On May 10, 2020, the Daily Nation reported that Jubilee and KANU had formalised their pre-election deal.
This also formalised a coalition between two of Kenya's wealthiest and most powerful families.
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Today, let's take a look at the Moi family empire
nation.co.ke/news/politics/…
This also formalised a coalition between two of Kenya's wealthiest and most powerful families.
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Today, let's take a look at the Moi family empire
nation.co.ke/news/politics/…
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The late president Daniel Moi’s family is arguably one of the richest in Kenya, based on the business empire it has built over years, with a net worth estimated to be in excess of $3 billion (about Sh310.2 billion).
the-star.co.ke/news/2020-02-0…
The late president Daniel Moi’s family is arguably one of the richest in Kenya, based on the business empire it has built over years, with a net worth estimated to be in excess of $3 billion (about Sh310.2 billion).
the-star.co.ke/news/2020-02-0…
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In May 1970, 3 years after becoming VP in 1967, Moi registered Kabarak Limited, taking advantage of the Ndegwa Commission’s recommendations of 1970 that allowed civil servants and politicians to own and run businesses.
nation.co.ke/news/How-presi…
In May 1970, 3 years after becoming VP in 1967, Moi registered Kabarak Limited, taking advantage of the Ndegwa Commission’s recommendations of 1970 that allowed civil servants and politicians to own and run businesses.
nation.co.ke/news/How-presi…
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With the help of his former Permanent Secretary Kenneth Matiba – a man he would later detain and break – Moi built a small transport business and was contracted to distribute beer in the Rift Valley.
The company went nationwide in 1979 after Moi became president.
With the help of his former Permanent Secretary Kenneth Matiba – a man he would later detain and break – Moi built a small transport business and was contracted to distribute beer in the Rift Valley.
The company went nationwide in 1979 after Moi became president.
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It is this business that grew into the modern-day Siginon Freight, whose original directors were Joshua Kulei, Gideon Moi and Henry Kiplagat.
Siginon Group is one of the largest logistics company in the region today with annual revenues of $100mn
forbes.com/sites/mfonobon…
It is this business that grew into the modern-day Siginon Freight, whose original directors were Joshua Kulei, Gideon Moi and Henry Kiplagat.
Siginon Group is one of the largest logistics company in the region today with annual revenues of $100mn
forbes.com/sites/mfonobon…
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Siginon's name recently came up in the Arror and Kimwarer dam scandal when it was discovered that 10 vehicles bought wit the dam funding were being kept at Siginon Group’s bonded warehouses at the Jomo Kenyatta International Airport (JKIA).
citizentv.co.ke/news/siginon-g…
Siginon's name recently came up in the Arror and Kimwarer dam scandal when it was discovered that 10 vehicles bought wit the dam funding were being kept at Siginon Group’s bonded warehouses at the Jomo Kenyatta International Airport (JKIA).
citizentv.co.ke/news/siginon-g…
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It was during the Moi era that Kamlesh Pattni pulled off Goldenberg, which ultimately cost the country Sh100bn+ when the GDP was Sh900bn (over 10% of GDP) and led to a proliferation of ultra-wealthy individuals surrounding the president.
nation.co.ke/news/How-Golde…
It was during the Moi era that Kamlesh Pattni pulled off Goldenberg, which ultimately cost the country Sh100bn+ when the GDP was Sh900bn (over 10% of GDP) and led to a proliferation of ultra-wealthy individuals surrounding the president.
nation.co.ke/news/How-Golde…
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According to the Ndungu Land Report, so blatant was the land grabbing during the Moi era, that Moi was actually allotted land belonging to the Kongo Mosque in Kwale, reserved for use by the National Museums
kenyalaw.org/kl/fileadmin/C…
According to the Ndungu Land Report, so blatant was the land grabbing during the Moi era, that Moi was actually allotted land belonging to the Kongo Mosque in Kwale, reserved for use by the National Museums
kenyalaw.org/kl/fileadmin/C…
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But it was in agriculture where the real looting and destruction took place.
