Kenya’s Jimnah Mbaru Earns $1.2M in Just Over a Month

Kenyan tycoon Jimnah Mbaru, chairman of Dyer and Blair Investment Bank, has seen his net worth skyrocket in the last 37 days thanks to a recent jump in the market value of his investment in Britam Holdings, a Kenya-based diversified financial services firm.

Since March 7, the market value of Mbaru’s stake in Britam Holdings has increased by Ksh 166.40 million ($1.28 million), indicating that investors remain interested in the firm.

Britam Holdings has a significant presence in the region, operating through subsidiaries in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique, and Malawi.

Its share price on the Nairobi Securities Exchange has risen significantly in recent times, from Ksh4.48 ($0.035) on March 7 to Ksh5.76 ($0.04), representing a spectacular 28.57 percent gain for shareholders and bringing the group’s market capitalization past $110 million.

Jimnah Mbaru, a non-executive director of Britam Holdings Ltd., owns a 5.15 percent stake in the firm, which consists of 130 million shares.Mbaru strategically sold 64.8 million shares in June 2023, profiting from his investment.

Jimnah Mbaru’s interest in Britam is now worth Ksh748.8 million ($5.77 million), up from Ksh582.4 million ($4.49 million) on March 7, representing a Ksh166.4 million ($1.28 million) rise.

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