List Of Businesses, Assets Owned By Moi Family

[PHOTO/ COURTESY]

The late former President Daniel Toroitich arap Moi will go in history as the first retired President of the country to die.

Loved and hated in equal measure, Moi and his family is counted as one of the wealthiest in the country alongside other business and political bigwigs like the Kenyatta family.

His (Moi) wealth is estimated to be at least Ksh310.2 billion ($3 billion), accumulated in the 24 years that he was President between 1978 to 2002.

The wealth entails assets in agri-business, security, construction, real estate, transport, education, hotel industry, banking, aviation, manufacturing, and media.

Read: Last Moments Of Late Retired President Daniel Toroitich Arap Moi

Media

In media, Moi family co-owns Standard Media Group with other tycoons, said to have been his cronies during his reign. Standard Group own Kenya Television Network, Standard Newspaper, Vybez Radio, Spice FM, Radio Maisha.

Other subsidiaries include Rowland Printing and Baraza Limited.

Real estate

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.

Transport and logistics

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 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.

Read:  Government To Use Ksh7 Billion On Moi International Airport Facelift

Financial sector

The Moi family owns or has shares at Trans-National Bank, Equatorial Bank, First American Bank, Giro Bank ‚ Giant Forex Bureau, Equity Stock Brokers and Sovereign Group.

Agri-business

The family owns 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 percent).

Telecommunication

Moi family has shares at Cable Wireless and Chesco Limited. Together with the Biwotts and Charles Field Marsham, the family own a good chunk of Safaricom Plc.

Education

The Mois own Nairobi-based Sunshine National School, Kabarak University and Kabarak High School, Sacho High School, Moi Educational Centre and the Moi Africa Institute Kabarnet Gardens.

Hotel and tourism

The family owns Sheraton Group (Sheraton Holding), InterContinental Hotels and Safariland Club.

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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.

Moi is also linked to shell companies, secret trusts and front men used to steal over $2 billion (Ksh200 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.

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