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| Description: Net Worth: $1 BILLION Industry: Real Estate Country of Citizenship: Kenya Age: 81 Number of Jobs Created: 50 Mother of Kenya’s President, Uhuru Kenyatta, and wife of Kenya’s first President, Jomo Kenyatta, Mama Ngina Kenyatta is East Africa’s richest woman. She holds a vast collection of prime real estate her husband acquired in the 1960s and 70s during a British colonial government and World Bank-sponsored settlement transfer scheme, which allowed government officials and affluent Kenyans to acquire land from British colonialists at dirt-cheap prices. Jomo Kenyatta acquired hundreds of thousands of hectares across various regions in Kenya. Today, Mama Ngina Kenyatta holds over 200,000 hectares in trust for her family. In some of Nairobi’s leafy suburbs where she has large holdings, land goes for up to $2 million per half-hectare. She also owns, along with her children, stakes in several of Kenya’s successful companies including Brookside, Kenya’s largest manufacturer of dairy products in which UAE private equity firm the Abraaj Group is also an investor. Mama Ngina Kenyatta lives in Muthaiga, one of Nairobi’s most affluent suburbs. |
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