Chris Kirubi

Chris Kirubi
Born 1941 (age 76–77)
Kenya
Residence Nairobi, Kenya
Nationality Kenyan
Citizenship Kenya
Alma mater INSEAD[1]
Handel's University, Sweden[1]
Harvard Business School.[1]
Occupation Businessman, Industrialist, Entrepreneur , Investor
Years active 1971 – present
Known for Business, Philanthropy.
Home town Nairobi
Title Director
Centum Investments

Christopher John Kirubi is a Kenyan businessman, entrepreneur, industrialist and philanthropist. He is a Director at Centum Investments, a business conglomerate, in which he is the largest individual shareholder.[2]

He serves as the chairman of the following companies: (1) DHL Express Kenya Limited, (2) Haco Industries Kenya Limited, (3) Kiruma International Limited, (4) International House Limited, (5) Nairobi Bottlers Limited, (6) Sandvik East Africa Limited and (7) 98.4 Capital FM. He is also one of the architects of the fall of Uchumi supermaket among many. He was has used so much of government in his dealings. He is also Non-Executive Director of (8) Bayer East Africa Limited, (9) UAP Provincial Insurance Company Limited and (10) Beverage Services of Kenya Limited.[3]

Background

Chris Kirubi was born in a poor family. Both of his parents died when he was very young. He began work while still in school, working during school holidays to support himself and his siblings. Upon graduation, his first job was as salesman, selling and repairing gas cylinders for Shell, the petroleum conglomerate.[4]

During the 1960s and early 1970s, Kirubi worked as an Administrator at Kenatco, a government-owned transportation company. Starting around 1971, he began buying run-down buildings in the cities of Nairobi and Mombasa, renovating them and either selling the renovated structures or renting them out. He also began acquiring strategic pieces of land in and around Nairobi, and proceeded to erect rental residential and commercial properties on them, using loans from Kenyan financial institutions.[5]

Holdings

Kirubi's investments include but are not limited to the following: (1) Centum Investments: Chris Kirubi is the largest single investor in the company, whose stock is listed on both the Nairobi Stock Exchange and on the Uganda Securities Exchange.[4][5] (2) He owns 100% of Haco Industries Limited, a Kenyan household goods manufacturer.[4][5] (3) 98.4 Capital FM, is a Nairobi radio station, whose shares he owns 100%.[4][5] (4) Kenya Commercial Bank Group[6] and (5) Nation Media Group[6]

Former investments

At one time, Kirubi owned 9.58% of UAP Holdings, an investment and insurance conglomerate that provides investment and insurance services in the countries of Eastern and Central Africa. In 2015, he sold his shares to Old Mutual and exited the stock.[7]

See also

References

  1. 1 2 3 Centum (31 March 2017). "Centum Annual Report and Financial Statements for the Year Ending 31 March 2017" (PDF). Nairobi: Centum Investments Limited (Centum). Retrieved 22 September 2017.
  2. ↑ Juma, Victor (19 September 2013). "Kirubi Builds KSh1 Billion War Chest for Centum Shares". Business Daily Africa. Nairobi. Retrieved 17 October 2014.
  3. ↑ Reuters (15 July 2017). "Centum Investments Officers: Christopher Kirubi". Reuters.com. Retrieved 15 July 2017.
  4. 1 2 3 4 SKC (22 February 2017). "Chris Kirubi Wealth, Net Worth, Biography and Family". Nairobi: Softkenya.com (SKC). Retrieved 15 July 2017.
  5. 1 2 3 4 Nsehe, Mfonobong (16 November 2011). "Meet Chris Kirubi, Mr. Kenya". Forbes.com. Retrieved 15 July 2017.
  6. 1 2 Juma, Victor (11 September 2013). "Billionaire Kirubi Bets On KCB After He Sells Safaricom". Business Daily Africa. Retrieved 15 July 2017.
  7. ↑ Kangethe, Kennedy (5 February 2015). "Why I sold my stake in UAP Holdings – Dr Kirubi". 98.4 Capital FM. Nairobi. Retrieved 15 July 2017.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.