Kenyan investor Baloobhai Patel's shares in Absa Bank Kenya are now worth 15.9 million, making him one of the richest individual investors on the Nairobi Securities Exchange NSE and one of East Africa's richest private shareholders.
At the start of 2025, Patel held 65.03 million shares, representing a 1.2 percent stake in Absa Bank Kenya as of December 31, 2024 . That stake was valued at roughly Ksh1.22 billion 9.5 million. But as the banks stock gained more than 20 percent this year and Patel expanded his holdings, the value of his position rose sharply.
Patel raises Absa Kenya stake to 1.72 percent