BUSINESSFEATURED STORYPERSON OF INTEREST

Inside Alfred Mutua’s Multi-Million Business Empire

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Foreign Affairs Cabinet Secretary Alfred Mutua has over the past two decades held various public roles, including Government spokesperson and Governor of Machakos county for two terms, between 2013 and 2022.

But away from his work in politics, Mutua is a businessman with various interests spread across hospitality, real estate and media among other sectors. During his vetting by Parliament for the Foreign Affairs CS role, Mutua placed his net worth at Ksh420 million.

One of Mutua’s most recognizable investments is A&L Hotel, one of the largest and most popular hotels in Machakos county. His estranged partner, Lilian Ng’ang’a, also owns shares in the company behind the high-end hotel, which borrows its names from the initials of Mutua and Ng’ang’a’s first names.

The hotel opened its doors in 2020. Mutua has previously disclosed that he took on a loan to complete its construction. It includes sleek modern finishings, luxurious rooms, a swimming pool, bar, restaurant with local and international cuisines as well as meeting rooms. It regularly hosts various themed events and is popular with families, especially on the weekends.

“The hotel in Machakos is still under credit and that is why the value I indicated is much less than I would want it to be. Hopefully when I own it 100 percent then the value will rise,” he stated during his vetting.

Mutua claims that he was worth Ksh200 million before he became governor. Indeed, he had made a mark in the media sector with his production company Golden Dreams, which was behind popular local productions including Cobra Squad and Beba Beba, both of which aired on NTV.

READ>Inside Karanja Kibicho’s Multi-Million Luxury Lodge

“I started my own company at the age of 19 years then left the country. When I came back I started ‘Cobra Squad’ where the first series earned me Ksh25 million and the next film earned me Ksh11 million,” he has previously stated.

He also invested in a Kamba language vernacular TV station, Woni TV, which eventually wound up its operations.

Mutua additionally owns parcels of land, and residences including a mansion at the Coast.

NEXT>Meet the Billionaire Hotelier Behind 680, Maanzoni

 

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BUSINESS TODAY -

editor [at] businesstoday.co.ke

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