Kenyan banking magnate Gideon Muriuki hit by $1.1 million in losses amid Co-op Bank share decline
The $1-million drop in Muriuki’s stake can be attributed to a nearly 10-percent decline in Co-op Bank Group’s shares.
The $1-million drop in Muriuki’s stake can be attributed to a nearly 10-percent decline in Co-op Bank Group’s shares.
Muriuki ranks among the wealthiest investors on the Nairobi Securities Exchange.
Muriuki derives the majority of his wealth from his two-percent stake in Co-operative Bank Group.
Muriuki owns a two-percent stake in the leading financial services group.
Mbaru owns a substantial 7.72-percent stake in Britam Holdings.
Mbaru is one of Kenya’s wealthiest businessmen.