Table of Contents
Key Points
- Kakuzi Plc’s stock has fallen 8.76% in 13 days, wiping $60 million off its market value on the Nairobi Securities Exchange.
- Kenyan investor John Kimani’s stake in Kakuzi has dropped from $21.92 million to $20 million as the stock continues to slide.
- Despite recent losses, Kakuzi’s stock remains positive for 2025, delivering a 2.86% gain since the start of the year.
Kenyan businessman and multimillionaire investor John Kimani has seen nearly $2 million wiped off the market value of his stake in Kakuzi Plc, an agricultural firm listed on the Nairobi Securities Exchange (NSE).
Kimani, who owns a 33.29 percent stake in Kakuzi—equivalent to 6,525,223 ordinary shares—has taken a hit as the company’s share price continues to slide. In the past 13 days alone, the value of his holdings has dropped by Ksh247.96 million ($1.92 million), reflecting the ongoing decline in Kakuzi’s stock on the NSE.
Kakuzi shares slide 8.76%, market cap falls to $60 million
Kakuzi Plc, known for its premium agricultural exports, including avocados, macadamia nuts, and passion fruits, has also expanded into tea processing, livestock farming, and forestry.
Over the past 13 days, Kakuzi’s shares have fallen 8.76 percent on the Nairobi Securities Exchange, dropping from Ksh434 ($3.36) on Jan. 31 to Ksh396 ($3.07). This decline has wiped out about $60 million in market value, dealing a significant blow to shareholders, including Kenyan investor John Kimani.
Kimani’s stake drops as Kakuzi shares slide
The selloff has erased Ksh437.85 million ($3.39 million) from Kimani’s holdings, bringing the value of his stake down from Ksh2.83 billion ($21.92 million) to Ksh2.58 billion ($20 million) in less than two weeks.
Kimani remains a top investor on the NSE. Beyond Kakuzi, he holds a 5.21 percent stake in Centum Investments and 3.86 percent in Nation Media Group, spreading his bets across multiple sectors.
Your Money and Your Life
Despite the recent slump, Kakuzi remains one of the most valuable stocks on the NSE. The company has gained 2.86 percent in 2025, meaning a $100,000 investment at the start of the year would now be worth $102,860—yielding a $2,860 profit.
