Businessman John Kimani’s stake at Kakuzi PLC has increased in value by 254.2 million since the beginning of the year.
This comes even as shares in the agro-allied company increased by more than 10 percent.
The increase in Kimani’s market value can be attributed to a 10.4-percent increase in the firm’s stock price on the Nairobi Stock Exchange (NSE).
The increase was also as a result of the year-to-date increase in the stock price.
The stock price increased from KSh2.44 billion at the start of the year to KSh 2.7 billion as of March 2022.
As of March 30, the company’s shares were worth KSh 425 per share giving the company a KSh 8.33 billion valuation.
At the beginning of the year, Kakuzi’s stock price was KSh 385.
With stakes worth more than KSh2.3 million in Kakuzi, the increase in the market value of Kimani’s interest in the company makes him one of the wealthiest investors.
Kimani also owns a 2.99 percent stake in Nation Media Group worth KSh124 million and a 1.24 percent stake in Centum Investments worth KSh116 million.