His name is Jared Kangwana. He is one of the country’s least-known billionaires. In 1990, he launched KTN, the first free-to-air privately owned television network in Kenya and Africa.
He intended to rebroadcast CNN and MTV material. Its success prompted the ruling government, KANU, to dispatch security personnel to alert him of the intention to seize control of the station. The plot was successful, and the government took over the station, which was listed under Standard Media Group, which is affiliated with the Moi family, in 1993. Jared accepted the relocation and opted to pursue other business opportunities. are now owns an insurance company called MonarchInsurancee that controls multibillion entities like Maisha Microfinance Bank. He owns Anglo-African Property Holdings which is a real estate company that owns the Chester House building in Nairobi CBD,
The Mall Westlands, Impala Ecolodge in Kisumu and a 0.8-acre plot in Upperhill, Nairobi.
He is also the Director of Kamu Company Limited which owns properties located on 80 acres of land in Kitengela which he bought 30 years ago.
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