Connect with us

Bt Intelligence

List: The 30 companies that Nicholas Biwott owned



Biwott lived a life of such mystery and secrecy that his business dealings have remained a top secret even to his closest associates.

Nicholas Biwott, until his death was among the richest men in Kenya. He was listed 14th richest man few years ago, but those who know the former minister’s wealth say the Ksh50 billion being quoted could just be a fraction of his empire.

Information available shows he has commercial interests in over 40 companies spread across the world. [see tables below]

Biwott lived a life of such mystery and secrecy that his business dealings have remained a top secret even to his closest associates. Mr Biwott is described as a billionaire with huge interests in real estate, aviation, agriculture, manufacturing, oil, banking and insurance among others.

He featured in several financial reports and was listed among the richest people in Africa, and according to his website (, he was influenced to become a successful businessman by his father, who established a profitable fruit and vegetable business in Eldoret, Uasin Gishu County.

The former KANU party strongman was a major shareholder of Kenol-Kobil, a chain of filling stations across East Africa, and also the proprietor of a domestic airline, AirKenya. His companies employ thousands of people and one is listed among Kenya’s top 10 corporate taxpayers.

Nigeria’s Venture Financial Magazine placed him among the top 50 billionaires in Africa (2013) at about $1 billion (Sh100 billion). His total wealth, however, remains a mystery, just like the man who never owned a mobile phone and instead borrowed from friends or strangers to make calls when the need arose.


Name of Company Ownership Structure
Barsirim Investment Biwott 100%
Kipsinende Farm Biwott 100%
Rono Ltd Biwott 100%
National Milling Corporation Seven shareholders including Moi and Kulei
Yaya Centre (worth KSh 3.5 billion) Biwott 100%
HZ Group of Companies Biwott 100%
LZ Engineering Biwott 100%
Premier Group of Companies Biwott 100%
HZ Construction and Engineering Biwott 100%
Air Kenya Aviation Ltd Biwott 100%
Pete Aviation and Electronics Ltd Biwott 100%
Ziba Management & Services Biwott 100%
HZ Group of Companies, Israel Biwott 100%
Lima Kenya Biwott 50%
Air Kenya Biwott 50%

NEXT: Biwott’s strongest admirer reveals interesting things

There is also indication that he owns the following:

Name of Company Ownership Structure
Uhuru Highway Development Real Estate Company No Information
BIDCO No Information
A 10,000 hectare ranch in Australia No Information
Trinity Enterprises Biwott, Moi. Corporate documentation indicates witness to signatures as M.H da Gama Rose
Banque Belgolaise Biwott 40%, Akber Esmail his nominee. Used in Trans-National Bank laundering system. !
Team Simoco No Information

Meanwhile, he also has shares in the following

Name of Company Ownership Structure
Kenoil-Kobil (National chain of petrol stations) Biwott controlled 17% of private oil industry in Kenya.
Petrol Stations in Uganda Operated through Kenol-Kobi! (worth KSh7 bil!ion)
Westmont An independent power producer company owned by Biwott and Harbinder Sethi Singh.
Grand Diani Reef Hotel Once placed under statutory receiver when hotel defaulted on KSh500 million loan acquired from Kenya Commercia! Bank (KCB)
Regional Air Newly formed company managed by Biwott’s son-in-law Charles Field-Marsham. Has a code-sharing arrangement with British Airways.
H Young and Company Steel manufacturers – one of largest in East Africa
S.R Telecommunications Co. Ltd Receives contracts from government-owned telecommunications monopoly company, Telkom Kenya
Lima Ltd One of the best-established agricultural machinery firms in Kenya. Owned jointly with powerful politicians and their families
First American Bank Merali, Biwott, James Kanyotu, Gideon


Business Today is the leading independent online business website in Kenya. Started in 2012 by a veteran business journalist, it has a huge following both in Kenya and abroad. It covers various business and related issues. Email editor at: [email protected]

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Bt Intelligence

GDC CEO gets mixed up in hiring of senior manager

Johnson Ole Nchoe is embroiled in an internal cold-war with a section of management who see him favouring one candidate for communications manager position



Johnson Ole Nchoe, CEO, Geothermal Development Corporation: Said to have contracted the communications manager after she resigned.

