Jack Ma Buying Uchumi and Nakumatt? Ksh 3.7 Trillion Man May be Buying Kenyan retail Chains

Kenya’s Ambassador Kituyi (Left), President Kenyatta (Centre) and Jack Ma (Right) at The Nairobi Statehouse where they held major Discussion on Investment.

Could Asia’s Big Boy Jack Ma be Targeting the Multi-Million dollar retail Market in Kenya? Details have emerged that the Alibaba group Founder may be looking to buy off the Ailing Uchumi and Nakumatt supermarkets. Ma who has been in The Country this week met many business owners including the Country’s President Uhuru Kenyatta who is also a major Businessman in Africa. Although full details have not yet been revealed, insiders Told our Blog reports that Jack Ma has been showing so much interest in the Two companies of Late.

From Left, IT CS Joe Mucheru, UNCTAD Secretary General Mukhisa Kituyi, President Uhuru Kenyatta and Jack Ma at the Nairobi State House

Jack Ma has built e-commerce firm Alibaba into a behemoth. Its IPO in New York in 2014 set a record as the world’s biggest public stock offering. Though dogged by criticism that Alibaba doesn’t do enough to limit the sale of fakes, Ma is leading Alibaba to ever higher sales. A record $463 billion of business transactions were conducted on Alibaba’s retail platforms in the fiscal year through March 2016. The company set a goal of creating 10 million profitable businesses and 100 million jobs in the next 20 years. Ma made headlines at the World Economic Forum in Davos, Switzerland in January, when he told CNBC that America has no one to blame but itself for its economic issues. Beyond e-commerce, in October 2016 Alibaba’s film unit forged an alliance with Steven Spielberg’s Amblin Partners, giving a potential boost to a struggling effort so far in the entertainment industry. Jack Ma has a Net Worth of Ksh 3.7 trillion.

42 Years in America, Tweng Was the Only thing He brought  back to Africa

One of The Kenyans Deported From America. He has been in America for 42 years and landed back into the Country With Literally Nothing.

A 74-year-old Kenyan who has been in the US for 42 years arrived back home with just the clothes on his back and a brown envelope with phone numbers. He was among seven Kenyans who have been deported as the US government continues to tighten its noose on immigrants. A chartered plane filled with 71 deportees who were mostly Somali nationals, accompanied with US security officials, landed at Jomo Kenyatta International Airport (JKIA) in Nairobi Friday morning.
JKIA police station OCPD Zipporah Waweru said the 71 were deported following their involvement in various criminal activities such as drunk driving, assault and robbery. ‘No name please’ “These were not ordinary people who were hounded out of the streets and then deported. They were involved in criminal acts and some had been in detention in the US correctional facilities,” she said.
The seven Kenyans are Kihanya Charles, Bota Patrick, Githua Paul, Mose Eliud, Nyachae Bosibori Jackline, Ongori Vincent and Seet Sila. Two of them, the Saturday Standard established had been caught trying to cross to Canada using an illegal border point. The 74-year-old, who speaks with a deep nasal drawl — a twang — moved to the US in 1975. He asked us not to publish his name as he is planning to return. He had been arrested for drunk driving. “The judge fined me $1,240 which I paid but immediately I got out of the courtroom, I was re-arrested and sent to a detention camp,” he said. He added that he was in the camp for two weeks before being put on a plane back home. There are at least 500,000 Kenyans living in the US and they send home at least $82 million a year, which is currently Kenya’s third largest source of forex exchange. The seven, who recorded statements at the DCI office before being released will however not be charged in Kenya.
“They (the deportees) didn’t commit any offence here, and we cannot start any criminal proceedings against them,” Waweru said. While they were allowed to walk free after recording statements, their Somali counterparts remained in handcuffs. This is the second batch of immigrants to be deported from the US in five months.

Drug Trafficking made in Kenya: The Art of the big Fish.

Whenever the word Drug Baron is mentioned, Our minds quickly figure and imagine a moustached Short guy from Columbia or Mexico. We have been used to the “El” names in the Narcotics business. We all know how wealthy this guys are, how their business is huge and how ruthless they are to anyone who crosses their paths. We have also heard how Gentle and human they are, generally showing love and support to the poor and in exchange receiving loyalty and following from common men.

