The stock’s price skyrocketed and between 2005 and 2006, Mr. Ndung’u started selling at around Sh. 120 each. “From the start of my investment in Kenya Power to my exit at Kenya Airways, I had grown my portfolio to Sh. 2.1 billion.”
However, not all of his stock market investments have been as profitable. He was shareholder at CMC Holdings where boardroom wrangles, corruption and improper accounting nearly brought down the company. In 2014, he and other investors were bought off for Sh. 7.5 billion.
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