Murang’a County is not just known for its lush landscapes and rich agricultural heritage; it is also home to some of the wealthiest individuals in the country.
This vibrant region has produced a remarkable array of entrepreneurs and business magnates who have made significant contributions to various sectors, including agriculture, real estate and finance.
In this article, WoK delves into the lives and achievements of the top ten richest people in Murang’a County, exploring their paths to success and the businesses they have built.
1. James Mwangi
James Mwangi, born in 1962, is a prominent Kenyan banker and entrepreneur, currently serving as the Group Managing Director and CEO of Equity Group Holdings Plc.
He transformed Equity from a struggling building society into one of Africa’s largest banks, with over 16 million clients and significant assets.
Mwangi is recognized for his contributions to financial inclusion and has received numerous awards, including the G8 Global Vision Award and the Oslo Business for Peace Award.
He also chairs various initiatives, including Kenya’s Vision 2030 Delivery Board, promoting sustainable development in the region.
2. SK Macharia
S.K. Macharia is a prominent Kenyan media mogul born in 1942.
He is the founder and chairman of Royal Media Services, which operates major outlets like Citizen TV and Radio Citizen.
Macharia has been influential in the media landscape and was recognized on Forbes’ list of African millionaires.
Recently, he faced controversy regarding the shutdown of Directline Assurance, linked to an alleged unauthorized transfer of $3 million, raising concerns about regulatory compliance and financial practices.
3. Peter Munga
Peter Munga, born in 1943, is a distinguished businessman and the founder of Equity Bank, which transformed banking in Kenya.
He established Equity Building Society in 1984 to provide financial services to low-income communities.
Under his leadership, it evolved into Equity Bank Group, now one of Africa’s largest banks.
Munga holds an honorary Doctorate from the University of Nairobi and is known for his philanthropic efforts, including the “Wings to Fly” scholarship program, which supports underprivileged students.
4. Benson Wairegi
Benson Wairegi, born in 1953, is a prominent Kenyan accountant and business executive.
He serves as the Group Managing Director of Britam Holdings Plc, a leading financial services group in East Africa, overseeing its transformation from a small insurance company to a diversified entity operating in seven countries.
Wairegi began his career at PriceWaterhouseCoopers and has held various roles within Britam since 1984.
He holds an MBA and a Bachelor’s degree from the University of Nairobi and is recognized for his contributions to the insurance and asset management sectors in Kenya.
5. Peter Gikonyo
Peter Gikonyo is a notable figure in Kenyan entrepreneurship, known for co-founding Rwathia Distributors alongside Gerishon Kirima.
The duo started their journey as hawkers in Rwathia village, eventually establishing a successful beer and spirits distribution company for East African Breweries Ltd. and UDV Kenya Limited.
Rwathia Distributors was incorporated in 1969 and played a significant role in the commercial real estate sector by acquiring properties in Nairobi, contributing to the economic landscape of the region.
6. John Kibunga Kimani
John Kibunga Kimani is a notable Kenyan entrepreneur and businessman, recognized for his contributions to the agricultural sector.
He is the founder of Kimani Farm, which focuses on sustainable farming practices and has significantly impacted local food production.
Kimani is also involved in various community development initiatives, promoting education and health services in rural areas.
7. Jimnah Mbaru
Jimnah Mbaru is a prominent Kenyan businessman and the owner of Dyer & Blair Investment Bank.
He has held significant roles, including Chairman of the Nairobi Securities Exchange from 1992 to 2001 and Chairman of the African Stock Exchanges Association.
Mbaru has a strong background in economic consultancy and institutional development, with degrees in Commerce and Law from the University of Nairobi, and an MBA from IMD Lausanne.
Recently, he has been involved in a child support dispute, facing legal challenges regarding his parental responsibilities.
