For most of his career, Rasik Kantaria has preferred to work quietly, away from public attention. His manner has always been measured, his decisions deliberate, and his approach rooted in the values of steady banking. Yet this year, the Kenyan businessman has found himself at the center of a rare financial milestoneone that places him in African business history.
Kantaria, the founder and chairman of Prime Bank Limited and Prime Capital Holdings and a co-founder of Mauritius-based FMB Capital Holdings PLC, has become the first Kenyan businessman with a verified fortune above 1 billion. His rise is tied almost entirely to the sharp increase in the value of his stake in FMB Capital Holdings.
FMB Capitals surge fuels Kantaria gains
