John Kimani, one of Kenya’s richest men, boosts Centum stake to $8.2 million
Kenyan tycoon John Kimani raises his Centum stake to $8.2 million, strengthening his influence in Nairobi’s investment scene.
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Kenyan tycoon John Kimani raises his Centum stake to $8.2 million, strengthening his influence in Nairobi’s investment scene.
Kakuzi, partly owned by tycoon John Kimani, partners with Siaya County to boost avocado and macadamia farming, aiming to lift rural incomes.
Kenyan agribusiness Kakuzi sees weaker profit in H1 2025 despite surging turnover from macadamia and blueberry sales.
His latest investment strengthens his position as Centum’s third-largest shareholder and reinforces his presence on the NSE.
Beyond Kakuzi, he holds a 5.21 percent stake in Centum Investments and 3.86 percent in Nation Media Group, spreading his bets across multiple sectors.
John Kimani, has seen his shares in Kakuzi surpass $22 million (Ksh2.87 billion), marking a gain of Ksh383.4 million ($2.97 million) in just eight days.
Kimani, a significant shareholder with a 33.3-percent stake in Kakuzi, is positioned to receive a substantial portion of the group’s dividend payout.
His move comes as shares remain attractively priced on the Nairobi Securities Exchange.
The Capital Markets Authority (CMA) has summoned top executives, including Kimani and Kakuzi Managing Director Christopher Flower.
The businessman’s increased stake further solidifies his position as one of the leading investors on the Nairobi Securities Exchange.
As one of the leading investors on the Nairobi Securities Exchange, Kimani holds a significant 34.54 percent of Kakuzi, or 6,762,133 ordinary shares.
John Kimani’s recent acquisition reflects his continued commitment to expanding his investment portfolio in Kenya’s thriving business landscape.
Despite this setback, Kimani retains his position as one of the wealthiest investors on the Nairobi Securities Exchange.
Kimani owns 34.54 percent of Kakuzi, or 6,762,133 ordinary shares, in the agricultural cultivation and manufacturing company.