Kenyan banking mogul James Mwangi suffers $3.8 million loss in just 60 days
The recent drop in Mwangi’s stake has pared his earlier gains this year to a loss of nearly $1.5 million.
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The recent drop in Mwangi’s stake has pared his earlier gains this year to a loss of nearly $1.5 million.
Equity Group is the largest financial services conglomerate in East Africa.
Mwangi owns a sizable 3.38-percent stake in Equity Group.
Mwangi owns a sizable 3.38-percent stake in Equity Group.
Equity Group is the largest financial services conglomerate in East Africa.
Mwangi owns a sizable 3.38-percent stake in Equity Group.
Kenya is suffering from its worst drought in decades.
Kenyan billionaire Mwangi owns a sizable 3.38-percent stake in Equity Group.
Mwangi owns 3.38 percent of the financial services group.
Mwangi owns a sizable 3.38-percent stake in Equity Group.
The acquisition could present additional challenges and opportunities to Equity Group.
Mwangi’s 3.38-percent share in Equity Group is valued at $51.3 million at the current market price.
Mwangi’s 3.38-percent stake has now risen in value to $51.71 million.
Under Mwangi’s leadership, Equity Group has grown into the largest financial services group in East and Central Africa.
Mwangi’s loss comes on the heels of a reduced appetite for emerging market shares.
Its total investment in the country is now $148.4 million.