      How COVID-19 Impacted the Adoption of Digital Health Technology

      How COVID-19 Impacted the Adoption of Digital Health Technology

      Why Kenyan economy is headed Pakistan direction

      Why Kenyan Economy is headed Pakistan direction

      Opinion: Create favorable conditions for increased value add in manufacturing

      Opinion: Recovery, growth key to creation of jobs in industries

      Lifestyle innovation is making home-life healthier for families

      Lifestyle innovation is making home-life healthier for families

      Car Loans Offering Convenient Mobility To Middle And Low-Income Families

      Car Loans Offering Convenient Mobility To Middle And Low-Income Families

      OPINION: Africa’s War to Secure the Internet  

      OPINION: Africa’s War to Secure the Internet  

      Prioritize long-term energy cost reduction for sustained industry growth

      Prioritize long-term energy cost reduction for sustained industry growth

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Mandla Lamba Eyeing to Make 50,000 African Millionaires

by Neymar
July 30, 2022
in African, KBF
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South African Billionaire, Mandla Lamba who is the founder of Africa’s first Green Revolution and AI Company and the world’s first black owned, Agilitee decided to take Agilitee public through an IPO on the Johannesburg Stock Exchange.

The IPO is advised by AcaciaCap Advisors who have done multiple of such transactions including doing the second listing on the Johannesburg Stock Exchange for 2022.

AcaciaCap Advisors was established based on 20 years of a professional and highly experienced team.

To this day, the company provides a comprehensive range of integrated corporate finance and listing related advisory services to a wide spectrum of entrepreneurial businesses across various industries.

The IPO values Agilitee at $20 billion and Lamba owns 77.5% of the company after giving away 10% of his shares to previously disadvantaged people in Africa.

The billionaire decided to give away 10% worth $2 billion, as of today he has donated $250, 000 000 worth of shares and created a little over 1000 millionaires.

By the end of 2020, China had witnessed a strong economic shock but a ‘V’ shaped economic recovery and growth, the world has never seen. A V-shaped recovery is a quick, sharp improvement in an economy after a sharp decline.

The COVID-19 stricken Asia nation added $1.5 trillion to the wealth of China’s billionaires bringing to $4 trillion the total worth of China’s billionaires, according to a new report which described the increase as the country’s fastest growth ever.

This is attributed to the spate of initial public offers (IPOs) and robust tech growth in recent times.

China’s soaring stock markets, a flood of initial public offerings and surging growth in the sector have been identified as what has helped to fuel the country’s latest wealth boom.

In the United States for instance, it has been observed that since the 1980s when Apple Inc went public, Google in 2004 and Facebook in 2012, instant millionaires were created.

Lamba  took it to his social media platform last night that he has crated 1000 millionaires for the glory of God and said he will continue until 50, 000 millionaires Pre-IPO.

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Some of the greatest benefactors of these shares have been the members of club Mandla Lamba Billionaires Club (MLBC) where over 300 millionaires have been created. The Billionaire who has a heart of gold has taken leave from work effective today as is first holiday in three years.

The philanthropist early this month announced that Agilitee will give away electric scooters to the less privileged youths and school going children to alleviate poverty.

Visionary and fast rising entrepreneur  Agilitee founder Mandla Lamba who grew in very poor village where he walked 30 kilometres barefooted to school could not hold his tears as he announces the initiative on his Facebook page to help school going kids with electric scooters to help them navigate the long distances.

This comes right after Agilitee appointed the media mogul Prof JJ Tabane as the new Chairman for global operations. Prof Tabane has been with Agilitee for 2 years as an advisor and is also now a billionaire through Agilitee with a net worth of R2.1 billion.

Also joining Tabane on the board are top labour expert, Professor Mthunzi Mdabwa (Chair of Productivity SA) and Ms Delene Mark (CEO of Hope Africa), Dr Noour Ali Zaheer (CEO of Agilitee Asia Limited) and Mr Raynard French (Senior IT Business Partner in Dallas Texas) amongst other top executives appointed to join the Global board.

Recently the Electric Vehicles manufacturer, Agilitee announced an integrated system to charge cars in apartments and townhouses as a back to raging power cuts that is affecting the region.

The charging system help new properties and already developed real estates to convert their parking bays into EV Charging Facilities and Back Up electricity for their estates.

This initiative comes after South Africa’s Eskom struggling to generate sufficient power due to neglected maintenance, and high indebtedness of the state-owned power utility resulting into extensive power cuts

The company has also came up with a fastest EV Charger in the whole world that can fully charge an electric car within 5 to 15 minutes depending on the motor.

Data from Statista indicates that South Africa is the most advanced e-mobility market in Africa with about 1,000 electric vehicles (EVs) in January 2022 or about 0.008% of its national automobile fleet.


Kenyan Business Feed is the top Kenyan Business Blog. We share news from Kenya and across the region. To contact us with any alert, please email us to [email protected]

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