Business

Revealed:Full list of multi_billion businesses owned by the Kenyatta family

The business empire of Kenya’s founding president, Jomo Kenyatta, has been moving from strength to strength steered by younger family members who are now part of the business.

President Uhuru Kenyatta’s assumption of power in 2013 further served to oil the Kenyatta business juggernaut with most of the family ventures shifting into expansion mode.

Companies owned by Kenyatta family

1.NCBA GROUP

2.2) Mediamax Group

The Kenyatta family has a firm foot in the media industry through Mediamax Group which owns K24 TV, Kameme FM and The People Daily. Kameme and K24 are wildly popular.

The Kenyatta family took over MediaMax from Rose Kimotho.

3) Heritage Group Of Hotels

Some of the recreational facilities and hotels under the heritage brand include:

a. Great Rift Valley Lodge, a posh hotel located 24km from Naivasha town. It has an 18 hole championship golf course, its own airstrip and a perfect view of nature.

b. Beach Hotels that include Voyager Beach Resort in Mombasa and Kipunguani Explorer in Lamu.

4) Brookside Dairies

The family’s signature milk processor Brookside Dairies Ltd, set up in 1993, has since become the market leader in milk processing and allied products in Kenya and the region.

Back in 2013, Brookside acquired Molo Milk brand for Sh. 1.1 billion and this led to the company having a market share of around 55 per cent in Kenya.

The acquisition was topped up with the establishment of a 1,500-litre capacity milk cooling plant in Narok.

Brookside also controls Ilara, Delamere, Kilifi, and SpinKnit (makers of Tuzo milk brand). The brand has also established a firm stand across the East African region.

Additional Kenyatta family businesses

It is said some of Uhuru Kenyatta businesses are run under the radar. The family has been linked with:

Beta Healthcare (Pharmaceutical firm)

Timsales Holdings (Timber firm)

Land and Farming (Gicheha Farm located in Nakuru County)

Commercial buildings – (real estate properties owned by Kenyatta family)

Peponi School (a school that targets high net worth families in Kenya)

Chartis/AIG Insurance

Koto Housing and C-Max

Related Articles

Leave a Reply

Your email address will not be published.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