Heroin packages, Dollar bills and Firearms. The perfect Starter pack and settings for notoriety

But one thing that really go unnoticed, is the role of Kenya in the drug trade. While it seems well covered, Kenya is one of the greatest drug capitals of the world. We produce some of the biggest names in the narcotics kingpinly who are mostly covered on other high level activities in the country. They live lavishly on beach mansions, drive huge cars and fly private to the world’s most exclusive destinations (Though they are prohibited in many countries already).

Marijuana is the most widely and traded drug in Kenya. Abused by Over 30% of the population. It is also an exported good to neighboring Somalia, Sudan, Tanzania and further across the boulders.

While marijuana is common though illegal, it is not the main art of the big Gammer, it is traded by the “Rich Guys” who in reality are just the average middle class Kenyans. It is cheap around Kenya and used by 3 in 10 of the Kenyans. Heroin and Cocaine are the two major businesses of the wealthy cartels who are also involved in Corruption, Tax evasion, land grabbing and Murder. All these things go together and they are the characteristics of the Kingpins all around the World.

Opium is also grown in hidden fields across the Country. It is the major ingredient in the production of Heroin, at times even abused in it’s raw form.

Many senior Kenyans have been listed by various authorities, and are still in probe on the matters. They include Kiambu Governor William Kabogo, Mombasa governor Hassan Joho, Senator Mike Mbuvi Sonko, former Assistant Minister Harun Mwau, former Kamukunji MP Simon Mbugua and Othaya MP Mary Wambui.

All of them were named in Parliament by Prof Saitoti but denied the accusations and have always insisted the report had no basis.

Cocaine is smuggled into and out of Kenya through the port of Mombasa and major Airports with help of Major officials in the government. Some Kenyan cartels Control major dealings on the Asia-Africa and South America-Africa routes

On June 1, 2011, just six months after the list was presented to Parliament, Harun Mwau was hit by new sanctions. President Barack Obama ordered sanctions on the businesses of seven individuals linked to the drugs trade, among them Mwau and one Naima Mohamed Nyakiniywa.

 

“This report to the Congress, under section 804(a) of the Foreign Narcotics Kingpin Designation Act, 21 U.S.C. 1901-1908 (the “Kingpin Act”), transmits my designations of the following seven foreign individuals as appropriate for sanctions under the Kingpin Act and reports my direction of sanctions against them under the Act,” the letter by Obama to Congress read.

Others on the list were from Mexico, Afghanistan, Colombia and Kyrgyzstan.

The Kingpin Act blocks all property and interests in property, subject to US jurisdiction, owned or controlled by significant foreign narcotics traffickers as identified by the President.

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Babu Owino Net Worth 

Paul Ongili, popularly Known as Babu Owino is a Kenyan University students leader and politician who has a Net Worth of $1.2 Million dollars. He has put his Worth at  between 5-10 million dollars in the past but available resources show that he is way below that Mark.

The Toyota V8 is currently the most expensive car Owned by the flamboyant youth Leader.

Just recently, Babu imported a New Toyota Land Cruiser V8 adding to his collection of cars that include Hyundai Tuscani, Range Rover Sport and a Toyota Prado.

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Akasha Brothers: Million Dollar Drug lords of Kenya. 

For decades, the name Akasha has been synonymous with notoriety and impunity.

This is especially so in Mombasa, where the late patriarch Ibrahim Akasha Abdalla and some of his sons held sway until he was killed in a hail of bullets in the Netherlands in 2000.

Like all prominent families, the Akasha clan embodies a mix of the good and the bad. Naturally, family members proclaim innocence but, significantly, most of them have lived within the law, avoiding jail or being freed on appeal after conviction.

Last week, the late patriarch’s widow, Fatuma, lamented that the Akasha family has been a victim of hostile propaganda and vicious conspiracies by rival businessmen and families, and had never traded in even an ounce of narcotics

The Akasha Brothers with their two Foreign Accomplices during the hearing of their extradition case. The Four are wanted in Manhattan for Drug trafficking

This followed the extradition of the late Akasha’s sons, Baktash and Ibrahim, which presents the most viable opportunity to test claims that this family, which has roots in the Middle East but migrated to Kenya over 60 years ago, has engaged in drug trafficking.

The polygamous Akasha clan has been divided by decades of internal feuds pitting the children of one widow against the children of another. These feuds led to violent clashes, perhaps death but also reconciliation.

But not all the Akasha children are associated with crime — some live quiet lives in Mombasa and abroad. Many who were associated with the internal feuds or faced court before have mended their ways or left to live abroad and resumed normal lives.