KCC
KPCU
KTDA
Pyrethrum Board
Cotton Board
Kenya Farmers Association KFA
Agricultural Finance Corporation AFC
Agricultural Development Corporation ADC
nation.co.ke/news/politics/…
But it was in agriculture where the real looting and destruction took place.
KCC
KPCU
KTDA
Pyrethrum Board
Cotton Board
Kenya Farmers Association KFA
Agricultural Finance Corporation AFC
Agricultural Development Corporation ADC
nation.co.ke/news/politics/…
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KPCU was a favorite vehicle for looting and its curious that the Jubilee government seems keen to revive it at this very time.
Here's the story of KPCU
KPCU was a favorite vehicle for looting and its curious that the Jubilee government seems keen to revive it at this very time.
Here's the story of KPCU
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In addition to Siginon, the Mois also own Kent Ship, Maritime, Eagle Airlines, Kenya Aerotech Ltd and Car Track Kenya and interests in CMC Holdings. They are also said to own part of the KQ fleet, which Moi was known to commandeer during his rule.
nation.co.ke/news/Kenya-Air…
In addition to Siginon, the Mois also own Kent Ship, Maritime, Eagle Airlines, Kenya Aerotech Ltd and Car Track Kenya and interests in CMC Holdings. They are also said to own part of the KQ fleet, which Moi was known to commandeer during his rule.
nation.co.ke/news/Kenya-Air…
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In real estate, the family owns:
-Sielei Properties Ltd
-Chester House
-Mugoya construction
-Regent Management
-Paradise Holdings
-Homestead Enterprises
-Gateway Properties
-Courtyard Property Investment
... as well as properties in London, South Africa and the US
In real estate, the family owns:
-Sielei Properties Ltd
-Chester House
-Mugoya construction
-Regent Management
-Paradise Holdings
-Homestead Enterprises
-Gateway Properties
-Courtyard Property Investment
... as well as properties in London, South Africa and the US
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Per the Kroll Report, Moi partnered with Joshua Kulei, a close associate on a number of businesses:
-Sian Roses
-Ngata Flower Farm in Nakuru
-Kulei and Gideon each owned 12.5% of Siginon Freight, while Kabarak High School owns 75%
nation.co.ke/news/biwott-ku…
Per the Kroll Report, Moi partnered with Joshua Kulei, a close associate on a number of businesses:
-Sian Roses
-Ngata Flower Farm in Nakuru
-Kulei and Gideon each owned 12.5% of Siginon Freight, while Kabarak High School owns 75%
nation.co.ke/news/biwott-ku…
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Wondering why everyone seems to be in the flower business and maybe why it seems to be the focus today at a time when billions in foreign aid is flowing in?
Peter Warutere in "Detecting and Investigating Money Laundering in Kenya" has the answer
issafrica.org/chapter-4-dete…
Wondering why everyone seems to be in the flower business and maybe why it seems to be the focus today at a time when billions in foreign aid is flowing in?
Peter Warutere in "Detecting and Investigating Money Laundering in Kenya" has the answer
issafrica.org/chapter-4-dete…
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Moi also partnered with Biwott on a number of businesses including
-Lima Ltd (FMD Ltd), one of the biggest dealers in farm equipment
-Trans National Bank
Lima recently lost a case to the EACC with respect to public land it had been allotted.
the-star.co.ke/news/2019-04-1…
Moi also partnered with Biwott on a number of businesses including
-Lima Ltd (FMD Ltd), one of the biggest dealers in farm equipment
-Trans National Bank
Lima recently lost a case to the EACC with respect to public land it had been allotted.
the-star.co.ke/news/2019-04-1…
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Transnational bank, with assets worth Sh10bn was acquired by Access Bank from Nigeria last year
businessdailyafrica.com/news/Moi-famil…
Transnational bank, with assets worth Sh10bn was acquired by Access Bank from Nigeria last year
businessdailyafrica.com/news/Moi-famil…
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Aside from Transnational Bank, the family has also held stakes in Equatorial Bank, First American Bank, Giro Bank ‚ Giant Forex Bureau, Equity Stock Brokers and Sovereign Group.
