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Who is the richest man in Kenya?
As any seasoned political observer in Kenya will tell you, money is going to be a major factor in the forthcoming elections. More so because the stakes are pretty high for some of the riches individuals in the land who must protect their ill-gotten wealth at all costs.
This leads us to the question; who is the wealthiest individual in Kenya currently?
My information indicates that the richest man in the land and the runner up are father and son. Namely retired president Daniel arap Moi who is estimated to be worth between 2 and 3 billion US dollars. NOT Kenyan shillings. This information is from a very reliable source who adds that Moi's son Gideon (who is at number two by these estimates) is worth about half that.
Notable absentee from this top 2 is former powerful cabinet minister and Moi confidante, Nicholas Biwott. Contrary to common belief, even with all his wealth and assets, especially in the oil industry, The Keiyo South MP is still trying to play catch up with the "big boys".
This is further evidence that recent reports and rumours to the effect that Moi and President Kibaki have fallen out are certainly NOT true. In fact President Kibaki is sure to get campaign funding from both the senior Moi and his son. The Moi's will be especially keen to ensure that a Raila presidency never happens.
In the eloquent words of my expert informant;
"…Most importantly one Daniel Arap Moi will simply not allow Raila to be president. He blames him for spoiling his 'project' and feels that his reward of the 'molasses' plant to Raila was sufficient. Danny boy will not hesitate to lay down tens of billions of shillings to ensure Raila loses."
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Monday, April 23, 2007
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Investment avenues for Africa
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Kenyans and Africans in general are just now beginning to wake up to the possibilities in stock markets, commodities, and many other investment avenues where one can get their money to work very hard for them.
An important truth to realize is that investment experts have said for many years that it is wise to have at least 20 percent of your investment portfolio in tangible assets like precious metals. Popular precious metals to invest in include gold and silver. The story of gold is well known but people hardly realize how prudent an investment silver can be. Supply has failed to meet demand over the last 15 years and stockpiles are dwindling even as you read this. This guarantees you that the silver price will always keep your investment way ahead of inflation.
The Monex Deposit company is the one you should check out in the event that you are interested in diversifying your investment portfolio just now.
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