Wealthy investors book Sh40bn gains on NSE rally

Billionaire investors Muhoho Kenyatta (top, left) James Mwangi, Suresh Raja Sha, Baloobhai Patel (bottom, left), John Kibunga and Gideon Muriuki.

Photo credit: File | NMG

Wealthy investors in the stock market have booked Sh39.51 billion paper gains on their shares at the Nairobi Securities Exchange (NSE) in the past 12 months to Wednesday, cementing the bourse’s reputation as one of the quickest paths to prosperity.

The billionaire investors include bank executives James Mwangi and Gideon Muriuki, the Kenyatta and Ndegwa families, the Shah family of I&M Group and long-term market investors Baloobhai Patel and John Kibunga Kimani.

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