Kenyan tycoon Jimnah Mbaru, the chairman of Dyer and Blair Investment Bank, has gained 3 million since the start of the year as shares of Britam rallied on the Nairobi Securities Exchange NSE, signaling confidence in the Kenya-based diversified financial services group.
Mbaru, one of Kenyas most respected figures, holds a 5.15-percent stake in Britam, equal to roughly 130 million shares. Since January, his holdings have increased by about Ksh390 million 3.02 million, driven by the sustained recovery of Britams stock on the local bourse.
Britams strong regional footprint