Tension is brewing within the Geothermal Development Corporation (GDC) boardroom as the company scouts for an in-house communications and marketing manager.

The company’s CEO, Mr Johnson Ole Nchoe, is embroiled in an internal cold-war with a section of the board and management who see him favouring a former GDC communications manager, Ruth Musembi, who left two years ago.

The post of corporate communications and marketing manager fell vacant in March 2015 after Ms Musembi resigned under unclear circumstances, claiming to have done so under duress. She even requested the human resource office to release part of her pension.

Her resignation letter dated March 16th 2015 indicated she would cease being a GDC employee on 30th April, 2015.

“I have tendered my resignation effective today,” she wrote in her resignation letter seen by Business Today, which was sent to human resources general manager Irene Onyambu and copied to the managing director and the general manager for corporate affairs.

“I will serve one and a half month notice and utilize my outstanding 30-day for the rest of the notice. Please, organize my final dues. I would like to access the portion that is permitted under the law.”

Ruth-Musembi-GDC GDC CEO gets mixed up in hiring of senior manager

Ruth Musembi: Resigned from GDC in 2005 and set to make a comeback.

SEE: CNN reports on geothermal energy in Kenya

Four months later, in August 2015, she was back at GDC after being rehired under a one-year contract without competitive interviews being conducted.

The contract was silently renewed in 2016, according to insiders at GDC, in breach of the company’s hiring policy.

Meanwhile, after returning on board on contract, Ms Musembi, who worked earlier for NEMA as communications manager, is said to have immediately hired a PR agency linked to her to manage the company’s communication needs, at a time the communications department was seen to be overstaffed yet underworked. This elicited protests from the staff who collected signatures in a petition to denounce the act.

These so-called whistle-blowers were reportedly punished by being transferred to different departments. “The then general manager Christopher Leparan and the CEO Johnson Ole Nchoe desperately invoked the transfers as a mechanism to punish the staff,” said the source. “The transfer allowances paid to the staff ran into millions of shillings.”

SEE ALSO: Disabled man losses his Sh3 million bus to auctioneers

Two and a half years after resigning, Ruth Musembi is set to make a comeback as to GDC’s payroll, if the CEO has his way.  Her contract ended on 31st August 2017, in a move that is likely to cause uneasiness in the board as well.

In June 2017, GDC advertised the post internally. The advert, which read as if crafted to suit Ms Musembi, a former teacher, required a minimum of 12 years of experience as a manager among others, in what was seen as a ploy to lock out younger managers in the department who would be interested in the job.

Ironically, when GDC advertised for the post of General Managers, a more senior position, it asked for only five years’ experience. The staff union protested against the internal advert, and it was silently pulled down.  The company then advertised externally in the newspapers but reduced the number of years of experience from 12 to 10, with 5 as a manager.

Continue Reading

Bt Intelligence

Machine that lets you make your own beer at home

The company has agreed on delivery of Sh13 million portable breweries to Russia and it is in negotiations in Thailand, Tanzania and other countries




Workers of Smart Brewery Well Service move a brew kattle into a standard shipping container. Credit: Reuters

For beer lovers who dream of brewing their own pint, a portable brewery from the Czech Republic may be just the thing — if they have Ksh13 million (US$124,000) to spare.

Fitting into a standard shipping container, the “Smart Brewery” made in Prague by the Well Service company can produce up to 525 hectolitres of beer, or 2,000 pints a week.

“We wanted to make a brewery that would be mobile, possible to deliver anywhere in the world, with a simple use and not space-demanding,” Pavel Pozivil from the Well Service said.

“You can put it anywhere on a solid surface, link to water and electricity sources and you can start brewing,” he said.

Related: Diageo investment hits Sh30b with launch of Kisumu plant

Well Service has already agreed on delivery to Russia and it is in negotiations in Thailand, Tanzania and other countries.

By capacity, the Smart Brewery ranks far below even the mini-breweries that have sprung up in dozens of Czech towns in recent years. But it could suffice as an additional offer on tap, as it does for the owner of the Gourmeta pub in Prague.

