Former Kenyan President the late Daniel Arap Moi’s family is regarded as one of the wealthiest families in the country and the African continent at large. The wealth is currently under the control of his lastborn son Gideon Moi, the outgoing Senator for Baringo.
The Moi family currently possesses thousands of acres of land worth billions of Kenyan shillings.
Among the parcels of land owned by the family include 20,000 acres in Bahati, Nakuru County; 1,600 acres in Kabarak; 20,000 acres in Olenguruone, Nakuru County; 20,000 acres in Molo; and 50,000 acres in Ol Pejeta.
In his 2010 will, Moi specified that the trustees of Kabarak University would keep 932 hectares of land for the benefit of his five sons.
According to a WikiLeaks document, Moi was so wealthy that the Union Bank of Switzerland handled him as a national security issue. Several examples include Equity Stock Brokers, Giant Forex Bureau, and Sovereign Group. The realistic estimate of his empire is Ksh310.2 billion ($3 billion).
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Moi invested in various sectors including banking Among them are Trans-National Bank, Equatorial Bank, First American Bank, Giro Bank ‚ Giant Forex Bureau, Equity Stock Brokers, and Sovereign Group., the oil industry; insurance; hotels intercontinental Hotels, Sheraton Group, and Safariland Club.
The family also has investments in tourism and hospitality, among them Sheraton Group (Sheraton Holding), InterContinental Hotels, and Safariland Club, with other investments spreading across the industry. There are several more companies in the freighting industry for the Moi family, which include a part of the Kenya Airways fleet.
The family owns Standard Group, Kenya Television Network, KTN, Standard Newspaper, and some radio stations in the media. Rowland Printing and Baraza Limited are also some of the subsidiaries owned by the Moi family. The company is headquartered in Kenya but has operations in Tanzania and Uganda.
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Moi made enormous investments in education, with substantial stakes in numerous local and international institutions including the Nairobi-based Sunshine National School, Kabarak University, Kabarak High School, Sacho High School, Moi Educational Centre, and the Moi Africa Institute.
Moi was usually referred to as Mkulima nambari wani. The family has substantial assets in the agribusiness sector, including organizations like the Sasini set of farms, including Kiptagich Tea Estate, Sian Roses, one of the top exporters of fresh roses, Fresh Produce Ltd., and Chemusian Company. In Malawi, the family also runs a tobacco farm.
The Taurino Enterprises, Giant Holdings Ltd, Revak Ltd, Sudbury Ltd, Sudbury Investments, Westfield International Ltd, Hampstead Enterprises, Metipso Services Ltd, Maternity Shop, The Duty-Free Company, and Eveready Company are further businesses that the Moi family owns or have a stake in.
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