The Nairobi Securities Exchange (NSE) is Kenya’s primary bourse and one of the most vibrant capital markets in Africa.
It serves as the marketplace where shares of listed companies are bought and sold, providing opportunities for both institutional and retail investors to participate in wealth creation.
A group of women investors continues to command significant influence at the NSE with portfolios worth billions of shillings anchored in banking, investment, and manufacturing counters.
Below is a look at the richest women on the NSE this year, based on the market value of their publicly disclosed holdings, as ranked by Billionaires Africa.
Mama Ngina Kenyatta
Mama Ngina Kenyatta is the former first lady of Kenya and the mother to the former Kenyan President Uhuru Kenyatta.
She is regarded as the wealthiest woman in Kenya with investments across various sectors, including banking, agriculture, education, real estate, and hospitality, among others.
Her family boasts a portfolio valued at $159.75 million at the NSE, anchored by a substantial 13.2 percent stake in NCBA Group.
Zarin Merali
Zarin is the wife to the late businessman Naushad Merali, founder of Sameer Group. With a combined portfolio worth $89.97 million, Zarin and her family rank second among the richest women investors on the NSE.
The family’s interests are diversified across banking and manufacturing. They hold a 5.41 percent stake in NCBA Group and 74 percent stake in Sameer Africa, a long-established manufacturing company.
Mary-Ann Musangi
Mary Ann is the daughter of the late billionaire businessman Chris Kirubi. She holds a portfolio valued at $21.63 million, largely derived from her 30.94 percent stake in Centum Investment Company.
Centum is one of East Africa’s leading investment firms, with interests spanning real estate, private equity, power, and financial services. The company is widely recognised for landmark projects and strategic investments across the region.
Alka Sandip Babla
Alka Sandip Babla and her husband Sandip Kana Sinh Babla are a low-profile husband-and-wife investing pair who show up in Kenya’s listed-company registers as meaningful minority shareholders.
They hold a portfolio worth $16.02 million, anchored in a 0.9631 percent stake in KCB Group.
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