Connect with us

Africa

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

Published

on

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.

ALSO READ  Jubilee MPs oppose Uhuru’s Parliamentary Service Commission nominees

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.

READ ALSO:   VIDEO: What is this Kenyan lady talking about?

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.

ALSO READ  President Uhuru Kenyatta ride Madaraka Express to the Coast

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.

READ ALSO:   African American woman relocates to Kenya, says she loves it

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.

ALSO READ  Uhuru blows hot and cold on dialogue with NASA

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.

READ ALSO:   VIDEOS: Mzungus not welcome to take political leadership in Kenya - Moi

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

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Africa

Kenyans reject Uhuru’s avocado, baby carrots deal with Mauritius

Published

on

The news that Mauritius had lifted a ban on Kenyan avocados has not been well received by the Kenyan online community.

Kenyans online have lamented that they are already grappling with a decrease in production of their “dear avocados” and did not want a trade deal involving the produce.

The government of Mauritius lifted a ban on several Kenyan farm produce, including avocados, baby carrots, baby beans and broccoli.

The decision was is part of a trade deal made during bilateral talks between President Uhuru Kenyatta and his host Prime Minister Pravind Jugnauth.

President Kenyatta said the lifting of the ban will help improve Kenya’s export and will greatly boost horticultural farmers in the country, especially women who are the majority in the sector.

At the same time, China on Sunday completed an inspection tour by two experts from the Chinese National Plant Protection Organisation who were hosted by the Kenya Plant Health Inspectorate Service (Kephis) for eight days as a prerequisite given by the country before it opens its market for Kenyan avocados.

ONLINE UPROAR

But online Kenyans were not happy about the recent deal with Mauritius citing shortages of the prized fruit.

“Why export when local demand and supply is still wanting?” Sarati A. Richard wondered.

READ ALSO:   VIDEO: What is this Kenyan lady talking about?

“Ile drought iko huku jamani badala zipelekwe huko Kwanza…. We don’t have an oversupply of the produce in discussion,” Migwi Sam lamented.

“DP told us guys to diversify tukasema maize maize… sasa ona,” Cherotich Carren Kiki wrote.

“This ovacado thing kumbe was true! Maize farmers kwisha,” Buluma Godwin commented.

“Ati avocado? Mkipeleka wapi? Msijaribu,” Kenneth Makau warned.

“We don’t even have enough avocadoes in Kenya to feed the demand in the country,” Wachira Jackson commented.

source:nairobinews

Continue Reading

Africa

PHOTOS: Uhuru arrives in Mauritius for four-day State Visit

Published

on

President Uhuru Kenyatta on Tuesday evening arrived in Port Louis, Mauritius for a four-day State Visit.

The plane carrying Mr Kenyatta and his entourage touched down at the Sir Seewoosagur Ramgoolam International Airport shortly before 7pm local time.

On arrival, the President – who was received by Prime Minister Pravind Jugnauth – inspected a guard of honour mounted by a detachment of the special mobile force of the Mauritius Police Service followed by a 21-gun salute.

After the arrival ceremonies,  Kenyatta paid a courtesy call on the Acting President of Mauritius Paramasivum Pillay Vyapoory at State House, Le Reduit.

His visit to Mauritius is largely aimed at boosting the economic, cultural and social ties between the two nations, according to PSCU.

The forum will be used to showcase trade and investment opportunities in Mauritius and Kenya.

President Kenyatta is accompanied by Cabinet Secretaries Monica Juma (Foreign Affairs) and Prof. George Magoha (Education) among other senior government officials.

PHOTO COURTESY: PSCU

READ ALSO:   Kenyans among 78 people arrested in 'ICE' raids in US this week
Continue Reading

Africa

PHOTOS: Narcotic miraa seized at JKIA

Published

on

Detectives at Jomo Kenyatta airport, Nairobi, have intercepted 500 kilogrammes of narcotic dry miraa concealed as tea packets for export to the US, Australia and Austria.

The drugs were hidden in 52 packets, packed as green stevia tea, according to a statement from the Directorate of Criminal Investigations (DCI).

DCI on Tuesday said the packets were sent by various exporters and were on their way out when detectives smoked out the drugs during a routine screening.

The heroin that was found hidden inside speakers at Jomo Kenyatta International Airport in Nairobi. PHOTO | COURTESY

The Kenya Revenue Authority has issued a seizure notice on the narcotics.

While this was khat (also qat) laced with hard drugs, debate on whether miraa is a drug or a harmless stimulant has been raging on for years.

The leaf, whose active ingredient is cathinone, is grown mainly in Yemen and East Africa— Kenya, Ethiopia, some parts of Uganda and in Madagascar.

It has been associated with various health problems, such as impotence in men, dental complications as well as heart conditions.

The compounds cathinone and cathine, active ingredients of the mild stimulant, were listed in a schedule of harmful compounds in the 2000s, effecting the ban on the crop in the US, Norway, Canada and Sweden.

Khat is quasi-legal (its legality is ambiguous), as Lee Cassanelli, a scholar who wrote a seminal chapter on the drug, once said.

The heroin that was found concealed as make-up. PHOTO | COURTESY

In Kenya, it is not only legal but also a main cash crop in Meru and Tharaka Nithi counties.

Miraa gained popularity in the rest of the world after Somalis, who are very fond of it, trevelled with it around the globe.

But in 2013, the Netherlands, which acted as a transport hub for the drug to rest of the world, also banned it.

The then Dutch Immigration Minister Gerd Leers is quoted by Radio Netherlands as saying that 10 percent of Somali men in the country were badly affected by the drug.

“They are lethargic and refuse to co-operate with the government or take responsibility for themselves or their families,” he said.

A government report released to back the ban also cited that noise, litter and perceived public threat posed by the men who used the drug were the reasons behind the move.

The UK soon after declared miraa a class C drug, banning further imports of the stimulant into the country.

Kenya’s biggest market for miraa today is Somalia, with 90 percent of the product going there.

Mogadishu once banned the stimulant after Nairobi banned direct flights between the two cities over terrorism fears.

source:nation.co.ke

READ ALSO:   US Embassy releases list of Kenyan funeral homes for Citizens' 'convenience'
Continue Reading

Trending

error: Content is protected !!