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The billionaires taking on big corporates for a fair shake
Businessmen (from left) Joel Kibe, Ngugi Kiuna and Wainaina Kenyanjui. They are among the activist shareholders who do not hesitate to use their financial muscle to demand what they believe is their right in listed companies.
Sometimes they are openly vocal, but more often they prefer to operate in the shadows, their words only appearing in court papers.
They are part of the so-called minority shareholders who are giving deep-pocketed multinationals a run for their money. Don’t be fooled by the term ‘minority shareholders’ -- their stakes in some of the companies listed on the Nairobi Securities Exchange (NSE) may be small, but they are worth billions. They also have other investments outside the stock market.
