Vera Sidika Net Worth

Vera Sidika also known as Vee Beiby, is a Kenyan television and social media personality, Fashion Model, Video Vixen, entrepreneur, escort and Socialite who has a Net Worth of $800,000. Born and raised in Mombasa, Sidika gained media attention in her career when she appeared in the P-Unit single, You Guy, that was released in 2012. She has been voted as one of Africa’s top and East Africa’s top video vixens. She is regarded as one of Kenya’s most controversial ladies due to her extraordinary and lavish lifestyle and unique opinions about life in general. Later in 2015, she and her fellow socialites, began to appear in reality TV Series, Nairobi Diaries.

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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.

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Chandaria Industries oligarch minting Millions of Dollars from recycled waste paper Read

True to his nature, in a life-time of business, Mahesh has avoided the press, letting his more flamboyant, media-savvy uncle Manial ‘Manu’ Chandaria take the limelight, but he remains the ‘poster boy’ for the large and wealthy Chandaria clan in Kenya. I turn to Darshan, who is also the CEO of Chandaria Industries and he tells me: “Many people confuse Chandaria Industries that is owned by my father with Comcraft Ltd which is owned by my father’s uncle Manu.” Apparently, Manu’s Comcraft manufactures steel and aluminium products such as iron sheets and kitchenware while Chandaria Industries’ flagship products are tissue paper and hygiene products. “We are in the business of turning waste into money,” Darshin says. “When my grandfather started this company in 1964, he never envisioned what it would later turn out to be until my father joined him a few years later and introduced the manufacture of tissue and hygiene products as our flagship products.” He started by buying a single role of paper to manufacture tissue, and now, 53 years later, we are the leading tissue brand in East Africa, where we have a subsidiary in Tanzania, as well as exporting tissue and hygiene products in 12 African countries, he observes. In the immediate years after independence, elite Kenyan families – Asian, whites and a few blacks who had achieved a choice status in Nairobi – could only rely on imported hygiene products for their upmarket homes. There were no local manufactures offering products in this area. And that was the chance Mahesh’s father saw. No sooner had the manufacturing of hygiene products started, than Chandaria Industries began hitting a record high in revenues. But to make tissue, the company had to rely on imported paper that was quite expensive. Darshan says that the idea of investing in a recycling plant to manufacture tissue paper from waste paper that was plentiful in Nairobi’s numerous dumpsites did not hit his father until 1985. “A second recycling plant was put up in 1989 and that is when waste really started making us money. Our recycling mills churn out kilos of tissue, serviettes and paper from the non-plastic paper waste that collectors bring through our gates from dumpsites allover Nairobi,” Darshin says. Apart from getting waste from dumpsites, Darshin noted that Chandaria industries has entered into a partnership with several companies as well as the United Nations and the US embassy to supply it with waste paper for recycling, getting free waste paper in the process. But a rather riveting revelation from Darshan catches me in awe. Chandaria industries is the only company in the region that is entrusted, even by sensitive State agencies to destroy documents and information within minutes. “Yes we do destroy documents. The Central Bank of Kenya (CBK) and other State agencies bring us printed information which we destroy in our recycling plant,” Darshan says. The Mahesh-led Chandaria family has not made its billions of shillings from the recycling business alone. Years after the family got into tissue and hygiene products manufacture, the evasive patriarch Mahesh stirred it into other money-minting sectors such as banking, real estate, mining and car manufacture. “Our real estate venture, Chandaria Properties is our fastest growing segment. The Chandaria family owns a significant real estate portfolio in Kenya, India and Dubai. We also have a partnership with Tatu City where we will be developing Properties,” Darshan claims. On top of this, Chandaria Industries wants to start a brokerage firm which will help property owners rent and sell property to potential customers. Darshan avers that the latest portion in Chandaria’s empire, is a venture capital initiative which has seen the Chandarias take up an undisclosed stake in Mobius Motors, the Thika based start-up auto firm that is building Africa’s cheapest car. “The low-cost vehicle market in Kenya is growing and we want to be a part of it,” Darshan divulges. The billionaire family also got into a strategic partnership with Barclays Bank of Kenya to buy First Assurance, a bacassurance model firm which offers life insurance policies through the Barclays banking model. Darshin says the business empire that his father and grandfather have struggled to build and foster, has not gone without a battering. Recent government policy decisions have had a bad impact on Chandaria businesses. The high cost of manufacturing especially high electricity costs and huge capital demands when it comes to the purchase of industrial machinery and other equipment have weighed in heavily on Chandaria Industries. Chandaria Industries, the manufacturers of the velvet toilet paper, Nice and soft napkins and serviettes Royale facial tissues, Azhar printing paper, Rosy sanitary pads, among other hygiene products, were on Thursday last week awarded the Superbrand status. This is as Kenyan brands continue to edge up the pan-African brand ladder, cutting a niche in the global markets. The firm which has spread its footprint across the region by establishing recycling plants in Tanzania and Uganda said Rwanda, Dr Congo, Mozambique among other 12 countries form its core export market. It announced Thursday that it will be entering the Malawi market in a broad expansion plan. To be named a Superbrand, you must satisfy brand recognition targets in independent consumer surveys, to show they have achieved the position of household names. But what has greatly rattled the Chandaria ‘clan’ is the recent announcement of plastics ban by the State which his company heavily relies on. “I understand that the main concern is eradicating the use of the plastic bags which are considered a pollutant. But the government should look at its own internal structure of waste management,” Darshin said. “You can ban use of consumer carrier bags. But banning industrial use of the bags could make companies such as ours shut down. Our competitiveness with neighbours like Tanzania and Uganda will go down.” When asked about how much his family empire his worth, he, without batting an eyelid asserts: “We are a family owned business we don’t reveal that.”

