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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.

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Africa

VIDEO: I was also diagnosed with Cancer before Collymore took over Safaricom, Michael Joseph opens up

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Acting Safaricom CEO Michael Joseph says he battled cancer during his stint at the telecommunications company between 2000 and 2010.

Joseph shared details of his battle with the disease during an interview with K24 TV on Tuesday evening.

Joseph, who has returned to the mobile service provider as interim CEO following the death of Bob Collymore, said he was diagnosed with colon cancer in 2003.

He was declared cancer-free after undergoing treatment for several months.

“Not many people know that am also a cancer survivor and that I was diagnosed with cancer in 2003 while still CEO of Safaricom. I am now a cancer survivor,” Joseph said.

Joseph was responding to a question about his plans on cancer, which has claimed the lives of many people in the country including former Safaricom CEO Collymore.

Collymore died at his Nairobi residence on Monday morning after battling with Acute Myeloid Leukemia, a rare type of cancer, for about two years.

“I don’t have any direct plans to do that (set up a cancer center) although they should probably know that Safaricom Foundation has spent a lot of money in the health field.”

“I am sure in the memory of Bob (Collymore), we will do more now in terms of preventing and helping the treatment of cancer,” stated Joseph.

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In an earlier interview with The Standard, Joseph said he at some point run the company from a hospital bed.

“It was a long drawn out affair and for some time, I ran Safaricom from a hospital bed. People would bring me advertisements to approve and all that and then they would be worried because I had tubes running all over my body,” Joseph explained.

 

 

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Beauty queen speaks out on ‘rape ordeal’ by ex-President

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A 23-year-old former beauty queen in The Gambia, Toufah Jallow, has said she was raped in 2015 by ex-President Yahya Jammeh when he was in office.

Her testimony is part of a Human Rights Watch and Trial International report that details another alleged rape and sexual assault by Mr Jammeh.

The BBC tried to contact Mr Jammeh, who now lives in exile in Equatorial Guinea, about the allegations.

A spokesman for his APRC party denied the accusations made against Mr Jammeh.

“We as a party and The Gambian people are tired of the steady stream of unfounded allegations that have been reported against our ex-President,” said Ousman Rambo Jatta, in a written statement to the BBC.

“The ex-president has no time to react to lies and smear campaigns. He is a very respectable God fearing and pious leader who has nothing but respect for our Gambian women,” the deputy APRC leader said.

Ms Jallow told the BBC she wanted to meet Mr Jammeh, 54, in court so he could face justice.

“I’ve really tried to hide the story and erase it and make sure it’s not part of me.

“Realistically I couldn’t so I decided to speak now because it is time to tell the story and to make sure that Yayha Jammeh hears what he has done.”

She said she also wanted to testify before The Gambia’s Truth, Reconciliation and Reparations Commission (TRRC), which has been set up by President Adama Barrow, who won elections in December 2016.

The TTRC is investigating human rights violations alleged to have been committed during Mr Jammeh’s 22-year rule, including reports of extrajudicial killings, torture and arbitrary detention.

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He was forced from office in January 2017 after regional powers sent in troops when he refused to give up power.

‘MARRIAGE REFUSAL’

Ms Jallow said she was 18 when she met Mr Jammeh after winning a beauty pageant in 2014 in the capital, Banjul.

In the months following her coronation, she said the former president acted as a father figure when they met, offering her advice, gifts and money, and also organising for running water to be installed in her family home.

Then at a dinner organised by an aide to thePpresident, she says he asked her to marry him. She refused and rebuffed other enticements from the aide to agree to the offer.

Ms Jallow said the aide then insisted she attend a religious ceremony at State House in her role as beauty queen in June 2015. But when she arrived, she was taken to the President’s private residence.

“It was clear what this was going to be,” she said, describing Mr Jammeh’s anger at her for rejecting him.

Ms Jallow says he slapped her and injected her in her arm with a needle.

“He rubbed his genitals in my face, pushed me down to my knees, pulled my dress up and sodomised me.”

‘PROTOCOL GIRLS’

The young woman says afterwards she locked herself at home for three days and then decided to flee to neighbouring Senegal.

