HomeBIOGRAPHYMusalia Mudavadi: His Businesses And The Costly Things He Owns

Musalia Mudavadi: His Businesses And The Costly Things He Owns

Amani National Congress (ANC) chief Musalia Mudavadi is not the abrasive politicians Kenyans are familiarized to. He is gentle but firm & is known to be an affectionate family man, the perfect ingredient of a president. The seventh and shortest-serving vice president of Kenya in the late President Daniel Arap Moi’s government has accumulated considerable fortune over the years. 

In this article, Feb pieces together the ANC leader’s capital portfolio and the expensive things he owns.

Personal Profile

Hon. Musalia Mudavadi was born on 21st of September 1960 in the Maragoli, Luhya community. He is a quaker by faith, making him the only politician who accomplishes not swear oaths of headquarters as it is forbidden in his faith. Quakers are globally known for their pacifism, aversion to violence and war, use of plain vocabulary, rigid adherence to telling the truth, and basic dressing. This can be attributed to his seemingly soft-spoken and laid-back method, which is quite uncommon in Kenya’s political theater. 

The University of Nairobi alumnus stood as a rugby player with Mean Machine RFC, where he paid most of his youthful years. He married Tessie Mudavadi, with whom they fathered three children named Maryanne, Moses, and Michael. Out from politics, Musalia Mudavadi appreciates football and has performed as AFC Leopards patron at a point in his career. He is also a lover of Manchester United FC and AFC Leopards.

Political Career

He first entered politics in 1989 as Sabatia Consitutency’s unopposed Member of Parliament, carrying over his late father, Moses Mudavadi. He was just 29 years old at the time. Hon. Mudavadi would prevail the seat in 1992 &1997 before he was selected as Moi’s VP in 2002, maintaining the appointment for 60 days. He was Uhuru Kenyatta’s running mate but the pair lost to MwaI Kibaki. Between 2008 & 2012, he was Kenya’s Deputy Prime Minister, a position he resigned to seek presidency under the Orange Democratic Party (ODM). Mentioning lack of political independence, he left ODM for the United Democratic Party to race for President, a feat that witnessed him come in third in the elections. 

The creator of the Amani National Congress (ANC) party would, later on, enter the National Super Alliance (NASA)-a political vehicle that became irrelevant after President Uhuru Kenyatta & ODM leader Raila Odinga joined hands.

He moved on to join forces with Gideon Moi, Moses Wetangula, & Kalonzo Musyoka to create the One Kenya Alliance in March 2021. In what was described as an earthquake ruling on 23rd January 2022 at the Bomas of Kenya, Musalia Mudavadi reported that he would forge an alliance with Deputy President William Ruto beneath the United Democratic Alliance as he threw his presidential bid. His fellow OKA principals have marked him ‘a traitor incompetent to run the nation’ in this contemporary move as they walked out in protest from the gathering at Bomas of Kenya.

Wealth and Property

In discussion with Citizen TV’s Wahiga Mwaura on 23rd February 2021, Hon. Mudavadi remarked on his wealth, saying, “I have labored in both the private & public sector. I have nothing to hide. I settle my taxes. I have what lets me meet my responsibilities.” 

Mudavadi has always dodged the question of his wealth in multiple discussions. 

Below highlighted are his company interests, investments, and what the ANC leader possesses.

Business Interests & Investments:

First Assurance Company Ltd

In 2015, Hon. Musalia Mudavadi and some of Kenya’s wealthiest individuals and families evolved the top beneficiaries of the then wake of big-ticket investments in the underwriting sector valued at over Sh10 billion. The ANC chief alongside the late Chris Kirubi, the late John Michuki’s family, the late Godfrey Karurui’s lineage, the Inderjit Talwar family, and ex KenGen CEO Eddy Njoroge made hundreds of millions resulting from the seizures. They sold their interests to regional and international buyers, benefiting from Kenya’s economic expansion from the domestic underwriting company. 

According to business daily (in an +named Top investors Sh10bn richer after wave of insurance buyouts), the one-time deputy prime minister was among the investors who traded a cumulative 63.3% stake in Absa-owned First Assurance to Barclays Africa Group Ltd founded in Johannesburg. The report was made by Managing Directors Stephen Githiga and Jeremy Awori of the deal valued at around Ksh 2.822 billion, which contained a Ksh 722 million capital injection to boost business. In the report done on 10th June 2015 at Villa Rosa Kempinski, the two commodities expressed satisfaction and much assurance. 

First Assurance’s MD Stephen Githiga stated, “Barclays Africa will bring a strong brand as well as specialized support for our products and services. Existing First Assurance customers will profit from access to new products and assistance as a result of the partnership.” Lanz Zulu, Barclays Africa’s Wealth, Investment Management, & Insurance managing executive, remarked on the acquisition, saying, “The deal will allow us to significantly scale up First Assurance’s life insurance company using the synergies we both enjoy containing branch reach and technical expertise. We shopped about, but First Assurance’s capitalization, its strong board, and good standing stood out.

Multi-Million Karen Mansion Home

The ANC leader lives in Karen, the exact neighborhood with Deputy President William Ruto & former Prime Minister Raila Odinga. The Karen mansion was invented with two wings in line with the Mediterranean & French styles. The interior is decorated with favorite paintings and yellow low-hanging chandeliers and finished with a gazebo for evening conversations and leisure. According to Kenyans.co.ke, the stately home is worth around Ksh 250 million.

Multi Million Eurocopter

As has become the example among politicians, owning an aircraft is a symbol of financial power, status and most importantly, it aids in ease of movement. Some of Kenya’s politicians who possess expensive helicopters enclose President Uhuru Kenyatta, Deputy President William Ruto’s 3 Aerospatiale 350B3 Ecureuil Eurocopters, Kalonzo Musyoka’s AS350B3 Eurocopter, & William Kabogo’s Eurocopter AS350B3 enrollment number 5Y–EXK. Hon. Mudavadi as well owns a Eurocopter enrollment 5Y–TXM worth approximately Ksh 300 million, which, he states, makes his movement easier.

Musalia Madavadi Scandals

The Kenya Anti-Corruption Commission scrutinized the ANC leader in March 2010 on a Ksh 283 million graveyard land fraud claim. The case at hand was about the Nairobi City Council had bought land valued at Ksh 24 million for an excessive Ksh 283 million figure. He protested the accusation, and after comprehensive investigations, it was determined in June 2020 that he had no involvement in the dishonor, nor did he receive any proceeds from the deal. 

In 2012, the Law Society of Kenya blocked Hon. Mudavadi, along-side other members of the Kibaki Administration, including the retired President Charity Ngilu & William Ruto, were mentioned in reports that called them in corruption cases and economic offenses. LSK advised voters against selecting the detailed individuals into a public office established on the reports whose allegations were not explicitly addressed to the named officials.

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