Fiona Farha Kirubi, his mpango wa kando’s daughter from Dubai, won’t be forgotten
By Shifa Mwihaki
The easiest way to wealth is via inheritance-you gladly receive. And the two children of the late billionaire industrialist Chris Kirubi are in for a dizzying financial bonanza.
Kirubi once said “my major talent is making money…. I don’t know how to do anything else” and children Mary-Ann Musangi and Robert Kirubi will have at their disposal inheritance sweeping across consumer products, media, financial services, technology, agriculture, real estate, prime property, land and listed equities valued at Sh30 billion, according to Forbes Africa.
Kirubi once termed Smart Applications International as ‘my favourite investment decision ever’
Add too, Smart Applications International-through which 90 percent of Kenyans pay for their medical insurance via biometric recognition which is also used by companies for employee access to premises and subsidized meals at the cafeteria.
Other clients include insurance and security companies, financial service providers and governments and with footprints in Uganda, Rwanda, Nigeria and South Africa, you can now understand why Kirubi once termed Smart Applications International as “my favourite investment decision ever.”
With the wife out of the picture, the family of daughter Mary-Ann appears to be the fulcrum around which the inheritance will rotate.
Businesses up for inheritance includes stakes in DHL, Bayer East Africa and Haco Industries
Already, Mary-Ann’s hubby, well-connected lawyer Andrew Musangi, was recently named on the board of Centum Investments-where Kirubi was the majority shareholder on the back of his Sh3 billion stake. Musangi, one of the top 10 shareholders at Sameer Africa, was also Kirubi’s lawyer in several business deals and cases.
The businesses up for inheritance also includes stakes in DHL, Bayer East Africa and Haco Industries whose products are distributed in Uganda, Tanzania, Rwanda, Burundi, Ethiopia, Eritrea and Djibouti. There is also Capital FM, once the most profitable radio station in Kenya for its ad revenue.
Robert was rarely involved in his father’s ventures. After leaving Hillcrest School, Nairobi and Canada’s Northeastern University for his undergraduate in science, he decided to hole up in Belgium where he is DHL’s Vice President of Operations for Europe, Middle East and Africa, leaving his sister to run the show.
Musangi is also well connected from his appointment by President Uhuru Kenyatta
Just why, by the time Kirubi was diagnosed with cancer in late 2019, he had already began roping in his daughter into his business orbit. Mary-Ann had sudden ascents into the boards of Sidian bank (majority owned by Centum), Haco, International House Ltd and UAP Insurance before he sold his Sh3.8 billion stake to Old Mutual.
Indeed, Kenyans will continue making Kirubi’s children very rich considering if you buy aspirin; it’s manufactured by Bayer East Africa where he has a 45 percent stake.