Following his father’s death in Amsterdam on May 3, 2000, Baktash emerged as the heir of a vast financial empire that runs across three continents.

Besides charisma and the proverbial nine lives, Baktash, 41, who speaks perfect English despite dropping out of primary school in Mombasa Academy, also appears to have inherited his father’s sense of wit, proclivity for crime, bravado and global networks.

Baktash and his younger Brother Ibrahim Abdalla Akasha

It is said that it is these networks that have landed him in deep trouble with US authorities.

In recent years, Baktash, who first married as a teenager, had lured his younger brother, Ibrahim Abdalla Akasha, into his notorious ways.

Both controlled the empire that survived their father’s death and the violent family feuds that over wealth that followed.

Baktash and Ibrahim are sons of Fatuma, the late patriarch’s third wife.

Before his murder, there was order in the Akasha family, and Baktash and Kamaldin — his slain brother from an unidentified woman but raised by Karima (one of the late Akasha’s wives) — were close and acted as bodyguards for their father.

But hell broke loose after their father’s death, apparently over control of the spoils. Kamaldin was killed at the height of the squabbles, sparking a new wave of blame and violent clashes.

Baktash and his half-brother Hassan (son of Karima) publicly accused their other brother, Nurdin Akasha “Tinta”, for Kamaldin’s murder, which remains unsolved to date.

Baktash Akasha. Young, Rich and Ruthless. He may face life in an American Prison after he was arrested in Mombasa by Kenyan Authorities and Extradited to the US

Baktash inherited most of his father’s wealth and took in Kamaldin’s children and the children of a deceased sister.

When journalists were allowed into Fatuma’s home last Thursday, following Baktash’s and Ibrahim’s extradition to the US, she tearfully said, “My family has been a victim of malicious rumours and plots”.

It was the first time ordinary mortals were being allowed into the palatial residences of the Akashas’ highly secured homes, which have historically embodied wealth and splendour but also terror for those who have crossed the paths of the more violent Akasha sons.

Reporters beheld more than 15 daughters and several sons, all gripped by fear and anxiety as Fatuma declared that “these sons of mine are the breadwinners of this family” to demonstrate the central role played by Baktash and Ibrahim.

HUMAN SIDE

The daughters in particular displayed beauty and humility, and a more human side of this controversial family.

The slain baron had three wives and also had a child with a fourth woman. Karima was the first wife. Her first born was Habab Noordin. Her other children were Hassan and twin daughters.

Kamaldin was born out of a relation between the late Akasha and an unnamed woman he divorced before marrying Karima.

The third wife was Hayat whose children are daughter Najma Bazuna, son Nurdin ‘Tinta’, Durzia, Feisal and Abdalla.

Fatuma was the fourth woman in the late Akasha’s life and is the mother of Baktash, Warda and Ibrahim.

Habab was jailed for 10 years by a Tanzanian court after he was found guilty of being in possession of Mandrax in 1997. He was later freed after the conviction was quashed.

The Standard on Sunday spoke exclusively to Habab, who lives a low profile life in Mombasa. He is regarded as the voice of reason and has mediated several family squabbles.

He declined to say much about his clan but disclosed that the family came to Kenya during colonial times when his grandfather, Abdalla Ibrahim, came from Sudan after years in Iraq.

He said his father, whose date of birth he did not disclose, established a transport firm and formed the Kenya National Transport Company before selling it to the Government after independence.

Tinta lives and operates mining and jewellery businesses in Sudan where Habab’s twin sisters are married.

The Akashas have vast interests in real estate in Mombasa and Nairobi besides owning properties in Zambia, South Africa, Mozambique and Sudan.

Following Akasha’s murder, his fractious family descended into property feuds and succession wars over billions in cash kept in banks in Kenya and abroad besides investments in gold and copper mines in Zambia and South Sudan.

REAL ESTATE

There were also extensive investments in real estate and the transport sector in Kenya, Switzerland, Sudan and Lebanon.

Akashas’s involvement in narcotics has always been shrouded in controversy.

Although some reports suggest the senior Akasha introduced the narcotics trade to his arsenal of businesses in the 1970s and 1980s, the family has always denied any association and until now, none has been successfully prosecuted and convicted.

Significantly, many of Akasha sons and their wives were licensed to carry firearms, which they were accused of misusing.

Recently, it was revealed that police had always been aware that the late Akasha’s licensed gun was never recovered after his death and is still being used by one of his sons without licence.

Baktash’s own firearm was withdrawn after he was arrested following the sudden death of his wife at home.

