The $1-million drop in Muriuki’s stake can be attributed to a nearly 10-percent decline in Co-op Bank Group’s shares.
Kenyan banking magnate
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Muriuki ranks among the wealthiest investors on the Nairobi Securities Exchange.
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Muriuki derives the majority of his wealth from his two-percent stake in Co-operative Bank Group.
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Kenyan banker Gideon Muriuki’s Co-op Bank posts record earnings, as profits exceed $130 million
Muriuki owns a two-percent stake in the leading financial services group.
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Mbaru owns a substantial 7.72-percent stake in Britam Holdings.
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Mbaru is one of Kenya’s wealthiest businessmen.