Nelson Muguku
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Nelson Muguku Njoroge was a Kenyan entrepreneur, investor and one of the country's wealthiest persons.


Early life and education

Muguku was born in 1932 in Kanyariri Village, Kikuyu Division, Kiambu County to his father Njoroge and mother Mama Wambui. The entrepreneurial nature of his father was a key inspiration to his later life. Muguku sat for the Kenya African Preliminary Examination at Kabete Intermediate School. It was the second time he was doing the exam and his relatively high score led to allegations of cheating and the nullification of his results by the colonial administrators. He was ordered to join carpentry classes at Thika Technical School from 1950 to 1953.


Work

Muguku started off as a carpentry teacher at Kapenguria Intermediate School before he was transferred to Kabianga Teachers College (now Kabianga High School). In 1957, at age 24 and against the wishes of his parents, he quit teaching to concentrate on the poultry business he had started a year earlier with just two hens, a cock and KShs 2,000. He also resented the fact that he was required to pursue additional training if he wanted to get a job promotion but this was not forthcoming when he did obtain additional training. He initially reared the chicken with his father's help. Muguku's wife would quit her teaching job at Kagaa Primary School
Githunguri Githunguri is an agricultural town in central Kenya's Central Province. It is one of the administrative centres of Kiambu County Kiambu County is a county in the former Central Province of Kenya. Its capital is Kiambu and its largest town is ...
in 1963 to help him run the business.


Business


Muguku Poultry Farm

In 1965, Muguku bought the 22-acre Star Ltd farm from a white veterinary doctor for Kshs 100,000. He renamed the farm Muguku Poultry Farm and started a hatchery with a 9,000-egg incubator. His growing business saw him at one time supply eggs to Governor-General Malcolm MacDonald and the country's first Prime Minister
Jomo Kenyatta Jomo Kenyatta (22 August 1978) was a Kenyan anti-colonial activist and politician who governed Kenya as its Prime Minister from 1963 to 1964 and then as its first President from 1964 to his death in 1978. He was the country's first indigenous ...
. Today, the farm can hatch 500,000 chicks a day and also hosts dairy cows as well as an orchard.


Stock market

Muguku was an active investor in various counters at the Nairobi Securities Exchange. However, it was for his stake in Equity Bank that he was best known. He acquired a 6.08% stake before the bank was listed and was for years the bank's largest individual shareholder. By 2014, the Muguku family had reduced its stake in the bank to 0.9% valued at KShs 1.6 billion (equivalent to US$17 million at the time).


Real Estate

Muguku owned a building on Mfangano Street in downtown
Nairobi Nairobi ( ) is the capital and largest city of Kenya. The name is derived from the Maasai phrase ''Enkare Nairobi'', which translates to "place of cool waters", a reference to the Nairobi River which flows through the city. The city proper ha ...
and was a major property owner in Kikuyu town. In 2014, through Crossroads Limited, the Muguku family embarked on the construction of phase 1 of the Karen Waterfront mall at an estimated cost of Kshs 2.6 billion (equivalent to US$28 million at the time). The family also owns Crossroads Mall in the same area.


Schools

Muguku was the proprietor of two primary schools (Kidfarmaco and Kikuyu Township) and one high school (Tumaini School formerly known as Greenacres School).


Philanthropy

Muguku built the Anglican Church in Kikuyu including the pastor's residence. He helped rehabilitate street children in Kikuyu town.


Personal life

Muguku was married to Leah Wanjiku and they had seven children. Kihumbu Thairu, vice-chancellor and a founder member of Presbyterian University of East Africa, is Muguku’s younger brother.


Death

Muguku died on 10 October 2010 at the age of 78 years. He was a diabetic.


References


External links


Muguku Poultry Farm

Tumaini High School

A Profile of Kenyan Entrepreneurs
{{DEFAULTSORT:Muguku, Nelson 1932 births 2010 deaths Kenyan businesspeople