TOP 11 RICHEST IN KENYA
 |
| Agakhan and former president Kibaki |
The summary of the top 11 richest in kenya
The are just 11 but very, very rich. Their wealth at the
Nairobi Securities Exchange (NSE) increased by Sh27 billion in slightly less
than 12 months. Mark you, that is only wealth in shares listed in their names
at the NSE. They have much more in shares not listed in their names, but under
nominee accounts or through sister companies to ones listed at the stock
market.
Yet, another huge chunk of their wealth is in firms they own
but are not quoted at the NSE. It is also worth noting that there is an equal
or slightly bigger number of Kenyans who are as wealthy, if not more endowed,
than the 11, but whose wealth is largely unknown to the public as their
companies or businesses are not listed at the NSE. Top in the rich list of
those whose wealth is measurable, at least through the NSE, is his Highness The
Aga Khan who alone scooped Sh17 billion of the Sh27 billion.
Next is the family of the late Philip Ndegwa, at Sh3 billion,
a former entrepreneur per excellence whose estate stands solid in real estate,
banking and other investment. Then follows Dr James Mwangi of Equity Bank and
Chris Kirubi who made Sh2 billion and Sh1.41 billion, respectively. The family
of retired President Daniel arap Moi and businessman-cum-politician Jimnah
Mbaru, just shied off the billion mark, to have their listed wealth at the NSE
increase by Sh800 million apiece.
Close in tow are businessmen Peter Munga, Naushad Merali,
Ashok Shah and insurance executive, Benson Wairegi, whose wealth increased by
Sh620 million, Sh400 million, Sh400 million and Sh380 million, respectively.
The Somen family, with their vast interests in provision of Internet services
and banker Gideon Muriuki closed the super rich list with gains of Sh300
million and Sh216 million, respectively. The Aga Khan, who is the spiritual
leader of the Ismailia community, made his wealth through his investments in
the media, banking, insurance and hospitality.
He is the single largest investor at the NSE with majority
shareholding in the media giant, Nation Media Group (NMG), TPS East Africa
which runs the Serena chain of hotels, Jubilee Insurance and the Diamond Trust
Bank. The NMG, by far the largest listed of the Aga Khan’s commercial interests
in East Africa, had a market value of Sh48.5 billion by close of business at
the NSE on Wednesday. Aga Khan’s stake at the company is 44.66 percent where
his shares are held under the Aga Khan Fund for Economic Development
The Aga
Khan
Over the 12 month period, his wealth in the company grew by
Sh10.1 billion from Sh11.64 billion to Sh21.75 billion as the company’s share
moved from Sh166 to Sh312. In Tourism Promotion Services (TPS) East Africa, a
holding company that has in its stable 21 hospitality establishments (13hotels
and eight lodges) marketed through Serena Hotel and Lodges brand name, his
wealth grew by Sh657 million from Sh3.1billion to Sh3.7billion. His shares in
TPS East Africa are held through Aga Khan Economic Fund for Development,
Industrial Promotion Services, Aga Khan University Investments, Property
Development and Management (PDM) Holding, and Craysell Investment. In Diamond
Trust Bank, his shares are held under Aga Khan Fund for Economic Development,
Habib Bank, Craysell Investment and PDM Holding. In the past 12 months, his
wealth in the bank grew by Sh4.9 billion from 6.7billion to 11.68 billion. In
Jubilee Insurance, where his shares are held under Aga Khan Fund for Economic
Development, his wealth grew by Sh1.9 billion from Sh4.09 billion to Sh6
billion.
Ndegwa
family
Though heavy investors in a wide range of sectors: from
farming, shipping, real estate and insurance, the family of the late Philip
Ndegwa are in the securities market only through the National Industrial Credit
(NIC) bank. The family’s shares in the NIC are held through First Chartered
Securities Ltd and ICEA Assets Management Ltd whose directors are the late
Ndegwa sons, James and Andrew. In the past one year, the Ndegwas wealth grew by
Sh2.84 billion from Sh4.6 billion to Sh7.46 billion.
Dr James
Mwangi
With a 3.45 per cent shareholding, Dr Mwangi is the biggest
individual investor in Equity Bank. In the period under consideration, his
wealth in the bank grew by Sh1.81 billion from Sh2.64billion to Sh4.46billion.
The Equity Bank boss is also one of the biggest shareholders in life insurance
firm, Britam, where his wealth grew by Sh187.5 million from Sh438.7million to
626.2million.
Chris
Kirubi
The industrialist and media owner’s investment in the NSE is
through the Centum group. He was also the third largest shareholder in the
Kenya Power company but has since sold his shares to Mama Ngina Kenyatta. In
Centum, Kirubi’s investment grew by Sh1.41 billion while his worth in Kenya
Power grew by Sh39 million to Sh269.9 million from Sh230.9 million.
Moi
family
Former President Moi’s most visible investments at the NSE
are in Standard Chartered Bank and the Standard Media Group. In Standard
Chartered where his shareholding is held under Kabarak Ltd, his wealth grew by
Sh387.7million from Sh568.8million to Sh956.5million. In the Standard Media
Group where his shares are held under SNG (Standard Newspaper Group) holdings,
his investments increased by Sh409million from Sh1.297billion to Sh1.7billion.
