Kenya: Kirubi’s empire succession, is the daughter a front runner?

Kenya: Kirubi’s empire succession, is the daughter a front runner?

Haco Tiger Industries Chairman Chris Kirubi (L) speaks with fellow participants during a break in the U.S.-Africa Business Forum in Washington August 5, 2014. REUTERS/Jonathan Ernst When Kenyan tycoon Chris Kirubi died, the smart money was on his daughter Maryanne Musangi Kirubi taking over the business. But the emergence at Kirubi’s funeral of a third child, Fiona Kirubi, may yet put a spoke in the carefully laid out transition plans.

The late business mogul Chris Kirubi had bought additional 5.8m shares in the diversified investment firm Centum, four months before he died. This was in a quest to expand his stake in the Nairobi bourse listed firm to 50%.

The octogenarian, who succumbed to cancer on 14 June, believed in wealth accumulation and associated himself with success , nothing less. A few hours to his last breath, he had even tweeted about success.

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