The late Chris Kirubi’s son-in-law Andrew Musangi is poised to take control of Centum Real Estate.
Musangi married Kirubi’s only daughter Mary Ann Kirubi.
The real estate firm was close to Kirubi’s heart, and he held the majority shares. It is worth billions of shillings.
Centum Real Estate is a subsidiary of Centum Investment Company owned by the late business mogul. He was the director and held the majority shares.
Musangi, a lawyer by profession, is now a board member at Centum Real Estate and is expected to take over the company’s steering soon.
The new position adds to his portfolio as Jubilee Party’s National Elections Board Chairman, chairman of GenAfrica Asset Managers, and the Public Procurement Regulatory Board chairman.
He is also a managing partner at Mukite Musangi and Company Advocates which he founded in 1998.
Centum had its operations spread across Kenya and Uganda. Its investments were in Vipingo Development, Palm Ridge Apartments, Pearl Marina Estates Ltd, Centum Development Kenya Ltd, and Uhuru Heights Ltd.
Since Kirubi was taken ill in 2016 and spent months at a Boston Hospital, Mary Ann stepped in and managed her father’s empire.
Kirubi had diversified his interests invested in Haco Industries, where he was the chairman.
Haco is the first Kenyan manufacturing entity launched in the 1970s.
