Nairobi, Sept. 13 -- Billionaire investor John Kibunga Kimani has acquired additional shares worth Sh48.8 million in Centum Investment Company Plc, raising his stake above five percent.

Centum's latest annual report shows Mr Kimani's stake hit 34.69 million shares or 5.21 percent in the year ended March 2023, up from 4.39 percent at the end of March last year.

The new 5.46 million shares have taken his stake in the firm to Sh310.2 million, going by Centum's share price of Sh8.94 at the close of trading on Tuesday.

Mr Kimani's new shares have deepened his position as Centum's third-largest shareholder after the estate of the late entrepreneur Chris Kirubi and State-owned Kenya Development Corporation, which kept their stakes at 30.94 pe...