Kenyan Multi-Millionaire Chris Kirubi To Earn $30 Million From Sale Of Insurance Stake

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Kenyan multi-millionaire businessman Chris Kirubi is set to earn more than $30 million from the sale of his stake in East African insurance company UAP Holdings to Old Mutual.
According to a report by Kenya’s Business Daily, Kirubi, 73, recently signed an agreement to sell off his entire 9.58% shareholding in the insurance provider after holding on to the shares for more than a decade.
This is the second time Kirubi is selling off his UAP shares in the last 10 years. Prior to 2012, he owned roughly 16.8% of the company. In June 2012, three Private Equity funds – Aureos Africa Fund, AfricInvest Fund and Swedfund International AB acquired a 40% stake in UAP Insurance for $54.8million from existing investors. Kirubi was among a consortium of shareholders who divested part of their holdings during the transaction.
UAP Insurance is the 3^rd largest Insurance Company in Kenya and controls a 7.8% market share of Kenya’s insurance industry. It also has operations in Uganda and Tanzania.

Chris Kirubi

Kirubi is one of Kenya’s wealthiest businessmen with a fortune estimated at $220 million. His holdings include a 27% stake in Centum, a $460 million (Market cap) Nairobi Stock Exchange-listed investment company ; a 49% stake in Haco Tiger Brands which manufactures food and beauty products, the DHL franchise in Kenya and extensive commercial and residential real estate in Nairobi. my idol curtsey of Forbes

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the adsence oppresion

Today i thought of something crushing not crushing something and its this
money is esential to everyone
i have this blog i applied for adsence and guess what it was denied
this is to tell me that i dont deserve to make any money from this blog
mind me i dont really mind because i love sharing what i see fit
but just because i have a small following doesnt mean i am not allowed to share and get payed
asence should realy evaluate their aproval policy it is not like i am sking fo a million dollars just what comes to to even if its just one dollar
i cant even have that even though i bust my butt
but any way.......if you have a senario like mine i am here to tell you just keep your eye on the prize
it will happen eventuallry

why not to limit children to just school

my friend came up to me the other day and told me a killer business idea
my reaction naturally was 'yeah lets do it' but his response was he cant because he is still in school
which brings me to my point today is it because you are still in school that you cant do business?
in Kenya that is i know it is discouraged. but should it be?
seriously look at it this way:
your child is in school not the best performer but is good in business he/she comes to you with a business idea then you discourage them telling them to finish school first
by the time they finish school the idea is gone and they performed poorly
a parent prevented their child from becoming a possible millionaire just because their primitive minds think 'school' is more important
school is not going anywhere just remember it is your duty as a parent to guide you child nourish the inner entrepreneur in him/her it might just pay off.

why you should trust you self

today you learn not to trust anybody
so here is what its like...
a person comes to you you become friends
you hang out and shit in her/his mind you are this perfect dude
then!
they hear some fake story about you
instead of having the balls to ask you about it they ignore you
you don't even care but......people will be people the same people who will stab you in the back at the first sign of profit on their side so remember trust YOUR SELF ONLY! remember leave a comment
stay Groovy

change the system

the system 
the Kenyan system is pretty idiotic if i might say so my self.
for one what is i t with cutting hair. seriously is a boy with an Afro a crime in school?
the worst part is its not even in the law!!!!!!!!! GET A GRIP PEOPLE!!
we move on yo caning what is it with that do teachers enjoy beating people up...
have you never heard of detention...... to some teachers beating people up is like a hobby..
they have a twisted sadistic mind ...talk to your students SHEEEESH . anyway that's my view..

dapper

gentleman's guide to looking dapper

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