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REVEALED: Raila Odinga among 10 wealthiest persons in Kenya -Tuko

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It is no secret; Kenya is one of the richest countries in the African continent. Apart from the vibrant Gross Domestic Product that stands at $70.53 billion as at 2016, Kenya prides itself as one of Africa’s powerhouse hosting a number of high profile wealthy individuals. The following is a list top ten richest in Kenya 2017; politicians and business persons that have helped grow the economy of this country to what it is today.

Top 10 Richest People in Kenya 2017-2018

1. Moi and Family

Daniel Arap Moi is one of the four presidents to lead the Nation of Kenya. Moi and his family are regarded as one of the wealthiest people in Kenya and also the wealthiest man in Africa as they control vast resources of the country from real estate, manufacturing, to the agricultural sector. As if this is not enough, reputable sources indicate that the Moi’s family through his sons Philip and Gideon Moi control and manage other investments outside the country. In total, the Moi’s family’s investment can be estimated to be over 3 US billion dollars. He can easily be the richest man in Kenya 2017 and even closer to the richest man in Africa list.

2. Manu Chandaria

If you happen to live in Kenya or follow Kenyan news closely, Manu Chandaria is a name you are well familiar with. Mr. Chandaria is a seasoned businessman who controls a number of local and international conglomerates. The seasoned Manu Chandaria was brought to the limelight when he returned to Kenya from undertaking a masters degree and helped his father grow his business now Comcraft, an aluminum cookware company. In addition to this venture, Mr. Chandaria is also involved in other entrepreneurial ventures and currently, he is one of the richest men in Kenya 2017 with a net worth of $2.5 billion from all his businesses. Aside from this, the Chandaria’s are heavily involved in philanthropic activities. He is the richest man in Kenya who isn’t into active politics.

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3. Mama Ngina Kenyatta

Mama Ngina Kenyatta is the mother of the current president of Kenya and the wife of Kenya’s founding father, Jomo Kenyatta. Mama Ngina finds herself in the list of Kenya’s affluent individuals and also the richest woman in Kenya, thanks to the vast lands acquired by her husband during the British transition. In addition to this, she also invests in agriculture where she grows coffee and employees a huge number of local residents. Net worth, Mama Ngina Kenyatta stands at over $1 billion.

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4. Uhuru Kenyatta

Despite being the president of Kenya, Mr. Kenyatta is an affluent businessman, and it is no secret that he has investments in real estate, agriculture, energy, banking, and telecommunication industries just to name but a few. Some of the businesses associated with the Kenyatta’s family include Brookside. The Kenyatta’s family net worth currently stands at Kenya shillings 500 billion. He might not be the richest person in Kenya but he is up there.

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5. Naushad Merali

Naushad Merali is the Kenyan version of USA’s famous financial investor, Warren Buffet. Mr. Naushad Merali is widely known for his striking excellence when it comes to financial investment. His investment opportunities are not limited to a specific industry as he has been known to invest in different sectors ranging from agriculture to automobiles to energy. Mr. Naushad Merali has been able to make a fortune of Sh431.7million from East Africa Batteries, Sasini Tea and Coffee, and Yana Towers.

6. Raila Odinga

Mr. Raila Odinga’s name cannot miss in the list of richest people in Kenya thanks to the many business ventures under his name. The son of Kenya’s first vice president other than growing the Kenyan economy has played a major role in the country’s political field which is important to any thriving economy. Raila Odinga net worth is approximated to Ksh. 400 million.

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7. Dr. James Mwangi

With a share percentage of only 3.45% in Equity Bank, one of Kenya’s leading private banks, Dr. James Mwangi is a man whose name cannot miss on the list of the wealthiest individuals in the country. In addition to banking, Mr. Mwangi is also a huge investor in the insurance market trough Britam Company where he has been able to grow his wealth by Ksh. 187.5 million. Credible sources also indicate that Dr. James Mwangi is also an investor in the hospitality industry and owns one of the country’s largest 5-star hotels.

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8. Chris Kirubi

Chris Kirubi is a venture capitalist and one of Kenya’s leading industrialist. Mr. Kiribu owns one of the largest media houses in the country and is also involved in investment activities through the Centum Group. From Centum Group alone, Chris Kirubi has been able to make for himself approximately Ksh. 1.41 billion. He is also one of the three largest shareholders in Kenya Power, the country’s energy distributor in the market.

9. Bhimji Depar Shah

Bhimji Depar Shah is the current CEO and founder of BIDCO Group of Companies. This is a family-owned business with ties in approximate 13 African countries. Mr. Bhimji Depar Shah finds himself in the list of ten wealthiest individuals in Kenya thanks to his contributions to BIDCO Company.

