Daniel Moi financed Kenyatta’s 100% during his term of 24 years. It wasn’t 24 years of herding goats. Jomo Kenyatta died land rich but poor money wise. Kenya wasn’t robust enough yet in the 70s to make money for anyone. Moi established CBA bank for mama Ngina and injected much needed resources into Mzee Kenyatta’s pool. By the time Jomo passed, his wealth was being salivated upon by kith and kin. However Moi handled them and rebuilt the family into one of Kenya’s wealthiest. However, many know that there are few individuals wealthier than the Kenyatta’s even amongst the Kikuyu community. Mostly Asians, Kikuyus and some Kalenjins.
You need to understand that in Kalenjin it’s improperto show off wealth, not unless your name is Donald “validate me now” Kipkorir.
Even with a gun on his head, you won’t get Ruto to discuss his wealth publicly, it’s not part of his culture. But we like saying how much he has stolen. Ruto’s money is peanuts compared to this fallen giant.
Let’s get this excerpt about Moi’s money for starters and see what Moi family owns
The late Daniel Moi’s family is believed to have a net worth of property estimated to be in excess of $3 billion (about Sh310.2 billion).
The family has over 100 companies across different sectors, with interests in many other public and privately owned business locally, in Africa and overseas.
The Moi family owns either fully owned or have shares in a number of banks and financial entities. Among them is Trans-National Bank, Equatorial Bank, First American Bank, Giro Bank ‚ Giant Forex Bureau, Equity Stock Brokers and Sovereign Group.
The family owns Standard Group, the parent company to Kenya Television Network (KTN), Standard Newspaper and a number of radio stations, including Radio Maisha. Other subsidiaries include Rowland Printing and Baraza Limited.
Transport and logistics
In the transport sector, the Moi family owns Siginon Group, East Africa’s largest integrated logistics services provider, which incorporates Siginon Global Logistics, Siginon Aviation and Siginon Freight Holdings. The over 30- year-old end-to-end logistics and air cargo solutions provider is based in Kenya with operations in Tanzania and Uganda. The family also own Kent Ship, Maritime, Eagle Airlines, Kenya Aerotech Ltd and Car Track Kenya Ltd and interests in CMC Holdings. It is also said to own part of the Kenya Airways fleet.
In real estate, the Mois are associated with Sielei Properties Ltd, Chester House, Mugoya construction, Regent Management (believed to be about 200 houses), Paradise Holdings, Homestead Enterprises , Gateway Properties and Courtyard Property Investment. The family also owns homes in Lavington House, Karen Residence, Nakuru Residence. It owns several unidentified properties in the United States of America and has property interests in South Africa.
The family has huge investments in agri-business, with entities such as the Sasine Group of farms, Fresh Produce Ltd, Chemusian Company, Sian roses, one of the leading fresh roses exporter, and Kiptagich Tea Estate. The family also owns a Tobacco Farm in Malawi (100%).
The family has invested in the telecommunication sector, with interests in Chesco Ltd, Cable Wireless and sizable shares in Safaricom Kenya (together with Biwott, J.K. Chepkwony and Charles Field Marsham).
Some of the common institutions owned by the Moi family include Nairobi-based Sunshine National School, Kabarak University and Kabarak High School, Sacho High School, Moi Educational Centre and the Moi Africa Institute Kabarnet Gardens, with interests in many other international schools and local institutions.
Hotel and tourism
In the hospitality industry, huge investments lie in hotels, among them Sheraton Group (Sheraton Holding), InterContinental Hotels and Safariland Club, with other investments spreading across the industry.
General business and others
Other entities owned or with shareholding of the Mois are Taurino Enterprises, Giant Holdings Ltd, Revak Ltd, Sudbury Ltd, Sudbury Investments, Westfield International Ltd, Hampstead Enterprises, Metipso Services Ltd, Maternity Shop, The Duty Free Company and Eveready Company.
The family also owns Tiger Farm Ltd, First Force Security Company, Hahuru Investors, Concord Holdings, National Milling Company and Ectar Kenya Ltd among others.
On land, the Mois own hundreds of acres of parcels in different parts of the country with a value running into billions of shillings.
A revelation by WikiLeaks in the early 2000s linked the Mois to shell companies, secret trusts and frontmen used to cover over $2 billion worth of state money, with finances laundered across the world to buy properties and companies in London, New York and South Africa and even a 10,000ha ranch in Australia.
Countries involved in the corrupt dealings with Kenya during Moi’s regime, according to the report, include Australia, Belgium, Brunei, Canada, Finland, Germany, Grand Cayman, Israel, Italy, Japan, Jersey, Liechtenstein, Liberia, Luxembourg, Malawi, Namibia and the Netherlands.
Others are Puerto Rico, Russia, Somalia, South Africa, Sudan, Switzerland, the UAE, Uganda, the United Kingdom, the United States and Zaire.
And in each… mzee got in. Gideon is wealthier than 500 Rutos with Nyoro as saucer.
Some of us who know these closely wonder when we hear you talk of how Ruto has stolen. It’s the one thing that validates Migunas word “zombie”. What power has Ruto ever yielded to steal and be untouchable? I’m not saying he’s clean, no, I’m saying Ruto is ligi ndogo.
And you hear all this through Moi controlled media.
The only wealth Moi lost, is the kalenjin voter. His money cant buy that.
Despite all these, he’s still our fallen Kuugo, our Agui….our father. We bless his soul.
Let’s see if his son is now ready to tussle politics like a man.