Friday, February 21, 2014

Kenya Wealthiest families with political connections

A report compiled by a British firm indicates that 50 percent of Kenya’s wealth is owned by individuals who have had political connection. Here are Kenya wealthiest families who fall in the centimillionaire category…
THE KENYATTA FAMILY-Wealth Between $ 100 million-$ 1 billion.
The Kenyatta family is one of the wealthiest in the country with interest ranging from banking (CBA), Tourism, airline, education, insurance, telecommunications, dairy farming, mining, energy and real estate. The exact acreage of land the family own is unknown.
The wealth of retired president Moi who ruled for 24 years is believed to run in billions of shillings. Moi family have vast interest in insurance, media, manufacturing, airline and transport, hotel and tourism, maritime and freight. The family also owns large chunk of land.

GEORGE SAITOTI-wealth ($30 million to $100 million.
The late Prof Saitoti and a vice president during Moi reign has interest in real estate, horticulture, hotel and tourism. He wealth is estimated at $30 million to $100 million.
NICHOLAS BIWOTT-wealth $100 million to $1 billion.
The total man has vast interest in energy, mining, telecommunications, tourism, agriculture, banking and real estate. He is a major shareholder in Kobil. His wealth is estimated at ($100 million to $1 billion).
JOHN MICHUKI- wealth $30 million and $100 million
The late Michuki who served in the Kibaki administration in different ministerial portfolios is worth between $30 million and $100 million. His interest range from hotel, agriculture to real estate.
The family has a rich political life. Jaramogi Oginga Odinga was Kenya first Vice president during Kenyatta reign while his son, Raila Odinga, acted as the Prime Minister in the Grand coalition Government. The family has vast interest in oil and gas, manufacturing and agriculture.
Former President has invested in hotel, agriculture telecommunication, banking and in fashion industry. He has large tracts of land.
He was the undisputed king of Kisii during the Moi reign. The seasoned politician who served as a chief secretary, provincial administrator and cabinet minister has invested in transport, agriculture, banking and logistic and is reported to own ranches in Zimbabwe, Australia and South Africa.

No comments: