Biwott's wealth remains a mystery - News Summed Up

Biwott's wealth remains a mystery


The 77-year-old, who breathed his last yesterday, carries with him to the grave secrets of a vast business empire that he built, but the public largely got barely a glimpse of his net worth. ALSO READ: Biwott's Yaya Centre and the Goldenberg inquiryThe former Kanu party strongman was a major shareholder of Kenol-Kobil, a chain of filling stations across East Africa, and also the proprietor of a domestic airline, AirKenya. His total wealth, however, remains a mystery, just like the man who never owned a mobile phone and instead borrowed from friends or strangers to make calls when the need arose. Although the source of his vast wealth has been questioned, with critics claiming the money came from corruption, it is this same wealth that attracted many to his side. Some of the businesses linked to him include the Sh3 billion Yaya Centre in Nairobi's Hurlingham estate, which is managed by his daughter, Esther Koimett, and shareholdings in HZ Group of Companies.


Source: Standard Digital July 11, 2017 20:26 UTC



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