Biography Of John Kimani (Age , Wife , Net Worth) - During today’s Nairobi Securities Exchange trading session, Kenyan media mogul and multimillionaire businessman John Kimani’s share in Kakuzi Plc fell in value by more than $1.6 million after investors sold their holdings in the company.
John Kimani
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Kimani’s investment in Africa declined by Ksh202.86 million ($1.66 million) during market hours on Friday, Nov. 18, amid a single-digit drop in Kakuzi’s shares.
Kakuzi is an agricultural cultivation company that is listed on the Nairobi Securities Exchange. Avocados, blueberries, macadamia nuts, tea, cattle, and commercial forestry are among the products grown, processed, and sold by the company.
Kimani owns a 34.54 percent ownership in Kakuzi in addition to Centum Investments and Nation Media Group. The renowned businessman acquired an additional 431,434 shares in the Nairobi Stock Exchange-listed agricultural cultivation concern in a $1.41-million block sale roughly two months ago.
Kakuzi’s shares plummeted 7.14 percent during today’s trading session on the Nairobi Stock Exchange, falling from Ksh420 ($3.44) per share to Ksh390 ($3.2) per share at the close of trade.
The market value of Kimani’s shareholding has declined from Ksh2.84 billion at the start of the local exchange this morning to Ksh2.64 billion ($21.6 million) at the time of writing, as a result of the recent dip in the company’s shares during today’s trading session.
During today’s trading session, investors sold off their holdings in the leading avocado exporter after exports were suspended to safeguard immature avocados, causing the company’s shares to fall by over 7%.
Kimani is one of the Nairobi Securities Exchange’s wealthiest investors, despite a recent decline in his holdings.
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