(In Kenya) Kimani Ichung’wah Buys KSh 138 Million Stake in HF Group

National Assembly Majority Leader Kimani Ichung’wah has acquired 18,642,043 shares in HF Group, valued at approximately KSh 138 million. The purchase, representing about 1% ownership, was made on the open market and financed through a loan.

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HF Group is undergoing a transformation aimed at boosting profitability and diversifying income streams. Ichung’wah’s investment places him among the company’s notable shareholders, including the Mwaura family, who hold a 12.72% stake worth KSh 1.6 billion.

Industry analysts view his move as both a strategic financial investment and a public vote of confidence in the company’s long-term growth prospects.

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