Duale's net worth jumps Sh129mn to Sh980mn on property appreciations, rentals - Capital Business
Connect with us

Hi, what are you looking for?

Kenya

Duale’s net worth jumps Sh129mn to Sh980mn on property appreciations, rentals

NAIROBI, Kenya, Aug 2 – Environment and Sanitation nominee Aden Duale says he is worth Sh980 million, up from his Sh851 million net worth when he assumed office as Defence Cabinet Secretary in October 2022.

Duale made the revelations before the National Assembly Committee on Appointments for vetting on Friday.

He noted that her wealth had been amassed through appreciation of assets and properties as well as rental income before he was fired when President Ruto dissolved the Cabinet last month.

”I have pieces of land both in Garissa and Nairobi, My house in Nairobi, my house in Garissa, my Cattle ranch in Garissa, my rental property in Nairobi and Garissa, my shares in family-owned businesses, my Camels and cattle, and motor vehicles,” he said.

“Lastly, I got good revenue from the book sales of my Autobiography which is one of the best selling books today,” Duale said.

When tasked to explain the over Sh129 million margin revenue growth in less than two years, Duale revealed that the properties he owns including livestock have increased in folds during the 21 months he was in the Defence docket.

“Both for land investment and land interest increased between 12 and 15 percent.

That’s growth will come to Sh140 million.

We had good rains so my livestock grew in numbers,” he told MPs.

Visited 7 times, 1 visit(s) today

More on Capital Business

Kenya

NAIROBI, Kenya, Nov 11 – The TelPosta Pension Scheme (TPS) has announced plans to dispose of several real estate assets across the country after...

Kenya

NAIROBI, Kenya, Mar 18 – A total of 37 Fairmont properties have been listed on the Forbes Travel Guide (FTG) 2024 Star Award Winners...

Banks

Bankers have welcomed the recent rallying of the Kenyan shilling against its American counterpart, saying it points to a positive economic outlook for the...

Kenya

NAIROBI, Kenya, Jan 18 – The Competition Authority of Kenya (CAK) has okayed the full acquisition of Nova Schools property at Tatu City in...

Top Story

NAIROBI, Kenya, Sep 12 — Central Bank of Kenya (CBK) Board Chairperson nominee Andrew Musangi has reported his net worth at Sh1.2bn with portfolios...

Kenya

NAIROBI, Kenya, Nov 29 – Youth who form much of the populace in the country have been urged to invest in real estate in...