Kenyan tycoon Paul Ndung'u's Car & General stake soars past KSh 1.6 billion in NSE rally

Billionaires Africa | 15.08.2026 02:00
Paul Wanderi Ndung'u has spent the past year in a bruising legal fight over SportPesa, the betting company he helped found. A quieter bet has done far better. The Kenyan tycoon's stake in Car & General, the Nairobi-listed motorcycle and financing group, has ballooned in value as the stock staged one of the biggest rallies on the exchange.