Kakuzi stock hits new high after Kibunga snap up

The share price of agricultural firm Kakuzi has rallied to an all- time high of Sh423.50, boosted by news that billionaire investor John Kibunga Kimani has purchased an additional stake worth Sh101 million.

Kakuzi has bucked the trend among the six plantation stocks at the Nairobi Securities Exchange (NSE) as the only one with a price gain in the year-to-date, up 36.6 percent since January.