Once in Dakar, the Senegalese capital, Ms Jallow sought the assistance of various human rights organisations. Weeks later, she was approved protection status and moved to Canada, where she has been living since.

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Human Rights Watch (HRW) and Trial International say Mr Jammeh had a system in place to abuse women, where some were put on the state payroll and worked at State House as so-called “protocol girls”, who had some clerical duties but were mainly on call to have sex with the President.

The BBC could not verify the allegation, but a former Gambian official, who agreed to speak on condition of anonymity, said he was aware of “inappropriate things” happening at the presidency: “Protocol staff were mostly women and they were hired to satisfy the President’s fantasies.”

He remembered seeing Ms Jallow at State House, sometimes at “odd hours”.

Another woman, hired as a protocol officer at the age of 23, told HRW she was forced to have sex with Mr Jammeh in 2015.

The woman, who asked not to be named, said that one day the president called her into his room: “He started undressing me and saying that he was in love with me, that he will do anything for me and my family, that I should not tell anyone because if I do I will face the consequences.

“I felt I had no choice. That day he slept with me without protection.”

‘HONOUR’

Another woman who worked as a protocol officer said that they knew if one of them was called it was for sex.

“Some wanted it. They felt honoured or wanted the money,” she told HRW on condition of anonymity.

She described how she was sexually assaulted by the President at his summer house, Kanilai, in 2013 when she was 22: “One evening, a presidential aide called me and told me to come with her to the president’s private apartment. He asked me to undress.

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“He told me that I was young and needed protection so he wanted to apply spiritual water on me.”

In an encounter the next day, she started crying as Mr Jammeh began to touch her body. He became angry and sent her away.

She says she was later sacked and a promised scholarship cancelled.

TRRC’S FOCUS

The TRRC’s mission is to establish a record of abuses committed during Mr Jammeh’s 22-year rule when it is alleged there were arbitrary detentions, enforced disappearances and torture against critics

Its 11 independent commissioners can grant reparations to victims.

Backed by the UN and funded by international donors, it began hearing testimonies in November 2018. Its motto is “Never again”.

TRRC’s Executive Secretary Baba Jallow has told the BBC that the commission, launched eight months ago, will focus on sexual violence in September.

“We are aware of allegations involving Jammeh but we have not heard victims on the record yet. Investigations have already started but at this stage we can’t say who is involved and how many victims there are,” he said.

Ms Jallow wants to create an atmosphere where women will feel safer to talk about rape and sexual assault: “It’s a step-by-step thing and the first part is to acknowledge it happened.

“When many other women speak up and it becomes safer and safer,” she told the BBC.

President Barrow has said he will await the report of the TRRC before considering whether to pursue Mr Jammeh’s extradition from Equatorial Guinea.

Source:nairobinews

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Conversion of Kenyan currency suspended in Uganda

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The governor visited Dr Ruto at his office at Harambee Annex, Nairobi to deliver the serial number 2 currency notes. Serial number 1 was given to President Uhuru Kenyatta on June 1, 2019, during Madaraka Day celebration. PHOTO | DPPS

Uganda has joined Tanzania in suspending the conversion of Kenyan Shillings as a measure to tame illicit cash flows.

In a statement issued on Monday, Bank of Uganda said it had been informed by the Central Bank of Kenya (CBK) that they have issued new banknotes effective May 31, 2019.

“Bank of Uganda will not accept Kenya Shillings at its counters with immediate effect,” Bank of Uganda said in a statement.

“Please be advised that changing Kenyan currency from old to new banknotes can only be done in Kenya,” the statement further read.

COUNTERFEITS

On Friday the Bank of Tanzania also suspended conversion of Kenyan currency to Tanzanian currency.

According to Tanzanian financial institution, they were advised to freeze the exercise by Central Bank of Kenya (CBK) in a move to tame illicit cash flows.

“With a view to combat illicit financial flows and counterfeits into the Republic of Kenya, the Bank of Tanzania has been advised to freeze CBK Currency Collection Account with immediate effect,’’ the statement read in part.

Source:nairobinews

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