Kenyan billionaire businessman Naushad Merali is dead
Kenyan billionaire businessman Naushad Merali is dead.
Merali is believed to have died on Saturday morning at her Nairobi home at the age of 70.
The tycoon was the chairman and co-founder of Sameer Group, a conglomerate of more than 10 companies with operations and subsidiaries in many African countries.
Merali was also the founder of telecommunications company Kencell, now Airtel Kenya, the country’s second largest mobile service provider.
Forbes Africa ranked the deceased business mogul as the third richest people in Kenya and 48th in Africa, with a net worth of around $ 370 million in 2015.
The Shiite secretariat Ithna Ashri Jamaat has confirmed that Merali will be buried on Saturday July 3.
âIt is the family’s request that Covid protocols be firmly adhered to, only immediate family members and those attending burial procedures should attend. The family thanks you for honoring this request, âthe secretariat said in a statement.
The family vowed to hold a memorial service later in his honor to host a larger gathering.
President Kenyatta praised Merali as a gifted businessman whose businesses have created thousands of jobs for Kenyans, contributing significantly to the stability of the Kenyan economy.
Mr. Merali’s business acumen has created thousands of direct and indirect jobs for our people and our wealth, which has helped lift many of our households out of poverty. Along with his famous business exploits, Mr. Merali was a philanthropist whose generous donations earned him the State Commendation of âHead of the Order of the Burning Lance,â Kenyatta said.
Merali leaves behind a wife Zarin Merali and children Yasmin and Sameer Merali.