Shares of the little-known Nairobi Business Ventures (NBV) have staged the biggest short-term rallies on the history of the Nairobi bourse, lifting the wealth of its founders by hundreds of millions of shillings and benefiting early speculators.
The company, which used to sell the K-Shoe brand of shoes, started trading on the Nairobi Securities Exchange (NSE) on June 21, 2016 at a price of Sh5, giving it a market value of Sh118 million.
