Andrew Musangi, a son-in-law of the late Kenyan tycoon Christopher Kirubi, has been appointed to the board of directors of Centum Real Estate Limited.
Musangi is an experienced lawyer and husband to Mary-Ann Musang, Kirubi’s oldest daughter. Centum Investment Company Plc CEO James Mworia confirmed the appointment.
“Andrew brings considerable legal and commercial experience to the board of Centum Real Estate,” Mworia said. “He has been in active legal practice for 26 years and is the chairman of GenAfrica Asset Managers and the chairman of the Public Procurement Regulatory Board.”
Centum Real Estate is a subsidiary of Centum Investment Company, commonly known as Centum.
Centum is a public investment company in East Africa. It operates as an affiliate of the Kenyan state-owned Industrial and Commercial Development Corporation. Its products include but are not limited to private equity, real estate development, agribusiness, publishing, banking, power generation and beverage distribution.
Kirubi was the company’s largest shareholder, with a 39-percent stake. It is listed on the Nairobi Stock Exchange.
Kirubi was a Kenyan industrialist who died at 80 after a protracted battle with cancer. He was one of the most notable businessmen in the East African country. His empire spanned media, real estate, manufacturing, banking and insurance.
He also owned Capital Group, a media group, and Nairobi’s famous Capital FM. Kirubi worked as a deejay at the radio station in his free time and went by the nickname, “DJ CK.”
Kirubi was buried in June. At his burial, Musangi and members of the Kirubi family pledged to protect his legacy. This appointment could be one way the family intends to fulfill that promise.
