Shareholding And Businesses Owned By Raila Odinga Jr

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Shareholding And Businesses Owned By Raila Odinga Jr
Photocredit/Courtesy

By Prudence Minayo

Former Prime Minister and ODM leader Raila Amolo Odinga is a politician par excellence, businessman and a loving father. His son, Raila Odinga Jr has pretty much kept away from politics unlike his more vocal younger sister Winnie Odinga

In this article, WoK takes a look at the business owned by the scion of Raila Odinga. 

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Be Energy

The Odinga’s own 35 percent stake in Be Energy which translates to 2,801 shares according to Nation Newsplex. According to data from the Energy and Petroleum Regulatory Authority (Epra), Be Energy controls 3.1 per cent of the fuel market and also exports its products to neighboring South Sudan, Uganda, Burundi, Rwanda and the Democratic Republic of Congo.

They own the firm through Pan African Petroleum Company. Raila Odinga Jr share is 25,000. His elder sister stake Rosemary Adhiambo Odinga is 50,000 while Winnie Irmgard Odinga, Elija Bonyo Oburu, Wenwa Akinyi Oranga and Kango Enterprises (250,000 shares) command 25,000 shares, 125,000 shares, 25,000 shares and 250,000 shares respectively. 

Directorship

Raila Odinga Jr is a director at Be Energy. 

Spectre International

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Energem Resources has a 55 per cent stake in Spectre International which is equivalent to 2,422,500 shares. The Australian company was to pump in capital to revitalize the firm but went bankrupt in 2011. Kisumu Development Trust Company Limited owned 237,500 Spectre International shares and Odinga and his children’s stake is 2,094,000 through Lennox Development Limited. 

Raila Odinga stake is 1,000 shares. 

Creative Hub 

He is the CEO and executive producer of Creative Hub-a production company that deals in producing advertisements for mainstream media.

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