Moses Kuria, the current Cabinet Secretary for Investments, Trade and Industry (MITI) in Kenya, is known not only for his political career but also for his business ventures. Kuria is a successful entrepreneur who has built a thriving business empire over the years.
In this article, we take a closer look at the companies owned by the CS, as well as his net worth.
Fanaka TV
Fanaka TV is one of the companies owned by Moses Kuria. The TV station operates a broadcast license that airs a wide range of content, including business discussions, seminars, and business news features.
The station was launched in April 2017 with the aim of providing employment opportunities for young people, mainly from Kuria’s constituency. Former Citizen TV news anchor Terryanne Chebet was the media station’s first CEO after its establishment, and the founding CEO was former beauty queen and Miss Kenya 2015 Charity Mwangi, a resident of Gatundu South.
Emerging Human Capital
Another company owned by Kuria is Emerging Human Capital. The company was involved in the transportation of workers from Kenya to the Middle East and other destinations. Kuria was the director of the company for 17 years, between 2001 and 2018. In a recent interview, the CS explained that the company stopped operations in Kenya about five years ago. Kuria also clarified that he had not ventured into politics by the time he founded the company alongside his business partners.
Apart from these companies, Kuria has invested in the real estate sector and owns a building in Malawi called First Malawi.
Net Worth
The controversial CS has a net worth of approximately Ksh.750 million. Kuria made this revelation when he appeared before the National Assembly’s Committee on Appointments for vetting in 2021. His net worth comprises of real estate developments, shares held in unlisted companies in his business concerns, manufacturing, fintech, and the energy sector.
Kuria’s journey to where he is today started when he joined the University of Nairobi in 1990. He graduated in 1993 with a Bachelor of Commerce degree, specializing in Accounting in Finance.
Kuria then worked for several corporations, including Total Kenya and Standard Chartered Bank, between 1994 and 1999. He was later “poached by a bank in the Kingdom of Saudi Arabia called Al-Rajhi Bank, which happens to be the largest Islamic Bank in the world.”
Kuria worked at the bank for four years before branching out in 2003 to form a banking and financial sector consultancy firm with his colleagues in the Gulf region.
In 2007, Kuria returned to Kenya at the invitation of the late Mwai Kibaki, who was his friend. Kibaki asked him to assist as a consultant in his government, and Kuria worked in that role until 2008.
Kuria then joined the then Minister for Trade, Uhuru Kenyatta, as his Technical Advisor on trade matters. Later, when Kenyatta was transferred to the National Treasury as Minister for Finance, Kuria moved there as his Technical Advisor until Kenyatta’s election as President in 2013.
Kuria offered himself up for election in the Gatundu South by-election of 2014 following the demise of then MP Joseph Ngugi, and he won the seat. He served as Gatundu South MP for two terms until August 2022 when he contested for the Kiambu governorship seat and failed.