Kenyan tycoons now give way to foreign investors

Dollars and Shillings

Long before the age of the internet drowned Kenya’s deep pocketed lot in celebrity news and pop culture, a coterie of billionaires were household names and faces of private and State corporations.

But now, if you stop a young person in his 20s and ask about Peter Munga, who recently quit Equity Bank after 35-years, you are likely to attract blank stares.