10 richest people on the Nairobi Securities Exchange in November 2023
According to the latest list, well-known Kenyan business figures like John Kimani, James Mwangi and Gideon Muriuki have taken a hit in their wealth so far this year.
Baloobhai Patel
Kenyan tycoon Baloobhai Patel’s stake in Absa Kenya is down by more than $1 million
Patel holds a total of 50.06 million shares in Absa Bank Kenya, equivalent to a 0.92-percent stake.
Uganda tax penalty deals blow to cement firm owned by Kenyan tycoon Baloobhai Patel
Patel, a Kenyan multimillionaire with diverse investment interests, owns a 4.12-percent stake in Bamburi Cement.
Kenyan tycoon Baloobhai Patel acquires 2.5 million shares in Absa Kenya
At the current market price, Patel’s stake in Absa Kenya is estimated to be worth $4.31 million.
7 companies owned by Baloobhai Patel, one of Kenya’s richest investors
In a bid to ensure a strong legacy for his family’s wealth and investments, Patel has initiated a comprehensive restructuring process to consolidate his equity positions.
Kenyan multimillionaire Baloobhai Patel boosts stake in Williamson Tea
Patel is one of the largest investors on the Nairobi Stock Exchange with a portfolio that has a current value exceeding $24 million.
Absa Kenya linked to Kenyan tycoon Baloobhai Patel secures $50-million loan from parent firm
Patel, who is known for his investments in various sectors, holds a significant stake in Absa Bank Kenya.
Kenyan tycoon Baloobhai Patel boosts bank holdings with 5 million shares in Absa Kenya
Patel’s stake in Absa Bank Kenya has risen from 42.5 million shares to 47.5 million shares.
Kenyan tycoon Baloobhai Patel transfers $1.62-million stake in Sanlam Kenya to Aksaya
This comes shortly after Patel transferred his 4.12-percent stake in Bamburi Cement to Aksaya, his private investment office.
Baloobhai Patel-linked Bamburi Cement sees profit dip below $2 million
In 2022, Patel acquired an additional 7.9 million shares worth $2.52 million in Bamburi Cement.
Kenyan businessman Baloobhai Patel acquires additional $1.38-million stake in Co-op Bank
Patel has solidified his position as a major player in the Kenyan financial sector with his latest acquisition.
Kenyan tycoon Baloobhai Patel’s Carbacid smashes expectations with $3.2-million profit in 2022
Patel owns a 49.9-percent stake in Carbacid Investments Limited.
Bank linked to Kenyan businessman, Baloobhai Patel to pay couple $1.9 million for fraudulent shares sale
Patel owns one percent of Absa Bank Kenya, a subsidiary of Absa Group Limited of South Africa.
Kenyan tycoon Baloobhai Patel finds loophole to avoid paying tax on Carbacid stake
Patel is a leading Kenyan tycoon and serial investor.
Kenyan mogul Baloobhai Patel to restructure holdings in NSE-listed companies
The successful businessman also has stakes in Williamson Tea Kenya, Diamond Trust Bank Group, and Safaricom.
Kenyan industrialist Baloobhai Patel buys additional $647,200 stake in Co-operative Bank
The new shares represent a significant increase in his portfolio.