 board chair Anthony Mwaura and his family have emerged among the top shareholders of mortgage lender HF Group){kind=link}
Anthony Mwaura: Ex-KRA Chair’s Family Sinks KSh 1.6B into HF Group, Emerges 2nd Largest Shareholder
Former Kenya Revenue Authority (KRA) board chair Anthony Mwaura and his family have emerged among the top shareholders of mortgage lender HF Group after investing a whopping KSh 1.6 billion.
Mwaura, currently the chairman of the Kenya Rural Roads Authority (KeRRA), disclosed that the investment is part of a long-term retirement strategy, terming HF Group as a promising indigenous lender on the Nairobi Securities Exchange (NSE).
Family-Owned Shares Through Multiple Vehicles
Data from HF Group’s Q1 2025 results show the Mwaura family owns a combined 12.72% stake in the company:
- Anthony Mwaura, through Toddy Civil Engineering: 81.6 million shares (4.33%) worth KSh 548.3 million
- Rose Njeri (his wife): 4.21% stake worth KSh 533.5 million
- Susan Wanjiru (his daughter), through Janton Investments: 4.18% stake worth KSh 528 million
This positions the Mwaura family just behind Britam Holdings, which controls 48.17% of HF Group.
The family acquired their stake during HF’s 2024 rights issue, which raised KSh 6.4 billion in additional capital.
Mwaura’s Salaries and Perks
Mwaura chaired the KRA board between November 2022 and December 2024. During this period, his monthly gross salary rose from KSh 792,519 to KSh 819,844.
He now earns the same amount in his current role at KeRRA, with the breakdown as follows:
- Basic salary: KSh 491,906
- House allowance: KSh 150,000
- Salary market adjustment: KSh 177,938
- Commuter allowance: Official provision
Additional benefits include:
- Mortgage loan of up to KSh 35 million
- Car loan of up to KSh 8 million
- Medical insurance of up to KSh 10.6 million
- Official vehicle (engine capacity not exceeding 3000cc)
HF’s Soaring Performance
Mwaura cited HF Group’s rising value—up 64.3% on the NSE—as a key attraction. The mortgage lender has outperformed most banking sector peers, attracting investor attention amid Kenya’s recovering housing market.
Meanwhile, Safaricom PLC also recorded a surge in market cap, jumping to KSh 905 billion as shares hit KSh 23.15, with investors gaining over KSh 50 billion in a single day.
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Anthony Mwaura: Ex-KRA Chair’s Family Sinks KSh 1.6B into HF Group, Emerges 2nd Largest Shareholder