Tanzania tycoons buy stake in Kenyan oil marketing firm
A KenolKobil fuel station in Nairobi. Tanzanian billionaires Aunali and Sajjad Rajabali now rank ninth in the oil marketer's list of top 10 investors after buying
a 2.06 per cent stake. PHOTO| FILE
Tanzanian billionaires Aunali and Sajjad Rajabali have bought 30.2 million shares equivalent to a 2.06 per cent stake in KenolKobil, rising to the list of the oil marketer’s top shareholders.
The shares have a market value of Ksh378 million ($3.78 million) and have seen the Rajabalis rank ninth in Kenol’s list of top 10 investors, according to the company’s latest annual report.