Jimnah
Mbaru
Mbaru’s flagship business is the securities brokerage firm,
Dyer and Blair. He is also a major shareholder in Britam and Transcentury Group
where his wealth grew by Sh690.5 million. In Britam, his investments grew by
Sh548.2 million from Sh1.28 billion to Sh1.83 billion, while in Transcentury
his wealth increased by Sh145.2million from Sh581million to Sh726 million.
Peter
Munga
The Equity Bank founder chairs the bank’s board where he is
listed among the top 10 largest stock owners with a 0.61 per cent shareholding.
In Equity, his wealth grew by Sh319.4million from Sh465million to Sh784 million
while he increased his worth in Britam by Sh187.5million from Sh438.7million to
Sh626million.
Benson
Wairegi
The chief executive of Britam, Wairegi, joined the firm fresh
from university rising up to his current position. He is one of the biggest
shareholders in both Britam and Equity Bank where his wealth increased by
Sh380million. In Britam, his investments increased by Sh250.7million from
Sh586.7million to Sh837.4million while his Equity Bank stake increased by
Sh129.3million to Sh317.6million from Sh186.3million.
Naushad Merali
He is the Kenyan version of US investment guru Warren Buffet
with a knack for striking business deals while they are hot. Merali’s
investments at the NSE are spread across agricultural, automobile and
manufacturing sectors. His controlling interests are in Sasini Tea and Coffee,
tyre manufacturer Sameer Africa and battery manufacturer Eveready East Africa.
Through the three companies, Merali’s fortune grew by Sh431.7million. In
Sasini, his investments which are held through Legend Investment, Yana Towers
and East Africa Batteries grew by Sh246million from Sh1.477billion to
Sh1.723billion while in Sameer Africa his wealth grew Sh119.4million to
Sh844.4million from Sh724.9million. In Eveready East Africa where his shares
are held under East Africa batteries, his investments grew by Sh66million.
Somen
Family
The Somen family came to the limelight when it listed Access
Kenya, a communication company that sells corporate bandwidth, small offices
and up market homes across the country. The company has been in the news lately
following a bid by South Africa firm, Dimension Data PLC, to buy all the 218
million shares in the company. Somen family’s shares in Access Kenya are held
separately by three members of the family, the patriarch Michael Somen, and his
two sons Jonathan and David. Jonathan, the company’s managing director, is the
majority shareholder followed by David and his father in that order. Their
wealth increased by Sh323.6million in the last 12 months. Jonathan’s worth in
the company increased by Sh181.3million from Sh172million to Sh353.3million
while David’s grew by Sh78million from Sh74million to Sh152million.Michael’s
worth grew by Sh64.3million from Sh61million to Sh125.3million.
Gideon
Muriuki
The Cooperative Bank managing director is the second biggest
shareholder in the bank and the biggest individual shareholder. He gained
Sh216million from his seven percent shareholding pushing his investments’ worth
from Sh1.095billion to Sh1.31billion. Muriuki is also the biggest shareholder
in CIC Insurance.
Ashok
Shah
The founder of APA Insurance firm is one of the major players
in both general and life insurance. His investments in NSE are spread across
automotive, commercial, banking and insurance. His name features among the top
shareholders in CMC Motor Group, Barclays Bank, Kenya Airways, and Pan Africa
Life Insurance where his investments grew by Sh26.1 million. In Barclays Bank,
his wealth grew by Sh2.4million from Sh6.1million to Sh8.6million, while in Pan
Africa Life his portfolio gained by Sh39.6million.
From the people
President Museveni Narrowly Escapes Being Shot Dead by His Bodyguard
 |
This could have been President Museveni’s last seen
photo had his bodyguard’s shot found its mark. The shot was fired shortly after
this photo was taken. Here he chats with (L-R) Deputy Speaker of Parliament Jacob
Oulanyah, Speaker Rebecca Kadaga and EALA Speaker Margaret Zziwa at Parliament
yesterday
|
The whole incident has been kept out of all main Ugandan and Kenyan newspapers, the London Evening Post reports. It appears no one wants it said that Museveni faced near death at the hands of one of his own highly trained body guards.
According to the report, President Museveni had just wrapped up speaking at the East African Legislative Assembly (EALA) at parliament in Kampala and was headed to his waiting convoy when the shot was heard, coming from amongst his security guard.
One of the country’s legislators spoke to the London Evening Post on condition of anonymity and explained what happened: “It was unfortunate for the young man (the body guard) who was just boarding a military pick up when his pistol fell from his waist and let off a shot.”
The guard, dressed in a black suit, was traveling in the third pick-up escort truck in President Museveni’s long 20-vehicle motorcade. He was immediately shot and wounded by one of his colleagues who believed he’d attempted to take the Museveni’s life.
In the pandemonium that followed, legislators fled the scene, the president was quickly secured in his bullet-proof vehicle and the wounded body guard with the errant weapon was bundled off in another truck in the motorcade, which departed in haste.
