"Billionaire squatter buys 25 per cent stake in Kakuzi"

...[B]illionaire investor John Kibunga Kimani raised his stake to 25 per cent and launched a rare shareholder activism campaign meant to improve the lot of squatters and workers living in the farms...

Mr Kimani...who started buying Kakuzi shares at the turn of the millennium, says he is using his large stake that is currently worth Sh1.1 billion to fight for fair treatment of the squatters in the company’s Murang’a farms where he grew up. “I represent four generations of Kakuzi squatters and expect that I will use my stake in the company to protect the workers from mistreatment,” he said...

His will be a rare form of shareholder activism in corporate Kenya as he prioritises Kakuzi’s relations with the community ahead of typical issues like investment returns and dividend policy.