Aside from Transnational Bank, the family has also held stakes in Equatorial Bank, First American Bank, Giro Bank ‚ Giant Forex Bureau, Equity Stock Brokers and Sovereign Group.
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The Kroll Report also mentions 40% ownership of Safaricom
Then in 2009, a shadowy company called Mobitelea, which had a 5% stake in Safaricom, made more than Sh6bn through the sale of 2bn shares they held
The Moi link has never been comfirmed tho.
businessdailyafrica.com/markets/539552…
The Kroll Report also mentions 40% ownership of Safaricom
Then in 2009, a shadowy company called Mobitelea, which had a 5% stake in Safaricom, made more than Sh6bn through the sale of 2bn shares they held
The Moi link has never been comfirmed tho.
businessdailyafrica.com/markets/539552…
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In media, the family owns part of the NSE-listed 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.
Mkt Cap: Sh1.6bn
In media, the family owns part of the NSE-listed 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.
Mkt Cap: Sh1.6bn
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In hospitality, the family owns Sheraton Group (Sheraton Holding), InterContinental Hotels and Safariland Club, with other investments spreading across the industry.
businessdailyafrica.com/economy/Moi-fi…
In hospitality, the family owns Sheraton Group (Sheraton Holding), InterContinental Hotels and Safariland Club, with other investments spreading across the industry.
businessdailyafrica.com/economy/Moi-fi…
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When UK-based Chloride Group wanted to sell its franchise in Kenya, it was Moi who took it up and named it Associated Batteries Manufacturers (ABM)
For many years, it had a monopoly, earning the Moi family a fortune.
When UK-based Chloride Group wanted to sell its franchise in Kenya, it was Moi who took it up and named it Associated Batteries Manufacturers (ABM)
For many years, it had a monopoly, earning the Moi family a fortune.
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On land, Moi bought 2,344 acres in Kampi ya Moto for Sh60,000 in 1964.
Later on, he hived off the Mau forest to build the 4,000 acre Kiptagich Tea Factory in a free for all that saw 60,000 acres of forest grabbed by the likes of Ntimama & Ole Tipis.
nation.co.ke/news/How-Moi-p…
On land, Moi bought 2,344 acres in Kampi ya Moto for Sh60,000 in 1964.
Later on, he hived off the Mau forest to build the 4,000 acre Kiptagich Tea Factory in a free for all that saw 60,000 acres of forest grabbed by the likes of Ntimama & Ole Tipis.
nation.co.ke/news/How-Moi-p…
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Moi also owned Kaisugu Estate, managed by his son John Mark, and Theta Tea Estate in Nandi, managed by his daughter Jennifer.
Further, he owned a 17,000-acre ranch in Samburu known as either Eland Downs or Kabarak Farm, which he donated to the African Wildlife Foundation
Moi also owned Kaisugu Estate, managed by his son John Mark, and Theta Tea Estate in Nandi, managed by his daughter Jennifer.
Further, he owned a 17,000-acre ranch in Samburu known as either Eland Downs or Kabarak Farm, which he donated to the African Wildlife Foundation
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Quite hilariously, the former President and his aide, Joshua Kulei once acquired a 20-acre piece of land in Roysambu, Nairobi, in 1992 using a company that had not yet been formed, and then sold it to Uchumi.
nation.co.ke/news/Daniel-Mo…
Quite hilariously, the former President and his aide, Joshua Kulei once acquired a 20-acre piece of land in Roysambu, Nairobi, in 1992 using a company that had not yet been formed, and then sold it to Uchumi.
nation.co.ke/news/Daniel-Mo…
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While it's been a long time since 2007 when Kroll did their report, here's a list of 31 companies in which Gideon Moi was said to have an interest
Warning: It does feel like these people own half the country...
wikileaks.org/wiki/The_looti…
While it's been a long time since 2007 when Kroll did their report, here's a list of 31 companies in which Gideon Moi was said to have an interest
Warning: It does feel like these people own half the country...
wikileaks.org/wiki/The_looti…
