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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

Kenya Airways to resume NY direct flights on 29th November 2020

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Kenya Airways will resume direct flights to New York on 29th November 2020 after a seven-month hiatus occasioned by the COVID-19 pandemic. Initially, the airline was slated to commence the New York direct flights on 31st October 2020 but has since extended the resumption date due to increased cancellation of flight booking to the city.

According to CEO Allan Kilavuka, early bookings for the October 31 flight had registered a 40 percent cabin factor load. The airline plans to operate two weekly flights on Sundays and Wednesdays and gradually increase the frequency to three flights subject to demand.

In this case, Kenya Airways says that the three flights will run on Wednesdays, Fridays, and Sundays. The direct flights to New York launched in 2018 and by October 2019 had completed 594 trips to and from New York and flying 105,084 passengers.

Kenya Airways has been keen to resume its former routes following opening of international flights in major cities across the globe. For instance, the airline resumed the Nairobi to Mumbai flights plying the route thrice a week.

The onset of the pandemic saw the airline’s revenues fall due to travel restrictions and lockdowns that reduced network activities connecting the home market to key cities. In the first six months of 2020, total income fell by 48 percent to Ksh30.2 billion compared to Ksh58.6 billion recorded in the six months to June in 2019.

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The effect of the pandemic was evident in the 55.5 percent reduction in passenger numbers to 1.1 million in the six months compared to 2.4 million in a similar period last year. The drop in revenue saw loss for the period rise from Ksh8.5 billion in H1:2019 to Ksh14.3 billion in the H1:2020.


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Ginimbi had planned his burial, including dress code, VIP tent and guest list

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Flashy Zimbabwean businessman Genius Kadungure, popularly known by the sobriquet Ginimbi, had fully planned how his burial will be conducted several months before he died on Sunday, November 8, 2020, his sister says.

Ginimbi, 36, died after the vehicle he was driving, a Rolls Royce Wraith, collided head-on with a Honda Fit in the wee hours of Sunday morning.

Following the crash, Ginimbi’s car hurtled off the road and hit a tree, sparking a huge fire that engulfed the entire vehicle, instantly calcining the three trapped occupants to death.

Ginimbi had been rescued from the driver’s seat by well-wishers, but succumbed to his injuries a few meters from the fire scene.

The other three, who died in the accident, include fitness enthusiast Mimi Moana, her female friend Elisha and Ginimbi’s friend Limumba Karim.

Mimi Moana was celebrating her birthday party on Saturday night, hours before she was involved in a fatal crash alongside Ginimbi and two others. [PHOTO | COURTESY]

The four had Saturday night celebrated Moana’s birthday at Dreams Nightclub in the capital Harare, and were on their way to Ginimbi’s home when the accident happened.

Elisha also died in the Sunday morning crash. [PHOTO | COURTESY]

The crash occurred at Borrowdale, a residential suburb in the north of Harare. The neighbourhood forms the most affluent and prestigious residential area in the whole of Zimbabwe, online search shows.

Following news of Ginimbi’s death, his eldest sister, Juliet Kadungure, has now come out to reveal that her flamboyant brother had fully planned his burial months in advance.

“Genius was a fun-loving character,” Juliet told The Herald, which is the largest daily newspaper in Zimbabwe.

“He always reminded us about how he wanted his funeral to be conducted. In fact, he had a plan and always said ‘ndiri big’, so make sure on my funeral, you do not hurriedly bury me,” said Juliet.

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According to Ginimbi’s wish, all the people who will attend his burial penciled in for Saturday, November 14, 2020 must be dressed in white attire. The dress code is synonymous with Ginimbi’s trademark dressing for the lavish parties he used to host.

Juliet said her brother used to tell them that he wanted a big burial ceremony.

“Take time, planning for it. Check my requirements well and one of the things is that I want everyone who will be at my funeral to be dressed in all white, no matter who. Please, make sure you emphasise that, remember, I am an all-white guy. The all-white should be on the day of burial.”

