The Late Njenga Karume Sh40 billion Empire

The estate of late minister Njenga Karume is currently battling to keep afloat. It has been ordered to pay Sh4.5 million by Friday towards the settlement of Sh122 million debt owed to a bank.

Judge Winfrida Okwany gave the direction even as she allowed parties to negotiate on how to settle the debt owed by Jacaranda hotel.

She further stopped any placement of auction advertisements in newspapers pending negotiations that are meant to come up with a solution by January 20th.

The hotel faces an auction come January 22 if the family does not settle the debt.

Here is a list of the late Njenga Karuma’s businesses in his billion-shilling empire.

Njenga Karume Hotels

• Jacaranda Hotels in Nairobi

• Lake Elementaita Lodge in Nakuru The Village Inn in Kiambu

• Indian Ocean Beach Resort in Mombasa • Hotel along Diani beach in Kwale

Njenga Karume Real Estate

• Amani House, in Westlands, Nairobi

• Cianda House on Koinange Street, Nairobi

• Unity House, Nairobi

• Several apartment blocks in Nairobi

• Kiambu and Limuru

READ: ELIUD OWALO BIOGRAPHY, AGE, BACKGROUND, FAMILY & TRIBE

Njenga Karume Farms

• 508-acre Cianda Farm

• 27.3-acre Lynton Farm

• Kachoraba farms

• 50 acres in the Masai Mara

• Parcels in Laikipia, Limuru, Molo, Nakuru and Ruiru

Njenga Karume’s Farms

• 508-acre Cianda Farm

• 27.3-acre Lynton Farm

• Kachoraba farms

• 50 acres in the Masai Mara

• Parcels in Laikipia, Limuru, Molo, Nakuru and Ruiru

Njenga Karume’s Shares in 46 Companies In Kenya

• Gracia Limited

• Kenya Miraa Growers Limited

• Maziwa Transporters Limited

• Kiambu Sawmills Limited

• Cianda Estates Limited

• New Kenya Cooperative Creameries

• Kenya Wine Agencies Limited

• Standard Chartered Bank Kenya Limited

• Kentmere (1986) Limited.

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