Report: Why the Kenyattas own Nairobi’s Kijabe Street

When country’s wealthiest families are listed down, the Kenyatta family finds itself among the top names of wealthiest Kenyans. The family, which has given Kenya its first and fourth presidents is incredibly wealthy. Kijabe Street in Nairobi’s CBD points to large number property owned by the First Family, across the country.

Kijabe Street is different from any other streets within the CBD. According to reports, almost 80 percent of all property along the busy street, are owned by the Kenyattas.

The shops, offices, warehouses and facilities, including hotels along Kijabe Street are owned by the Kenyattas. In fact, Mediamax and the Jomo Kenyatta Foundation, owned by the First Family are all , located along Kijabe Street.

Uhuru Muigai Kenyatta is the current and  4th President of Kenya. He has been the President of Kenya since 2013. He is the son to Jomo Kenyatta, first President of Kenya.

Uhuru is renowned as the most affluent person in Kenya. He owns a number of different companies and his net worth is estimated at Sh 50 billion.

Here are the nine companies owned by the president,

1. Tourism~ the multibillion world-class hotel chain is known as Heritage Hotels

2. Banking~ CBA A regional bank with an Asset base of 75.4 billion

3. Insurance ~ Chartis formerly AIG with a market share of 5%

4. Dairy~ Brookside and Spin Knit

5. Education ~ Peponi schools, an international chain of schools that charge an AVERAGE OF 620,000/= per term per child for Borders

6. Farming~ Large-scale coffee, tea and Sisal farming concerns, own farms in Central, Rift Valley and coast regions

7. Media ~ Mediamax Group, owns K24 TV, the people Newspaper, Kameme Fm, Meru Fm and Milele Fm

8. Enke limited ~ holding company with interests in an assortment of sectors that include Prime and Real Estate

9. Timber & manufacturing ~ Timsales Holdings, A timber processing and constructing firm.