“When you follow the procedure and you have a good recipe, then it is no problem to brew an excellent beer,” said Radek Spacil, a co-owner of Gourmeta, which completed its first brew with the Smart Brewery on September 2.

Winery that uses condoms to produce fruit wines

Continue Reading

Bt Intelligence

Kenya’s highest paid CEO earns Sh1 million per day

Business Daily blow-by-blow explanation proves that indeed, James Mworia, earned Ksh375.6 million in the year ended March 2017



Centum Investments CEO James Mworia is best paid CEO in Kenya.

Everyone wants to earn lots of money, yet not many get the chance. The select few who are lucky or work hard enough to deserve seven-figure salaries often prefer it to remain a secret.

That’s why when Business Daily unzipped his wallet for all to see yesterday, Centum CEO James Mworia’s first instinct was to deny and trash the figures.

According to the Business Daily report, the young CEO, in his thirties, earned Ksh375.6 million – yes Ksh375.6 million, or Ksh1 million per day – in the year ended March 2017, a surprising 87 per cent increase from Sh201.1 million the year before. In total, Mr Mworia has earned nearly Sh1 billion for the last eight years.

The new pay strengthened his position as Kenya’s highest-paid CEO, which is equivalent to Ksh31.3 million per month, according to disclosures in the company’s latest annual report quoted by BD, way above Safaricom CEO Bob Collymore’s Ksh10 million.

READ: List of highest paid Kenyan CEOs

But Mr Mworia, in several tweets yesterday, dismissed the Business Daily article.  Mworia, through his Twitter handle, termed the figures as sensational and inaccurate, explaining that the remuneration was for the entire management team. Business Daily has defended the accuracy of its article with the backing of Centum’s financial reports and disclosures.

Business Daily: Why we stand by our story on Centum CEO pay

The Centum Investment CEO James Mworia, in several tweets Wednesday, challenged the accuracy of our story headlined: “Centum CEO sets new record with Sh375.6m CEO pay.”

We indicated, in our response to the tweets, that we stand by our story which is based on the company’s disclosures in its latest annual report.

Here are the reasons why we stand by the story:

Their annual report tabulates key management compensation, which includes pay for executive directors and senior management. This was given as Sh614.9 million and Sh711.5 million for the years 2017 and 2016 respectively, at the group level.

SEE ALSO: How to get a high-paying job without going back to class

There is additional disclosure of the management team remuneration, now narrowed down to those who are executive directors. This is given as Ksh375.6 million and Ksh201.1 million for the years 2017 and 2016 respectively, again, at the group level.

James-Mworia-Centum-salary Kenya’s highest paid CEO earns Sh1 million per day

Page 231 of the Centum annual report note 12.1 iii).

Mr Mworia is the only executive director at the group level at Centum, and the amounts above are attributable to him alone going by the presentation in the annual report.

“The board has only one executive director to prevent conflicting roles between the Management and the Board of Directors,” Centum says in its 2017 annual report.

SEE: Meet Chris Kirubi the billionaire farmer

Centum chairman Chris Kirubi has said repeatedly that he believes in rewarding his young managers as long as they deliver. While it may not come as a surprise to Kirubi and his board, it has shaken corporate Kenya, where many CEOs earn below Ksh5 million per month.

Continue Reading

Bt Intelligence

South Sudan customs official in tax evasion syndicate at Mombasa port

Chief Customs Officer Arop Deng Kuol denies Kenya millions in taxes by under-declaring and classifying Kenyan goods as South Sudan-bound to escape KRA dragnet



He has so far allowed into Kenya 67 luxury cars and 24 cars beyond the seven year limit set by the Kenyan government by classifying them as destined for South Sudan.

Kenya Port Authority (KPA) management is in a dilemma on how to handle the head of port clearance representing South Sudan at the Mombasa port, who is accused of engaging in underhand deals that are costing Kenya millions of shillings in tax revenues.

