Biography Of Jimnah Mbaru (Age , Wife , Net Worth)

Biography Of Jimnah Mbaru (Age , Wife , Net Worth) – He is a Kenyan banking mogul, who lost Ksh292.2 million ($2.46 million) from his investment in Britam Holdings, a Nairobi-based investment firm.

Britam Holdings is an East and Southern African financial services and investment business with activities in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique, and Malawi.

Aside from its extensive financial asset holdings, the firm provides a wide range of financial goods and services in insurance, asset management, banking, and property. Its property portfolio is diverse, encompassing shopping malls, restaurants, housing, student housing, and offices.

Mbaru, the chairman of Dyer and Blair Investment Bank and a seasoned investment banker, holds a substantial 7.72 percent position in Britam Holdings, totaling 194,800,100 ordinary shares.

The market value of his stake in Britam has fallen below $10 million for the first time since he began amassing shares, as investors continue to reduce their exposure to risky assets, particularly equities, as part of a move to preserve wealth and channel capital into investments and assets that can serve as a hedge against inflation.

Shares in the Nairobi-based investment holding decreased from Ksh7.5 ($0.0633) on January 1 to Ksh6 ($0.0506) on July 21, resulting in a 20% loss for stockholders, according to Nairobi Securities Exchange statistics.

The market value of Mbaru’s 7.72-percent shareholding has dropped by Ksh292.2 million ($2.46 million) as a result of Britam’s 20% reduction in share price, from Ksh1.46 billion ($12.32 million) at the start of the year to Ksh1.17 billion ($9.85 million) at the time of writing.

Despite a $1 million decline in Britam shares year to far, Mbaru remains one of the Nairobi Securities Exchange’s richest investors.