Home » Kenyan investor John Kimani sees stake in Nation Media Group rise by $333,400

Kenyan investor John Kimani sees stake in Nation Media Group rise by $333,400

by Editorial Team

The shares of prominent Kenyan businessman John Kimani in Nation Media Group have recorded a $333,400 (Ksh36.0 million) increase in value over 23 days.

Nation Media Group is East Africa’s largest media conglomerate with a focus on Kenya, Uganda, Tanzania and Rwanda. Kimani is the group’s largest shareholder, with an ownership stake of about 2.35 percent.

The company uses its industry-leading operating scale and brands to create, package and deliver high-quality content on a multi-platform basis.

A recent hunt for bargain deals on the Nairobi Stock Exchange created bullish sentiment among investors for the group’s shares, resulting in a 56-percent rise in Nation Media Group’s share price.

The gains have returned tremendous value to shareholders, as the group’s share price increased from $0.13 (Ksh14.50) on May 12 to $0.21 (Ksh22.60) as of the close of the bourse today, June 4.

Kimani’s stake in Nation Media Group amounts to 4,438,433 issued ordinary shares and is valued at $930,256 (Ksh100.3 million).

The gains have led to an increase in their market value from $596,846 (Ksh64.4 million) on May 12 to $930,256 (Ksh100.3 million) at close of market today.

This translates to a $333,410 (Ksh35.9 million) increase for the Kenyan investor in 23 days, or an average gain of about $14,496 (Ksh 1.6 million) per day since May 12.

John Kimani

Kimani is known in the Kenyan equity market for acquiring large stakes in local blue-chip companies and holding them for the long term. His investment philosophy has returned tremendous value over the years.

Aside from Nation Media Group, Kimani also also owns a stake in Kakuzi Plc, East African Breweries Limited and the mobile telecom giant, Safaricom.

You may also like


The world’s premier source of news on Africa’s billionaires and UHNWIs.


Get the daily email to stay informed about African billionaires and UHNWIs. Get informed and entertained, for free.

Latest News

@2024 – Billionaires.Africa. All Rights Reserved.