Kenyan Billionaire Ups Investment in Nation Media Group

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Kenyan billionaire investor John Kibunga Kimani has increased his stake in the Nairobi-listed Nation Media Group (NMG) to 1.73 percent.

Kimani was reported to have bought 297,400 shares last year, raising his stake from 1.57 percent to 1.73 percent.

His current total holdings in Nation Media Group is valued at Sh348.6 million, according to the current market share price of Sh107 per share.

According to Business Daily Africa, Kimani is heavily invested in a number of companies including East African Breweries, oil firm Total Kenya, and Centum



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