Former Kenya Revenue Authority (KRA) Chairman Anthony Mwaura, along with his wife and daughter, have collectively purchased a 12.7% stake in HF Group, valuing their investment at Sh1.6 billion.
This acquisition positions them as the second-largest shareholders in the company, trailing only behind Britam.
According to details of the transaction, Mwaura himself invested Sh548 million, while his wife contributed Sh533 million, and his daughter purchased shares worth Sh528 million.
The move marks a significant entry into the financial sector for the Mwaura family, who have now secured a substantial influence in HF Group, a key player in Kenya’s housing finance market.
This development comes at a time when HF Group is navigating through strategic shifts and market challenges, making the Mwaura family’s investment a notable addition to its shareholder base.
The transaction underscores the growing trend of high-profile individuals diversifying their portfolios into the financial services sector, potentially impacting the company’s governance and strategic direction.
Industry analysts suggest that such investments by prominent figures could signal confidence in HF Group’s future prospects, despite recent economic uncertainties.
However, the move also raises questions about the influence of major shareholders on corporate decisions and the broader implications for market competition.
