One would easily mistake his second name for a Kenyan from western region, but the Ambani here is 5,013 kilometers away. Where big deals and huge sums of money are involved, his name features too. Last week, Competition Authority of Kenya gave nod to the local unit of French oil firm, Total to acquire Gulf African Petroleum Corporation (Gapco). In 2007, it was Ambani’s RIL, which through its wholly owned subsidiary, Reliance Industries Middle East DMCC that acquired 76 per cent stake in the Mauritius-headquartered oil firm. Through Delta Corporation East Africa, where Ambani’s RIL owns 60 per cent stake, making money and more money has been its business in the real estate space.

Source: Standard Digital February 11, 2017 21:00 UTC