Networth -Opposition leader Raila Odinga’s current net worth, according to his own confirmation, has hit a staggering sh 2 billion.
The former Prime Minister remains one of Kenya’s most experienced politicians who, away from politics, is an astute businessman with interest in both energy/fuel and hospitality.
He holds significant stakes in East African Spectre – Kenya’s leading gas cylinder manufacture and revalidation firm, BE Energy – one of the country’s top petrol station chains, and Pan African Petroleum – a company involved in import and distribution of various petroleum products.
That not enough, Mr. Odinga has been steadily stepping up his investments in the hospitality sector located in major cities of Kisumu, Mombasa and partly Nairobi.
Other Kenyan politicians who have heavily invested in hotels around the country include President William Ruto, former President Uhuru Kenyatta and former Baringo Senator Gideon Moi.
Among hotels associated with Odinga is the Grand Royal City Hotel in the Lakeside City of Kisumu and which boasts of hosting foreigners and high profile meetings from around the world.
The hotel sits on ancestral land owned by the Odingas. It is popular with local elites, and has hosted several Kisumu County government meetings.
The Grand Royal City Hotel – Town includes 49 rooms split up into standard, deluxe and executive rooms. It also incorporates 2 conference halls and a special hall – targeting the meetings, conventions and exhibitions market.
“The hotel is located at the heart of the ancestral home of the former Prime Minister, the right honorable Raila Amolo Odinga’s land in a serene, quiet and cool environment, best for excursion and tour, with diverse leisure and conference facility, a unique combination of pleasure and business,” the hotel discloses on its website.
Raila is also associated with an upcoming sh 500 million beach resort development in Malindi, Kilifi County; which when complete, it is expected to be one of the largest luxury hotels at the Coast.
A National Environmental Management Authority (NEMA) assessment report revealed details of the planned development, which will sit on a 4.3-acre land parcel, only 100 metres from the Indian Ocean shoreline. It is owned by Kango Enterprises, where Odinga serves as a director.
The ground floor will feature a conference hall, service rooms, and offices – with the hotel eyeing the lucrative meetings, incentives, conferences & exhibitions (MICE) market. It will have 33 luxury rooms on the first floor, as well as a spa, Jacuzzi, sauna, and steam rooms.
Additionally, on the second floor will be a presidential suite and 19 more rooms. The structure also includes six blocks of two and three-bedroom luxury villa.
Moreover, the facility will include a standalone presidential villa that incorporates three bedrooms, a lounge, dining room, kitchen, and gazebo.
On the same note, several other VIP amenities will be developed on the facility.
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