ELECTION WATCH

Little known 104-year-old billionaire to have city road name after him

Share
Governor Kidero gives Gerald Gikonyo the ceremonial key to the city.
Share

On Thursday last week, a low-key but very historic event took place at Alfa Hotel in downtown Nairobi where  Governor Evans Kidero honoured one of the founders of Rwathia Distributors, Gerald Gikonyo, aged 104 years.

In a country where true heroes are rarely recognised, it was heartwarming to see Kidero give Gikonyo a ceremonial key to the city that will see him now park his cars free of charge, attend all county and national governments functions and have a road named after him among other benefits.

Also Read >> Small lady who could bring down multi-billion company

Gikonyo, a co-founder of Rwathia group of businesses, is the third person to receive the award after the late Cardinal Maurice Otunga of the Catholic Church, former Tanzania President Jakaya Mrisho Kikwete and Nobel laureate, the late Prof Wangari Maathai.

Gikonyo, who Kidero described as one of the city’s top loyal tax payers, has faithfully remitted his dues to City Hall without fail even as some prominent figures dodge the taxman.

Over the years he has accumulated wealth that runs into billions of shillings.

The remaining patriarch of the great capitalist boys from Rwathia village in Murang’a County, who founded the the legendary Rwathia Group of entrepreneurs, is little known though the group he chairs owns about 65 per cent of the buildings in downtown Nairobi.

Gikoyo is perhaps the oldest man living in the city having come to Nairobi in 1927. He started a thriving business in 1947 when he established Mwihoko General and Rwathia Supplies and remains an inspiration to many looking to overcome odds. (By John Kihara and Geoffrey Muya)

Written by
BUSINESS TODAY

editor [at] businesstoday.co.ke

Leave a comment

Leave a Reply

Your email address will not be published.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

PAST ARTICLES AND INSIGHTS

Related Articles
Richard Bogita, Supply Chain Director, Unilever East & West Africa; Luck Ochieng, Managing Director, Unilever East Africa; and João F. Ribeiro, Unilever’s 1UL Supply Chain Head, unveil the company’s new 800kW solar installation at its Nairobi factory.
BUSINESS

Unilever Invests Ksh70M in Solar Power at Nairobi Factory

Unilever has invested Ksh 70 million in a solar power system at...

Scientific concept of Ebola virus.
NEWS

Kenya Confirms First Ebola Case in Nairobi

Kenya has confirmed its first case of Ebola virus disease after a...

Jemima Gathumi, Lead Capital Markets, FSD Africa
MARKETS

African Capital Markets Leaders Meet in Nairobi to Unlock $4 Trillion

More than 300 policymakers, regulators, institutional investors, development finance leaders and market...

Mombasa County.
BUSINESS

Mombasa Climbs 22 Places as Nairobi Slips in Global Startup Rankings

Mombasa is gaining ground as a startup destination, even as Nairobi continues...