Juliet said according to the plan left by Ginimbi, they will have to wait for his foreign-based friends to arrive for the ceremony, failure to which, the event should be postponed.

“He would say: ‘make sure you get in touch with my other friends abroad and wait for them to come,” said Juliet.

“That is why we are saying for now the funeral will begin on Thursday, [November 12] and for now people are gathered at our father’s residence which is 400 metres away from Ginimbi’s mansion.

“We have set up a tent because there are lots of people coming from all walks of life and we could not accommodate them at the mansion.”

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Juliet said there will be two tents pitched for the wake.

“There will be a tent for friends and fans, then a VIP tent,” she said.

“Ginimbi will be buried on Saturday, [November 14] in his yard as he wished to. It is very difficult for us as a family and we kindly request the public to respect us and avoid spreading malicious rumours.

“For now, we have put a family spokesperson who is Clement Kadungure. Anything you hear which is not from him, is not true.”

Juliet said the family was not stopping people from mourning Ginimbi at his mansion, as being reported on social media, but the reason why the funeral was on the other side was to accommodate everyone.

“You may think the yard is big, but it is not big to accommodate everyone as you know many people are coming,” she said, adding: “Like I said, we decided to pitch tents at the open space near my father’s house. It is also for the security of the house.”

Juliet said Ginimbi always wished for his house to be turned into a museum or a hotel upon his demise.

“We are going to invite some local artistes so they will perform on Friday, [November 13], when his body lies in state at his mansion,” she said.

“Remember, Genius owned G-Entertainment where he promoted some local artistes, so we will do his wishes and they will also be dressed in white.”

READ ALSO:   VIDEO: Kisumu reacts to Supreme court ruling

Chief executive officer of Ginimbi’s G4K security company, Dr Peter Gwaza, said some people were coming with the intention of stealing Ginimbi’s property.

“We have already caught two people who had stolen plastic chairs,” he said. “Again, the house has a lot of property that needs to be protected. I respect the decision by the family to have the funeral outside the mansion.”

Who is Ginimbi?

Ginimbi had interests in oil and gas business. [PHOTO | COURTESY]

Genius Kadungure had business interests in gas and petroleum. It is reported, in a section of Zimbabwean media, that he owned several filling stations in the capital Harare, and other parts of Zimbabwe.

However, it was alleged that he engaged in fraudulent activities to defraud wealthy Zimbabweans and South African businesspeople.

Ginimbi was popular on social media platforms, particularly Instagram, where he had over 650,000 followers and 644 posts at the time of his death. On the social networking pages, he flaunted the “good life” he lived, including posting pictures of the high-end vehicles he bought nearly on a yearly basis.

Some of the car brands Ginimbi owned include Lamborghini, Rolls Royce, Range Rover, Ferrari, Bentley, among others.

Ginimbi hosted multi-million-shilling birthday parties annually since 2009. In March 2018, he paid Nigerian artiste Davido to perform in Harare.

In Kenya, Ginimbi was a friend of socialite Huddah Monroe.

In Uganda, Ginimbi enjoyed a close relationship with socialite Zari Hassan’s late ex-husband Ivan Ssemwanga.


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Why Kenya Airways postponed resumption of New York flights

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On Saturday, October 31, Kenya Airways announced that they had postponed New York flights’ resumption. Through a notice, the airline said the decision to postponed the flights was informed by the increased cancellation of flight bookings to New York. The resumption, which was set for Saturday, was postponed to November 31.

“We regret to announce that due to increased cancellations of flight bookings to New York City, we have pushed back the resumption of our service to this destination to November 29. We sincerely apologise for the inconvenience caused,” read the statement.

The national carrier last operated the passenger flights using the route in April after disruptions by the Covid-19 pandemic. Kenya Airways resumed international flights in August after suspending all its operations in March following the government’s directives on Covid-19.

Kenya Airways inaugurated direct flights to the US in October 2018, cutting the journey to 15 hours. In October 2019, KQ flew at least 105,084 passengers after completing 594 flights to and from New York.

by Standardmedia.co.ke


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