Nairobi, Feb. 6 -- Billionaire investor John Kibunga Kimani has bought an additional 10.8 million shares of Centum Investment Company Plc currently worth Sh90.7 million, raising his stake in the firm that remains undervalued in the market.

Regulatory filings show that Dr Kimani raised his holdings in the investment firm to 45.5 million shares in December 2023, up from 34.6 million in March 2023. This saw his stake rise from 5.21 percent to a new high of 6.84 percent, ranking him third after the estate of the late businessman Chris Kirubi (30.82 percent) and the State-owned Kenya Development Corporation (22.96 percent).

Dr Kimani, a long-term investor on the Nairobi Securities Exchange (NSE), has been buying shares of Centum and other fi...