Gossip

How Kiambu Billionaire Helped Gachagua Build His Business Empire

  • Deputy President Rigathi Gachagua credited the late tycoon, Stanley Munga Githunguri, with his business success.

    While consoling Githunguri’s family on Thursday, December 8, Gachagua revealed that the deceased provided him with seed capital that enabled him to venture into entrepreneurship.

    Githunguri also linked him to other business partners who invested in and supported his empire.

    Nonetheless, Gachagua did not reveal the amount of money the deceased and owner of Lilian Towers in Nairobi offered him. Githunguri (77) passed away on December 1

    A 2007 photo of billionaire Stanley Munga Githunguri

    A 2007 photo of billionaire Stanley Munga Githunguri.

    Business Daily

    “I met the late Stanley in 1993 as a young District Officer in Kiambu District when he came to the constituency with an interest to serve the public. We developed a good rapport to the extent that he advised me to get interested in Business and Entrepreneurship,” Gachagua stated.

    “He mentored me, held my hand and saw me grow from a young civil servant to a budding entrepreneur,” Gachagua added.

    Githunguri started out as a coffee picker surviving on a Ksh3 pay per day before amassing wealth

    “I used to accompany my mother to pick coffee. We were paid 50 cents a tin, and I would fetch Ksh3 on a good day.

    “My mother, who was at the time employed at Kalimoni and Gwa Kihoro estates, would be paid ksh20 a month,” Githunguri stated in a past interview.

    Despite his humble background, the former Kiambaa MP received support from well-wishers who funded his education.

    After he was appointed the executive chairman of the state-owned National Bank of Kenya by President Jomo Kenyatta, riches and wealth followed in quick succession.

    In a past interview, the late businessman revealed that he built the famous Lilian Towers along Nairobi’s University Way and Kiambu Road’s Ridgeways Mall in honour of his mother.

    “My father passed on when I was 14. My mother, Lilian Nyagaki, raised my two younger sisters and me single-handedly. She struggled to feed and educate us.

    “I was born in poverty, raised in poverty and gone through it. So when I came out of poverty, I had to honour my mother. That is why I named the building Lilian,” he explained.

    A file photos of Lilian Towers in Nairobi.

    A file photo of Lilian Towers in Nairobi.

    File

Jay Ndungu

Jay is a computer scientist and journalist with a passion for the intersection of technology and society. He has a background in computer science, developing a deep understanding of the technical aspects of the industry, including programming languages and software development methodologies. Currently, He writes for Nairobi Times, covering a wide range of topics including technology, politics, sports, and entertainment. With his unique combination of technical knowledge and journalistic experience, Jay brings a unique perspective to the stories he covers, able to explain complex technical concepts in an easy-to-understand manner. His work is dedicated to bridge the gap between technology and society, and to make people more aware of the potential of technology to make the world a better place.

Related Articles

Leave a Reply

Back to top button
WP Twitter Auto Publish Powered By : XYZScripts.com