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Kenyan tycoon Jimnah Mbaru, the chairman of Dyer and Blair Investment Bank, has gained $3 million since the start of the year as shares of Britam rallied on the Nairobi Securities Exchange (NSE), signaling confidence in the Kenya-based diversified financial services group.
Mbaru, one of Kenya’s most respected figures, holds a 5.15-percent stake in Britam, equal to roughly 130 million shares. Since January, his holdings have increased by about Ksh390 million ($3.02 million), driven by the sustained recovery of Britam’s stock on the local bourse.
Britam’s strong regional footprint
With operations in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique and Malawi, Britam Holdings is one of East Africa's top asset management and insurance companies. Its regional presence and growth have kept investors bullish throughout the year.
On the NSE, Britam’s stock has risen 51.7 percent since the start of the year, climbing from Ksh5.8 ($0.045) at the start of 2025 to Ksh8.8 ($0.068). This propelled the company’s market cap to $171.7 million, making it one of the top-performing stocks on the exchange this year.
A notable gain for Mbaru
As a result of the share rally, the market value of Mbaru’s stake rose from Ksh754 million ($5.84 million) on Jan. 1 to Ksh1.14 billion ($8.85 million) at the time of this report, marking a gain of Ksh390 million ($3.02 million) since the start of the year.
Following a period of slower growth and currency pressures, the increase highlights the financial sector's renewed strength in Kenya. Britam's steady recovery and increased investor confidence in Nairobi's capital markets are both reflected in Mbaru's gains.
