Connect with us

Cosmopolitan

Raila Odinga: List of Expensive Properties and Companies Owned by ODM Leader ▷ Kenya News – Tuko.co.ke

Published

on

CmaTrends

CmaTrends

CmaTrends

Be the first to get hottest news from our Editor-in-Chief
Thank you!
Check your email and confirm your subscription
You are already subscribed to our newsletter!
Check your inbox to be the first to know the hottest news
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Global site navigation
Local editions
Pay attention: Become TUKO.co.ke ambassador – get a branded T-shirt, hoodie or water bottle at our TUKO Shop!
Former prime minister and ODM supremo Raila Odinga is a seasoned politician who has been in active politics for close to 40 years.
He is the son of former vice president Jaramogi Oginga Odinga.
Raila generated his wealth from politics, business in oil and gas, land, manufacturing and other ventures.
His net worth is estimated at over KSh 55 billion.
Do you have a groundbreaking story you would like us to publish? Please reach us through [email protected] or WhatsApp: 0732482690.
Read also
Jimmy Wanjigi: List of Properties Owned by ODM’s 2022 Presidential Aspirant
However, in January 2020, he stated that he is worth KSh 2 billion.
In 2016, photos emerged of Raila’s KSh 1 billion palatial residence in Riat Hills, Kisumu county.
It has 10 bedrooms, Jacuzzis, a humongous helipad, conference halls, a theatre and state-of-the-art kitchens.
The house on the hill has been called, albeit unofficially, Raila’s statehouse.
Critics say that the ODM supremo fashioned himself a building whose magnificence, mirrored the Kenyan statehouse- a house that he has fought four times in a row to step in, unsuccessfully.
The former prime minister has a multi-million home in Karen where he stays with his family.
He has in the recent past, hosted his allies at the home as he gears up to make a fifth stab at the presidency.
The 76-year-old politician described as the enigma owns another multi-million home in Runda leafy suburbs that is home to the wealthy in Kenya.
Read also
Kenyan Newspapers Review For November 16: Coast ODM Allies Skip Raila Rallies
In 2018, Raila held a housewarming party in his new mansion in Mombasa.
The home is located in Nyali is painted with Egyptian blue and white colours in line with the county government’s directive.
Raila’s rural home is in Bondo, Siaya county.
The home depicts his Luo culture and hosts his father Jaramogi Oginga Odinga’s mausoleum.
In December 2018, after the handshake, President Uhuru Kenyatta visited the home for the first time after he became president.
Raila Odinga is one of the politicians who own choppers.
Raila Odinga has a fleet of cars to his name.
In October, well-wishers gifted him three state of the art campaign vehicles.
The three blue Toyota Land Cruisers SUVs were presented to the former prime minister at the ODM headquarters, Chungwa House in Nairobi.
Read also
Hapa Ni Mapenzi Tu: Photo of Raila Odinga Tightly Hugging Kilifi Woman Lights Up Internet
According to its website, the company was established in 1971 at the Kenya Industrial Estates.
The name Spectre was coined from its initial name – Standard Processing Equipment Construction which produced steel windows, doors among other steel products.
The company has a cylinder manufacturing plant and deals with Liquefied Petroleum Gas (LPG).
In June, Raila revealed his humble beginnings, giving the chronology behind the birth of the company.
The former PM said the company came into being when he was a don at the University of Nairobi.
Standard Processing Equipment began after an Indian technician asked Raila to acquire the machinery dumped by Indians in Uganda, who were being kicked out by the unfriendly Iddi Amin regime.
The question for him then was how he would raise the capital to get the machinery and start his business.
He earned a monthly pay of KSh 2,000 as a don, with the required machinery being valued at KSh 12,000. To raise the amount, Raila said he had to sell his German drive to acquire the machinery.
Read also
Francis Atwoli Hosts Raila Odinga at His Palatial Bofa Ocean View Home in Kilifi
According to Business Daily, the company is part of the flagship business owned by Raila.
It has, however, been mired in debts.
In December 2017, over 166 employees of Spectre International Ltd were declared redundant.
In January 2018, their contracts were terminated prematurely without any payment forcing them to sue the company.
The company is engaged in the oil and molasses business.
The company deals with the importation and distribution of petroleum products. It has a turnover of over KSh 500 million.
It was established in 2005.
PAY ATTENTION: Click ‘See First’ under ‘Follow’ Tab to see Tuko.co.ke news on your FB Feed
Source: Tuko
Be the first to get hottest news from our Editor-in-Chief
Thank you!
Check your email and confirm your subscription
You are already subscribed to our newsletter!
Check your inbox to be the first to know the hottest news
Be the first to get hottest news from our Editor-in-Chief
Thank you!
Check your email and confirm your subscription
You are already subscribed to our newsletter!
Check your inbox to be the first to know the hottest news
Be the first to get hottest news from our Editor-in-Chief
Thank you!
Check your email and confirm your subscription
You are already subscribed to our newsletter!
Check your inbox to be the first to know the hottest news
Be the first to get hottest news from our Editor-in-Chief
Thank you!
Check your email and confirm your subscription
You are already subscribed to our newsletter!
Check your inbox to be the first to know the hottest news

source

The post Raila Odinga: List of Expensive Properties and Companies Owned by ODM Leader ▷ Kenya News – Tuko.co.ke appeared first on CmaTrends.

Click to comment

Leave a Comment on CmaTrends

TRANSLATOR

Advertisement

Skip to toolbar