In the world of business, few names resonate as powerfully as David Langat.
With a keen eye for opportunity and an entrepreneurial spirit, he has built a diverse empire that spans various sectors, including real estate, agriculture and hospitality.
In this article, WoK explores the breadth of Langat’s wealth, highlighting the key assets that contribute to his status as one of the most influential business magnates in the region.
Africa Economic Zones (AEZ) Pearl River Industrial Park
The Africa Economic Zones (AEZ) Pearl River Industrial Park is a significant Ksh 200 billion special economic zone project currently being developed in Eldoret.
Marking Kenya’s first privately run special economic zone, this initiative is poised to transform the North Rift region into a major commercial and industrial hub.
The industrial park which is strategically located on a 700-acre site in the Plateau area, approximately 40 km from Eldoret town, aims to attract various industries, including agro-processing, energy, machinery, engineering, construction, electronics, ICT, chemicals and pharmaceuticals.
The project is planned in three phases, with the first phase (AEZ Pearl River) already underway and being supervised by the Chinese firm Guangdong New South Group.
Upon completion, it is expected to create around 40,000 jobs during its operational phase.
However, the project has faced several challenges including lack of water supply, poor road connectivity and regulatory approvals that have led to delays.
DL Koisagat Tea Estate
The Koisagat Tea Estate, located in Nandi Hills, Kenya, is part of the DL Group.
This expansive estate covers approximately 1,342 acres and includes about 2.47 million tea bushes spread over 958.75 acres dedicated to commercial tea cultivation.
The estate also features 100,942 eucalyptus trees and 2,223 cypress trees.
Additionally, the estate has various facilities including a factory section, a factory building, a storey administration building and two schools among other installations.
There is also a chemical store, factory washrooms, labor camps with shops, a social hall, managerial house, guest houses, assuming pool and chairman’s residence.
However, according to local publications, the vast property is set to be auctioned over a Ksh 2.1 billion debt owed to a local bank.
Other properties
Other multi-million properties owned by Lang’at include Nyali Mall, a prominent shopping destination located in Mombasa.
Also known as Nyali Centre, the mall spans over 330,000 square feet and features a variety of establishments, including offices, supermarkets, restaurants and showrooms.
Lang’at also owns Kapchebet Tea Factory, a private company founded in 2001 in Kericho, and Salenkei Investments Limited, a Mombasa-based energy company generating electricity from solar energy.
In the real estate industry, the DL Group is constructing luxurious villas in Karen and modern apartments along Thika Road targeting middle-income earners.
The company operated by Lang’at also proposed the construction of Olympia City in the Special Economic Zone in Eldoret and Ravine City, a premier real estate project that seeks to establish a city where homes, businesses and industries will thrive.
Lang’at has also invested in the hospitality industry with hotels in Nyali, Eldoret and Nairobi.
He owns Sunrise Resort Hotel, Spa & Apartments located in Nyali, The Pearl Hotel situated in Kapsoya, Eldoret and Kitengela Hotel located some 30KM from Nairobi.
In the energy sector, the DL Group is developing a Geothermal plant in Western Kenya, and is engaged in an ongoing 94 MW Project.
With an investment of Ksh 24 billion, the plant will be the largest solar plant in East and Central Africa once completed.
Further, the DL Group has also partnered with the Magal Security System of Israel in providing design, installation and maintenance of Integrated Security Systems in East Africa.
Lang’at has also invested in furniture and assessors from office to home furniture through DL Furnitures.
The DL Group also set up Firefox, dealing in fire fighting equipment, supply and installations and Niconat Insurance, providing insurance products and services for commercial and personal line clientele.
