Baloobhai Patel is a businessman and entrepreneur in Kenya, the largest economy in the East African Community. He is the current managing director of Transworld Safaris Limited, a company that he owns. He also owns minority stakes in a number of publicly listed companies at the Nairobi Securities Exchange (NSE). He is reported to be one of Kenya's wealthiest citizens.[1]
His investments include the tour company Transworld Safaris Limited, which he fully owns and where he serves as the managing director. He also serves as a non-executive director at Pan Africa Insurance, where he is the largest non-institutional shareholder. He also maintains significant shareholding in Barclays Bank Kenya, Bamburi Cement, Carbacid Investments, Diamond Trust Bank Group, and Safaricom. In July 2013, his holding in NSE-listed companies was valued at KSh2.4 billion (approx. US$27.5 million).[2]
Investment philosophyedit
In keeping with many high-net-worth investors at the NSE, Baloobhai Patel invests primarily in blue chip stocks that pay regular dividends and have a tradition of steady appreciation in stock price. He rarely liquidates his stakes in these companies. He invests for the long-term, and occasionally invests more when the price temporarily falls. He is also diversified across many sectors of the economy, including manufacturing, banking, insurance, telecommunications and construction.[3]
^Maina, Wangui (12 December 2013). "Who Are Kenya's Wealthiest?". Business Daily Africa (Nairobi). Retrieved 18 October 2014.
^Juma, Victor (4 July 2013). "The Rise And Rise of Kenya's Silent Billionaires at Nairobi Securities Exchange". Business Daily Africa (Nairobi). Retrieved 18 October 2014.
^Juma, Victor (8 December 2013). "Big Investors Reap Billions From A Bullish Stock Market". Business Daily Africa (Nairobi). Retrieved 18 October 2014.
External linksedit
Transworld Safaris Limited Website 12 March 2022 at the Wayback Machine
November 27, 2023
baloobhai, patel, businessman, entrepreneur, kenya, largest, economy, east, african, community, current, managing, director, transworld, safaris, limited, company, that, owns, also, owns, minority, stakes, number, publicly, listed, companies, nairobi, securiti. Baloobhai Patel is a businessman and entrepreneur in Kenya the largest economy in the East African Community He is the current managing director of Transworld Safaris Limited a company that he owns He also owns minority stakes in a number of publicly listed companies at the Nairobi Securities Exchange NSE He is reported to be one of Kenya s wealthiest citizens 1 Baloobhai PatelBorn1938 age 84 85 Mathare Nairobi KenyaNationalityKenyanOccupation s Businessman entrepreneurYears active1964 presentTitleManaging Director amp CEOTransworld Safaris Limited Contents 1 Investment portfolio 2 Investment philosophy 3 See also 4 References 5 External linksInvestment portfolio editHis investments include the tour company Transworld Safaris Limited which he fully owns and where he serves as the managing director He also serves as a non executive director at Pan Africa Insurance where he is the largest non institutional shareholder He also maintains significant shareholding in Barclays Bank Kenya Bamburi Cement Carbacid Investments Diamond Trust Bank Group and Safaricom In July 2013 his holding in NSE listed companies was valued at KSh2 4 billion approx US 27 5 million 2 Investment philosophy editIn keeping with many high net worth investors at the NSE Baloobhai Patel invests primarily in blue chip stocks that pay regular dividends and have a tradition of steady appreciation in stock price He rarely liquidates his stakes in these companies He invests for the long term and occasionally invests more when the price temporarily falls He is also diversified across many sectors of the economy including manufacturing banking insurance telecommunications and construction 3 See also editIndian diaspora in East Africa List of African millionaires List of wealthiest people in KenyaReferences edit Maina Wangui 12 December 2013 Who Are Kenya s Wealthiest Business Daily Africa Nairobi Retrieved 18 October 2014 Juma Victor 4 July 2013 The Rise And Rise of Kenya s Silent Billionaires at Nairobi Securities Exchange Business Daily Africa Nairobi Retrieved 18 October 2014 Juma Victor 8 December 2013 Big Investors Reap Billions From A Bullish Stock Market Business Daily Africa Nairobi Retrieved 18 October 2014 External links editTransworld Safaris Limited Website Archived 12 March 2022 at the Wayback Machine Retrieved from https en wikipedia org w index php title Baloobhai Patel amp oldid 1176793253, wikipedia, wiki, book, books, library,
