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Thursday, October 10, 2024

The Richest People In Ukambani And Businesses They Own

The Eastern region of Kenya famously known as Ukambani has without doubt produced some of the richest people in Kenya. From flamboyant politicians to...
HomeWealthJane Wanjiru Michuki: Richest Woman At The Nairobi Stock Exchange 

Jane Wanjiru Michuki: Richest Woman At The Nairobi Stock Exchange 

Jane Wanjiru Michuki ranks among the wealthiest women in Kenya whose assets are valued at billions of Shillings. In 2018, Knight and Frank reported that out of the 125 Kenyans who were worth more than Sh3 billion, only 23 were women. Jane was among them. 

Jane has a wealth of experience working in both the legal and business world. For more than 5 years, she has been the largest female stockholder on the Nairobi Stock Exchange (NSE).

Here is her story as told by WoK.

Education 

Ms. Michuki pursued a Bachelor of Laws (LLB) degree at the University of Nairobi and then proceeded to Kenya School of Law for a Postgraduate diploma.

She then traveled to the United Kingdom where she proceeded to graduate with a Master of Laws from Warwick University. She also has a Certificate in Human Rights and International Instruments from Netherlands Institute of Human Rights. 

Career 

Jane is the Managing Partner at a corporate law firm named Kimani and Michuki Advocates. They boast of a rich client network including one of Kenya’s biggest financial institutions, Equity Bank Holding. 

Also Read: Little Known Nairobi Stock Exchange (NSE) Billionaires & the Worth of Their Shares

She has been at the helm of negotiating some of the biggest commercial contracts in the field of finance. Her expertise includes: contracts negotiations, financial negotiations and perfecting securities. 

Investments

Her investments stretch over some of the biggest companies in the region including Equity and Britam. In 2018, she had a 9.5% stake in Britam which was valued at over Sh5.4 billion. She owned the stake through an investment firm where her stake was 44.4 per cent. 

She has also served as a board member in some of the biggest companies (and still serves in others) including: 

  • British American Tobacco Kenya 
  • Institute for Education in Democracy, where she also served as chairperson 
  • Women in Law and Development Africa (WILDAF)
  • Nyumbani Children’s Home 

Jane Wanjiru Michuki has also served as a trustee and vice chairperson of Federation of Women Lawyers, and the chairperson of the National Construction Authority of Kenya.