KRA Lists Kenyan Billionaire Taxpayers Including Faith Mwikali and Lucy Mwiti

  • The Kenya Revenue Authority (KRA) has published a list of the top taxpayers in Kenya which indicates a number of new entrants to the billionaires club.

    The list includes the names of two little-known Kenyan women namely; Lucy Mwiti and Faith Mwikali.

    The two women are classified among Kenya's High Net Worth Individuals (HNWIs) whose annual income lies between Sh350 Million and Sh1 Billion.

    Other prominent persons who have just joined the top ranks of Kenya's wealthy individuals include KPMG’s Chief Executive Josphat Mwaura, Ernst & Young’s CEO Gitahi Gichahi and the former Ethics and Anti-Corruption Commission Philip Kinisu.

    SportPesa Chairman Paul Ndung’u and the Director of NIC Bank Andrew Ndegwa have also joined the top brass of the country.

    Some of the country's long-standing HNWIs include stock market billionaire investor Baloobhai Patel, businessman and Sameer Investments Chairman Naushad Merali, Scangroup CEO Bharat Thakrar, Devki Group Chairman Narendra Raval and Pradeep Paunrana, the ARM Cement CEO.

    The KRA list is essentially made up of individuals who have no qualms with adopting transparency in the management of their wealth and tax obligations.

    They are the rich Kenyan individuals who have not evaded taxes by having offshore accounts.