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10. Charle Njonjo

The outspoken former politician and businessman is also one of the persons in Kenya whose wealth cannot go unmentioned. Mr. Njonjo has investments in agriculture, automobile industry, insurance, and banking sector just to name but a few. The once time Kenya’s Attorney General, despite being in his 90’s, oversees his property directly hence being able to maintain his wealth for long.

As stated earlier, Kenya is one of the wealthiest countries in the African content. While the above list of top ten richest in Kenya may not be a comprehensive one, it is at least a representation of the Kenyan economy.

tuko.co.ke

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Africa

Why school kept news of student’s family members’ death a secret for 22 days

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A school in Tanzania decided not to inform a 16-year-old girl that her entire family of five had been wiped out by flash floods last month to enable her complete her examinations.

Anna Zambi’s parents and siblings were on their way to visit her in school for prayer day ahead of her final secondary school examinations when they met their death.

TRAGIC INCIDENT

A private car in which they were travelling in was swept away in floods following incessant rains in Handeni District, Tanga Region.

According Tanzanian daily, The Citizen, the school chose to keep the tragic incident a secret to enable Zambi complete her exams in peace.

The incident happened just two days before the start of the examinations.

The head teacher of Mother Teresa of Calcuta Girls Secondary School revealed how he managed to ensure the student was kept in the dark over the tragedy that took the lives of her parents and three other siblings on October 26.

GRAVEYARDS

In breaking communication at the school, he said, all students were no longer allowed to watch TV on the pretext that it was examination time and that they must always be busy with their books.

On Monday, almost a month after the incident, she traveled back home to be with her family after finishing the exams, only to learn that her parents and siblings were no more.

READ ALSO:   VIDEO: Kenyans want Matiang'i sacked over this woman

It was not until Saturday, November 16, when a wave of grief and deep sorrow rolled through relatives and mourners who had gathered for hours to receive Zambi and take her to the graveyards of her parents and three siblings.

At the same time, the Tanzanian government has pledged to support the bereaved teenager, saying that it would pay for her psychological rehabilitation and education.

By NN

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Africa

Invitation to the African Girls Hope Foundation Annual Gala happening this Saturday in Atlanta

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BY BEN KAROMO

African Girls Hope Foundation (AGHF) annual Gala is happening this Saturday at the Kenyan American Community Church in Marietta, Georgia, USA. AGHF  is a non-profit founded by Grace Faraja, a former refugee from the 1990s civil war that ravaged the DRC. She started the foundation to help educate girls in rural Congo caught in the ongoing civil unrest, poverty and disease.

As a former beneficiary of a full scholarship that changed her life, Grace believes providing an education to orphaned and less privileged girls can open a world of opportunities to them and help then end the cycle of poverty and early marriages.

This year, AGHF’s aim is to provide full-year scholarships to 120 girls at a cost of $29 per month per girl. We are seeking your help to raise funds to meet the overall goal of $34,000 for the year 2019-2020.

We ask you to help us meet this goal by donating on our website at https://africangirlshopefoundation.com/.

We prayerfully desire to support the education of 120 girls in the Democratic Republic of Congo and Kenya. With hope that God will open doors to other African countries in the near future. We have partnered with a local pastor running a school in the village of Mulenge in the Democratic Republic of Congo.

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Our partner has identified numerous girls in the village who are orphans of father and mother. Girls selected as AGHF beneficiaries are 65% of orphans of both parents.

Atlanta residents, please join us for our Annual Fundraising Gala dinner, to be held on November 9th at the Kenyan American Community Church KICC in Marietta, Georgia. Dinner and parking will be provided.

Below are some of the girls who need our help:

 

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Africa

Kenya’s Filthy Rich and Politically Connected running Govt Agencies

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Kenya has become the butt of jokes (no pun intended!) as the country wastes away due to corruption overseen by those in the highest office in the land.

Despite the billions being wasted daily repaying loans that have benefited a few individuals, Kenyans, on the other hand, are languishing as those entrusted with making their lives better continue looting. The country has become a gangsters’ paradise.

Wambui Kibaki and Her Millions

The first agency that was established by an act of parliament to empower youth is the National Employment Authority which has become a fresh wound for job seekers who never seem to meet the criteria for securing a government job.

On Tuesday, Kenyans were up in arms after it became public that President Uhuru Kenyatta had appointed President Kibaki’s wife, Mary Wambui, as the Authority’s Chairperson.

For a term of three years, Wambui is expected to ensure that jobless Kenyans get opportunities and jobs that can alleviate their suffering.