South Sudan’s Chief Customs Officer Arop Deng Kuol and his deputy, Emmanuel Sukole, are involved in a racket of tax evasion by under declaring of goods, and helping some Kenyan importers to cheat the taxman by classifying their goods as South Sudan bound to escape the Kenya Revenue Authority dragnet.

This year alone Mr Deng, who has been at the lucrative station for the past two years, has so far allowed into Kenya 67 luxury cars and 24 cars that are over the seven year limit set by the Kenyan government by classifying them as destined for South Sudan, according to investigators following the matter.

Investigation into his lifestyle paint a picture of a very rich man, but a frugal spender whose monthly income from the racket ranges between Ksh2.5 million and Ksh5.8 million every month. March 2017, was particularly good month for Mr Deng who made $52,000 (Sh5.2 million) million from the racket by allowing 17 Land cruiser vehicles, four Range Rovers of different models, one 2015 Jeep, and 16 containers that were labelled as containing rubber slippers.

SEE ALSO: Car owners to pay for using highway

“There’s a cartel in Mombasa that specializes in smuggling of goods across the borders. This group is being facilitated by South Sudanese custom officials. The two custom officials arranged for diversions and changing of destinations using South Sudan name. This arrangement enables smugglers to sell their products in any market without paying taxes,” said someone close familiar with the matter, who shared the sensitive report commissioned by an inter-agency task force between Kenya and South Sudan.

“In return the two gentleman are paid what would have been the tax for the governments across the borders,” added the person.

Mr Deng can’t be touched because “he is close to some powerful people in Juba”.  The two officials also make money in port clearance. Once goods come in, container go through the Container Freight Station (CFS), but the two officials circumvent the process by working with agents to clear the goods from the port.

READ: How to move to a high paying job without going back to school

“Kenyan port authorities can’t do anything because the goods are declared as headed to South Sudan, and so their hands are tied because they can’t meddle in the affairs of another sovereign state,” the person said.

Sources within the inter-agency task force say the South Sudan embassy in Kenya is aware of the problem and looking for ‘diplomatic ways’ of dealing with the errant officials at the Port of Mombasa.

Mr Deng denied any involvement in the racket, saying he is currently on leave and is in Juba, though sources said he had been sent on forced leave. “I have heard such stories from people,” he said in a phone interview, “but they are just jealous and they want my position.”

Continue Reading

News Updates

Politics59 mins ago

Babu Owino arrested over Uhuru slur

The first time MP is being grilled at Mazingira House, the DCI headquarters, over his weekend remarks in Dagoretti, Nairobi

Education6 hours ago

Cholera outbreak at Daystar University

Vice Chancellor Dr Timothy Wachira says the situation is under close supervision by the administration and an awareness campaign had...

Person of Interest6 hours ago

President Uhuru’s son who can’t speak Swahili

President Uhuru Kenyatta's son had accompanied DP William Ruto for a campaign tour of Nandi but viewers were taken aback...

Economy7 hours ago

Prolonged campaigns fatigue Kenyans

Henry Wandera, an economics lecturer in Nairobi, noted that elections tend to cause fatigue as they slow down all the...

Business Unusual8 hours ago

Kenyans rearing crickets to meet growing demand for special proteins

The cost of establishing a basic system is about Ksh3,096 (US$30), in addition to the cost of the initial breeding...

Politics3 days ago

Raila now threatens to prosecute Chebukati, top IEBC officials

Opposition Nasa gives DPP Keriako Tobiko 72 hours to act or it institutes private prosecutions

Economy3 days ago

Trump hails Africa for making his friends rich

While US President almost certainly meant it as compliment, and even seemed to pause for applause, not one attendee clapped...

Politics3 days ago

IEBC begins to fall apart as senior officer quits

Legal officer Praxedes Tororey was one of the 12 officials NASA named and demanded to be removed for bungling the...

People4 days ago

Coincidence or fate? Rerun to be held on Uhuru’s birthday

He will either become the first Kenyan President to win a second term after a rerun ordered by the Supreme...

Politics4 days ago

IEBC sets new date for presidential re-run

Electoral agency says Wednesday's Supreme Court ruling will impact on its preparations especially with regard to the technology that would...