Despite the change of fortunes, the Akasha family appeared to recover from the troubles that followed the partriarch’s death and the family was confident they were about to overcome their extradition to the US.

However, besides legitimate trade, there were suspicions that their drug trade had been revived and expanded with the arrival in Kenya of Vijaygiri Goswami in Mombasa on November 22, 2012.

In November 2014, Mr Goswami, with whom Baktash and Ibrahim have been shipped to the US, admitted he knew the family patriarch in the early 1980s, in Zambia and other nations of southern Africa.

Goswami, who entered Kenya on a business visa through Jomo Kenyatta International Airport after leaving a Dubai jail a week earlier, appearred to have been resuming an old friendship.

Credit; Standard Digital Kenya, New York post, Teron Extension and Tv

The Fabulous life of Kenyan Organised Sports Gamblers.

Money, That’s the Force that drives the Normal Gambler. I know for those of Us who were born with the worst of luck on that field it sounds crazy and overhyped,  but wait, this is really happening. There are  groups of young, sharp Kenyans mostly made up of University students that has taken the Kenyan betting industry by storm. In smart and well calculated Gambling events, this young Dudes are not at all afraid of staking high. They are placing Multiple of bets in the different gambling platforms,  at times up to a million Shillings a time.

One of the youngins making it big thanks to the Massive Kenyan sports betting industry.
The Sports betting Self styled “kings” can be spotted at times around the worlds posh shopping and holiday destinations

While many more guys are losing some or all of their savings in sports betting,  with some comrades spending all their fee on the Vice, This guys can afford to party in some of the biggest clubs around. With a wide network of connections,  anything is possible for the lot. And as more and more youths are winning and getting smarter,  the number of this New Money Youths can only go far up. 

This “Butterfly” Cinde is one of the biggest motivation for young Kenyans as of now and As you would guess, Some of this betting lucky stars have so far increased it’s population to a Few more pcs on the Kenyan roads.

I will run a Vlog series on our YouTube channel about how these guys are making the millions,  I will seek to Know, is it Magic, Brain or just pure luck. I will also be so interested in Learning just how much profit do these big Fish bettors make in a day. Click on our Youtube channel link on the bottom of this page and subscribe for The upcoming vlogs that will feature Some of the most successful business men and celebrities. 

Kevin Mulei’s BMW i8, A case of Luxury on Wrong Plans? !

Kevin Mulei is without doubt one loaded guy. He has a taste and hand for the fine things life has to offer. A few hours ago, he showed off his Hybrid Model i8 of BMW. While this looks like the best approach, it might not really be a Smart one. The coupe car will have a problem navigating through Nairobi , not because of bad roads but simply Because Kenya has not yet made any such sport car minded infrastructure. Having in mind the issue about Tesla luxury electric vehicles, it will be so hard for Mr. Mulei to enjoy the Electric/ Charging part of the i8. 

All the same here at Teron wish Mr. Mulei was Us, because we would also love to buy a BMW i8 and deal with it’s operation later. We know there are a few more super cars in Kenya that We should review, and we will be doing that in the Next posts. Mean while we love hearing from you. Drop us a comment.

Mike Sonko net worth

Mike Mbuvi Sonko is a Kenyan business man and current senator of Nairobi who has a net worth of $120 million. Sonko is Known for his flamboyant lifestyle and Philanthropy. He is Viewed in Kenya as the most easy-to go-to for donations, with his Outfit”Sonko rescue Team” being used to simply mean philanthropy in Kenya. Sonko has interests in Real Estate and the Motor industry.

Paul Kobia: Hoping to continue the senatorial Flamboyance of Nairobi.

Nairobians have got a common Image of a Senator: Loaded and flamboyant As in the case of the current senator Mike Sonko who is targeting the County’s top job. And in the less contended senatorial seat, for now, enters another heavily loaded Nairobian called Paul Kobia. You guessed right, this is the Controversial billionaire who has always found himself in the thin for being so Critical of the local opposition. He has been quoted in some instances as being Vocally tribal but non has been confirmed yet. The last time we caught up with Mr Kobia, he was with a group of young ripped men believed to be his Personal guards.


Kobia has been in the news for various reasons, including possession of fire arms, Colliding with law enforcement and has mostly been seen as a Close Ally of the Nairobi Senator. To know just how rich Kobia is, Check out his Net Worth on this Site. We would also love to hear what you think about Kobia being the Nairobi senator. Leave a Comment below.