Ironically, Wambui, a conservative and controversial millionaire does not need the job in the sense that she already has more than enough. But why would she take such a position? That is for the appointee and the appointing authority to explain to Kenyans.

 

 

Most other authorities are led by people whose only merit is being politically connected.

These include the Kenya Civil Aviation Authority (KCAA) whose leadership comprises of Eng Joseph Nakodony Nkadayo as the Chairman with Captain Gilbert Macharia Kibe as the Director-General. Nkadayo succeeded a political reject, Samuel Poghisio, who left the entity in 2017 after serving for 2 years.

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The other is Kenya Revenue Authority (KRA) whose disappointing performance could only go to show the incompetence of those appointed.

Interestingly, the former long-serving head of civil service Francis Muthaura is the chairman of the tax collector. He was appointed for the position last year.

The Sacco Societies Regulatory Authority (SASRA) non-executive chairman is John Mati Munuve.

An interesting political reject serving on the SASRA board is former North Imenti MP Silas Muriuki Ruteere.

Muriuki is a teacher by profession with specialized training in Special Education.

Tana and Athi River Development Authority (TARDA) is chaired by Halima Abdillahi Shaiya who was fired from the Kenya Meat Commission in 2014.

A suspension letter presented in court showed that the KMC board was fired for breaching procurement rules, poor performance and failing to implement directors’ resolutions.

The Retirement Benefits Authority (RBA) is chaired by a relative to President Uhuru Kenyatta Victor R. Pratt. Pratt is the husband to Christine Wambui Kenyatta, now Kristina Pratt, who is Uhuru’s older sister.

A politician on the board of directors going by the information on the Authority’s website is politician Sammy Koech who is the MP for Konoin.

The National Transport and Safety Authority (NTSA) is chaired by Lt Gen (Rtd) Jackson Ndungu Waweru. He was appointed in 2016.

READ ALSO:   VIDEO: Watch as road rage on highway leads to fatal crash involving several cars

Kenya National Highways Authority (KeNHA) is chaired by Eng Erastus Mwongera whose appointment was challenged in court. In the petition by Peter Tana, Mwongera’s appointment was in gross violation of the rule of law.

Tana said that is not suitable to serve in the capacity since he had already served two terms. The tenure at KeNHA is to end in March 2021.

Mwongera cannot discharge any official duties as KeNHA Chairperson until the hearing and determination of the petition.

The National Environment Management Authority (NEMA) is chaired by John Konchellah but the interesting twist is the political connections in the authority’s op management.

Rejects serving at NEMA include Agostinho Neto who was the Ndhiwa MP in a by-election in 2012 and re-elected in 2013.

The immediate former Tana River woman representative Halima Ware Duri also serves as a board member.

In March this year, the Kerio Valley Development Authority (KVDA) board appointments caused an uproar since the maximum number of 10 appointees was surpassed by 3 members.

The board is chaired by former MP Jackson Kiptanui.

And the Kenya Ports Authority (KPA) is chaired by another political appointee Retired Joseph R.E Kibwana.

Kibwana, who was the first Navy officer to occupy the office of the Chief of General Staff, oversaw the transition of power from President Daniel Moi to President Mwai Kibaki after the 2002 election.

The General has a chequered career having been among the first of 10 African officers and servicemen recruited to the Navy in 1964.

READ ALSO:   Kenyan-born journalist honoured in US for exemplary reporting

The Kenya Airports Authority (KAA) is chaired by Isaac Awuondo.

In August, KAA announced the departure of its Managing Director/CEO Jonny Andersen, effective September 30, 2019.

“Jonny has been with the KAA since November 2016 opted not to renew his contract which was due to expire on November 21st 2019,” said a statement from the Authority.

James P.M. Ndegwa is the Chairman of the Capital Markets Authority (CMA). Coming from among Kenya’s wealthiest families, his seat at the table is reserved.

Interestingly, Muthaura’s son Paul Murithi is the CEO. He was appointed on April 22, 2016 with the call backdated to January 2, 2016.

He is expected to leave CMA at the end of this year after serving for seven-and-a-half years.

Out of the 14 Authorities in Kenya, most of them have politicians who have lost in elections appointed as board members or chairs.

In a country where a majority of the youth are wasting away despite their academic qualifications, consecutive governments have consistently sidelined the youth in favour of the politically connected.

Only President Kibaki gave the youths a considerate treatment when he opened the system for youth self-employment. Kibaki’s time saw the country register the highest number of the motorbike industry jobs.

It is at this time that boda bodas became part and parcel of the Kenyan society.

-businesstoday.co.ke

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