They are not millionaires but some of Kenya’s self made billionaires
who are doing it big in the country. Let’s take a look of how they
managed to be mega-super rich.
1. Nelson Muguku - Muguku Poultry Farm
He started with two hens which would later help him join this list. How did he do it? With only two hens, a cock and with Sh2,000 in his pocket, he began his long journey to join the billionaire’s league. In 1965, Muguku bought a 22-acre farm, Star Ltd for Sh100,000 from a white veterinary doctor, and started a hatchery with a 9,000-egg incubator. He later renamed the farm Muguku Poultry Farm.He at one time supplied eggs to Sir Malcolm MacDonald, the last governor and Kenya’s first Prime Minister Mzee Jomo Kenyatta at State House. He died at the age of 78 as the largest individual shareholder of Equity Bank.
1. Nelson Muguku - Muguku Poultry Farm
He started with two hens which would later help him join this list. How did he do it? With only two hens, a cock and with Sh2,000 in his pocket, he began his long journey to join the billionaire’s league. In 1965, Muguku bought a 22-acre farm, Star Ltd for Sh100,000 from a white veterinary doctor, and started a hatchery with a 9,000-egg incubator. He later renamed the farm Muguku Poultry Farm.He at one time supplied eggs to Sir Malcolm MacDonald, the last governor and Kenya’s first Prime Minister Mzee Jomo Kenyatta at State House. He died at the age of 78 as the largest individual shareholder of Equity Bank.
2. Tabitha Karanja - Keroche Industry Limited.
She is the first female brewer in Kenya and her success story has not been a smooth sailing. According to Tabitha, the journey has been rough and turbulent since 1997 when she ventured into the wine industry. For over 12 years, Tabitha fought a lone battle with giant multinationals in the fortified wines industry. Tabitha says she almost gave up along the journey as some people embarked on a smear campaign to bring down her emerging empire. But instead of bringing her down, this motivated her and even made her strong and ready to venture into any business.
She is the first female brewer in Kenya and her success story has not been a smooth sailing. According to Tabitha, the journey has been rough and turbulent since 1997 when she ventured into the wine industry. For over 12 years, Tabitha fought a lone battle with giant multinationals in the fortified wines industry. Tabitha says she almost gave up along the journey as some people embarked on a smear campaign to bring down her emerging empire. But instead of bringing her down, this motivated her and even made her strong and ready to venture into any business.
3. Titus Muya - Family Bank of Kenya Ltd
He always harboured the idea of starting something big. He says the ministry of finance could not offer him a license since he didn’t have the capital nor the experience in banking. Despite many pitfalls, he found his breakthrough. With only Sh2000 he applied for a Sh500,000 loan with a company known as Thabiti Finance (now defunct). It got approved quickly and started business. “I had a partner but I drove the business.” Titus said.
He always harboured the idea of starting something big. He says the ministry of finance could not offer him a license since he didn’t have the capital nor the experience in banking. Despite many pitfalls, he found his breakthrough. With only Sh2000 he applied for a Sh500,000 loan with a company known as Thabiti Finance (now defunct). It got approved quickly and started business. “I had a partner but I drove the business.” Titus said.
4. Terry Mungai - Ashleys Beauty Saloon
From a successful banker to a cosmetologist Terry Mungai is the director of Ashleys Hair and Beauty Academy who also holds the license for the Miss World Franchise-Kenya.
Terry says she is attached to Ashleys because it her brainchild which helped her land on her foot in 1994. However, life is not a bed of roses – I face challenges just like any other women who juggle between family and work.
5. Kimani Rugendo - Kevian Kenya
For many years, Kimani Rugendo was associated with Nairobi politics more than business. After trying unsuccessfully to win a parliamentary seat, Mr Rugendo opted to focus on his family business as its managing director. Kevian first product was drinking water until it Kimani decided to venture into the juice business. Kevian has since transformed itself into a whole fruit juice company with two plants, one on Ngong Road and the other in Thika, established in 2005. It also launched two strong juice brands — Pick ‘N’ Peel and Afia.
6.The Suraya’s. Suraya Properties
Suraya Property Group Ltd is a real estate company incorporated in 2006 by Mr. Pete and Sue Muraya. Both husband and wife started the company which maybe just years old but they are already working on seven sites simultaneously. They both conceived the idea to become among the leading property development company in Eastern Africa by creating lifestyles that change the way people live, work and play through innovative, eco-friendly housing while establishing wealth.
7. Mary Mwangi. Double M Buses.
She is the founder and proprietor of public transport vehicles dubbed Double M buses. She resigned from an accounts clerical job with the National Hospital Insurance Fund {NHIF} to engage in a business under the tight control of men. Now running a company with a fleet of 105 buses, Ms Mwangi has primed her sights on greater heights as consensus builds that only reforms will save the sector from sinking further into the abyss of disaster. Currently, Double M, as Ms Mwangi’s firm is popularly known comprises hundreds of 24 and 42-seater buses. She has on her books 250 employees of which 25 are women.
THOSE WHO READ THIS ALSO READ : THE HIGHEST PAID TO CLICK SITES
From a successful banker to a cosmetologist Terry Mungai is the director of Ashleys Hair and Beauty Academy who also holds the license for the Miss World Franchise-Kenya.
Terry says she is attached to Ashleys because it her brainchild which helped her land on her foot in 1994. However, life is not a bed of roses – I face challenges just like any other women who juggle between family and work.
5. Kimani Rugendo - Kevian Kenya
For many years, Kimani Rugendo was associated with Nairobi politics more than business. After trying unsuccessfully to win a parliamentary seat, Mr Rugendo opted to focus on his family business as its managing director. Kevian first product was drinking water until it Kimani decided to venture into the juice business. Kevian has since transformed itself into a whole fruit juice company with two plants, one on Ngong Road and the other in Thika, established in 2005. It also launched two strong juice brands — Pick ‘N’ Peel and Afia.
6.The Suraya’s. Suraya Properties
Suraya Property Group Ltd is a real estate company incorporated in 2006 by Mr. Pete and Sue Muraya. Both husband and wife started the company which maybe just years old but they are already working on seven sites simultaneously. They both conceived the idea to become among the leading property development company in Eastern Africa by creating lifestyles that change the way people live, work and play through innovative, eco-friendly housing while establishing wealth.
7. Mary Mwangi. Double M Buses.
She is the founder and proprietor of public transport vehicles dubbed Double M buses. She resigned from an accounts clerical job with the National Hospital Insurance Fund {NHIF} to engage in a business under the tight control of men. Now running a company with a fleet of 105 buses, Ms Mwangi has primed her sights on greater heights as consensus builds that only reforms will save the sector from sinking further into the abyss of disaster. Currently, Double M, as Ms Mwangi’s firm is popularly known comprises hundreds of 24 and 42-seater buses. She has on her books 250 employees of which 25 are women.
THOSE WHO READ THIS ALSO READ : THE HIGHEST PAID TO CLICK SITES

No comments:
Post a Comment