The question still remains: was this a deliberate attempt on Museveni’s life. The London Evening Post cited inside sources who did say it was unusual for the safety catch on a guard’s weapon to be off and ready to be fired.
Museveni has enemies, as is expected when one holds on to power for over a quarter of a century, but the Evening Post did point out another reason the long-term president might have acquired fresh disdain.
A plan known as the “Muhoozi Project” came to light, so named as it involves Museveni’s alleged plans to hand over control of Uganda to his son.
A letter by a General Sejusa asking authorities to investigate threats against those who oppose the “Muhoozi Project” was published in the Daily Monitor newspaper and the Red Pepper tabloid in Uganda.
Both papers were shut down by police.
The Ugandan president’s tight leash on the nation’s media perhaps explains why not one paper reported about his near death experience, the London Evening Post speculated.
BREAKING NEWS:MOURINHO APPOINTED
MOURINHO APPOINTED
Chelsea Football Club is delighted to announce the appointment of Jose Mourinho as First Team Manager.
Mourinho has signed a four-year contract and will return to the club where he won two Premier League titles, an FA Cup and two League Cups between 2004 and 2007.
Ron Gourlay, Chelsea FC Chief Executive, said: 'I am delighted to welcome Jose back to Chelsea. His continued success, drive and ambition made him the outstanding candidate.
'It is our aim to keep the club moving forward to achieve greater success in the future and Jose is our number one choice as we believe he is the right manager to do just that.
'He was and remains a hugely popular figure at the club and everyone here looks forward to working with him again.'
Since leaving Chelsea in 2007, the 50-year-old Portuguese has worked in Italy with Inter and Spain with Real Madrid, lifting three league championships, two domestic cups and the Champions League.
Originally appointed at Stamford Bridge in 2004, immediately after winning Europe's top competition with Porto, he quickly achieved success securing his first trophy for the club as early as February 2005, when we beat Liverpool 3-2 after extra-time in Cardiff to win the Carling Cup. We went on to win the league that season with a record 95 points and a record low of just 15 goals conceded in 38 games.
The club celebrated consecutive championships in our centenary 2005/06 season, secured with a 3-0 win over Manchester United in late April, and the next campaign we were able to add the Carling Cup with victory over Arsenal in Cardiff, and the FA Cup when United were beaten again in the first senior game at the new Wembley.
Mourinho departed by mutual consent in September 2007, going on to develop his already impressive CV by winning the Serie A twice in two years and the Champions League with Inter, before joining Real Madrid in 2010, where he lifted both La Liga and the Copa Del Rey, ending his stay in Spain yesteday.
He brings three coaching staff with him in Rui Faria, Silvino Louro and Jose Morais. Each carries the title of Assistant First Team Coach and will work alongside current first team staff Steve Holland, Christophe Lollichon and Chris Jones.
The new manager will be officially presented in a press conference at Stamford Bridge on Monday 10 June, further details of which will follow in due course.
from:www.chelseafc.com
Jose Mourinho is back
Jose: I’ll be back with Blues this week
JOSE MOURINHO last night broke his silence
to confirm for the first time he is the new Chelsea boss.
As we exclusively revealed on May 3, the
Special One has quit Real Madrid and sealed his return to Stamford Bridge.
Mourinho told leading Spanish TV football
show Punto Pelota: “I’m going to London on Monday and at the end of the week I
will be the manager of Chelsea.
“I feel the people there love me and in
life you have to look for that.
“Life is beautiful and short and you must
look for what you think is best for you.”
from thesun.co.uk
RIP Papa Wemba
IT IS WITH EMOTION AND GREAT SADNESS THAT WE LEARN THE DEATH OF JULES SHUNGU Wembadio BOLT Kikumba. aka PAPA WEMBA THE KING OF THE SAPE SINGER AND AFRICAN ORIGIN CONGOLAISE OCCURRED THIS SATURDAY 1 JUIN 2013 KINSHASA. HE WAS 64 YEARS bye bye maestr
WHY TO BE RICH IS NOT GOOD
I visited a very rich friend, the maid approached me and .....
Question: What drink do you want? Fruit juice, soda, tea, chocolate, cappuccino, coffee or frapuccino?
Answer: tea please.
Question: Ceylon tea, Indian tea, herbal tea, bush tea, honey tea, iced tea or green tea?
Answer: Ceylon tea please
... ... Question: How do you please, black or white?
Answer: white
Question: Milk or cream?
Answer: milk
Question: goat's milk or cow's milk?
Answer: With cow's milk please
Question: Cow Cow Europe or Africa?
Answer: Hmm, I think I'll take Africa
Question: do you want with sweeteners, sugar or honey?
Answer: with sugar
Question: beet sugar or cane sugar?
Answer: sugar cane
Question: White sugar, brown or yellow?
Answer: Hey, forget the tea, just give me a glass of water
Question: mineral water, tap water or distilled water?
Answer: mineral water
Question: Flavored or unflavored?
Answer: I say oh my darling, I made you quoiii?
