Wealthy stock market investors are reaping the benefits of a strong rebound in equities trading that followed last week’s General Election, adding billions to their net worth.
The Nairobi bourse’s billionaire investors such as Baloobhai Patel, Equity Bank’s #ticker:EQTY chief executive officer, James Mwangi, Equity founder Peter Munga, Co-operative Bank #ticker:COOP chief executive Gideon Muriuki, Jimnah Mbaru of Britam #ticker:BRIT, Centum’s #ticker:ICDC Chris Kirubi and the Ndegwa family, who own a large fraction of NIC Bank #ticker:NIC, had taken a big hit in the months leading to the August 8 polls when activity at the Nairobi Securities Exchange (NSE) sunk to an eight-year low.