Wangui Wa Ngirici Net Worth

Purity Wangui Kuria(Wangirici) is a Powerful Kenyan woman in business and politician who has a net worth of $13 million. Purity is from Kirinyaga County in Kenya and is married to A popular businessman​, Mr Ngirici. She is an aspiring Woman Representative for the County in the Kenyan Parliament. Her campaign is a vicious one that includes huge fleets of Luxury Vehicles, Choppers and Super Bikes.

Kalonzo Musyoka Net Worth

Stephen Kalonzo Musyoka is a Kenyan Veteran Politician Who has a Net Worth of $30 Million. Musyoka who has served in different senior Posts in The Kenyan government Including that Of Vice President is a Moderate Citizen who during The 2017 General Elections in Kenya had Claimed to be Worth a mere Ksh41 Million($400,000). It was however a Big lie, having in mind his total annual salaries and renumeration. 

Ferdinand Waititu Net Worth

Ferdinand Waititu Popularly known as Baba yao is a Kenyan Politician who has a Net worth of $12 Million. He started his career as a Deputy Mayor before becoming a Member of Parliament for Embakasi and Later appointed as An assistant minister in the Grand Coalition government, a post which he did not hold for long after the Court declared him unfit to Hold office. He tried his shot on the Nairobi Gubernatorial post which he lost Narrowly to the Incumbent Evans Kidero. He was later Elected as Member of Parliament for Kabete after the then Member was brutally Murdered. Waititu Stands in line as the Successor to William Kabogo as the Governor of Kiambu if he is Voted in on August.

William Kabogo Net Worth

William Kabogo is a Kenyan politician and Business Mogul who has a Net Worth of $210 million. He is currently the seating Governor of Kiambu and a strong Figure in the Kenyan politics. Not much is Known of him Prior to being The Juja Member of Parliament. Rumours have it that he was a Driver and personal assistant to the Controversial Business Man Mwau  Kabogo has been in the Past connected to Major Drug Cartels around Africa and South America though his Arrest has never been warranted and no Charges have been raised against Him. He was once heard saying that he is a rich man who can use Dollar Bills to Cook for his Family.

Steve Mbogo Net Worth

Steve Mbogo is a Controversial Kenyan businessman, philanthropist and Youth politician who has a net worth of $2.3 million.

Mbogo owns the renowned Della wine estate and twelve 4-star hotels in kenya, this is in addition to the 32 apartments he owns in Nairobi. In other counties the billionaire owns 6 nightclubs in Kisumu, Nairobi and Nakuru. Outside the country the young entrepreneur owns two insurance companies in Uganda. In the aviation industry, he jointly owns a flight training academy that operates in Wilson Airport. He also jointly owns three stock brokerage companies and two law firms under NSE.

Mbogo has been in the news multiple times for Controversial acts and is an aspiring member of Parliament for Starehe, an urban constituency within the Nairobi metropolitan.

Millicent Omanga Net Worth

Millicent Omanga is a Kenyan business Woman, Socialite and politician who has a net worth of $1.7 million dollars. Omanga lives Lavishly and is always seen throwing bashes worth thousands of dollars in posh lounges around the country. She is also a parliamentary aspirant for Representative of Nairobi county women. She has strong ties with the Kenyan presidency and other local leaders.