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The Billionaires of Kenya: Five Sons of Moi and 7 Companies They Run

Joy KwamabyJoy Kwama
September 14, 2025
Reading Time: 6 mins read
Former President Late Daniel Toroitich Arap Moi

Former President late Daniel Toroitich Arap Moi during a past event. PHOTO/UGC

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The five sons of Kenya’s late second president, Daniel Arap Moi, are some of Kenya’s most influential businessmen.

About two decades after his retirement from politics, Jonathan, Raymond, Philip, John Mark, and Gideon Moi inherited huge pieces of land and powerful stakes in media, banking, aviation, real estate, education, and energy.

Together, they control an empire that shapes Kenya’s economy and public life.

While estimates of their wealth vary widely, ranging from Ksh13 billion ($100 million) according to Billionaires Africa, unofficial assessments suggest it could reach more than $3 billion.


Also Read: The Billionaires of Kenya: Meet Zedekiah Buzeki Bundotich, Who Made Money From Milk


The 7 Businesses Making up the Moi Empire 

1. Siginon Group / Siginon Aviation

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The family’s most prominent logistics business is the Siginon Group, which operates freight services, trucking, warehousing, and distribution.

Additionally, its subsidiary, Siginon Aviation, is a trusted name in air cargo and ground handling.

In 2021, the family sold a 51 percent stake in Siginon Aviation to National Aviation Services (NAS) for Ksh1.7 billion, valuing the company at over Ksh4 billion, but retained a minority stake in the wider group.

At its peak, Siginon Aviation was reported to have an annual turnover of close to US$100 million, making it one of East Africa’s key supply-chain players.

2. Standard Media Group

The five Moi sons own a majority stake in the Standard Media Group, which includes The Standard newspaper, Kenya Television Network (KTN), KTN News, Radio Maisha, Spice FM, Vybez Radio, and several digital platforms.

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Acquired from Lonhro in 1995, the media house is a source of revenue and a tool of political and social influence. 

3. Agriculture and Flowers – Sian Roses

Beyond media and logistics, the family is also a major player in the flower export business through Sian Roses.

The company runs multiple farms in Kitengela, Njoro, and Eldoret, growing millions of rose stems annually for export to Europe, the United States, and the Middle East.

Since its establishment in 1995, Sian Roses has become one of Kenya’s biggest flower exporters. 

4. Banking and Finance – Standard Chartered Bank Kenya

Through Kabarak Limited and individual family members, the Moi family holds about a 1.03 percent stake in Standard Chartered Bank Kenya.

The family has historically held interests in several other banks, including Trans-National Bank and Equatorial Bank.


Also Read: The Billionaires of Kenya: Meet Amarjeet Patel, Investor with Mysterious Super Rich Husband


Hotels, Schools, and Other Billionaire Estates

5. Hospitality – Hotels and Resorts

The family’s presence in the hospitality sector includes ownership of Merica Hotel in Nakuru and Lake Bogoria Spa Resort, as well as previous stakes in Nairobi’s Intercontinental Hotel.

Merica Hotel boasts nearly 90 rooms and luxury suites, serving as a popular stopover in the Rift Valley, while Lake Bogoria Spa Resort attracts domestic tourists and conference groups. 

6. Education Institutions

Education is another area where the Moi family has invested heavily, both for profit and legacy.

They own and manage prestigious institutions such as Kabarak University, Kabarak High School, Sunshine Secondary School in Nairobi, Sacho High School, and Moi Educational Centre.

7. Real Estate and Land Holdings

With nearly 300,000 acres of land, the Moi family is Kenya’s second-largest landowner after the Kenyatta family.

Their companies, such as Sielei Properties Ltd., Regent Management, Homestead Enterprises, Gateway Properties, and Courtyard Property Investment, manage a vast portfolio of residential and commercial properties.

The property includes prime homes in Lavington and Karen, a residence in Nakuru, and holdings abroad in South Africa.

Inside Moi’s Will

According to his Will, Moi left a 931-hectare ancestral parcel of land to be distributed equally among his five sons, Jonathan, Gideon, Raymond, Philip, and John Mark.

He instructed that the land, held under the trusteeship of Kabarak University, would eventually be transferred to their children.

His three daughters, Jenifer Chemutai Moi, June Chebet Moi, and Doris Chekorir Moi, each received Ksh100 million in cash.

Additionally, a contested KSh2.5 billion, 19.7-acre parcel of land in Muthaiga, Nairobi, was excluded from both his 2005 Will and a later codicil.

However, US-based Kenyan George Kiongera claimed Moi sold the land to three different firms between 1988 and 2016.

Follow our WhatsApp Channel and X Account for real-time news updates.

Kanu Chairman Gideon Moi. Photo/Kanu.
KANU Chairman Gideon Moi. PHOTO/KANU.
Tags: BillionairesBillionaires of KenyaDaniel Arap Moi
Joy Kwama

Joy Kwama

Mercy Joy Kwama is a digital journalist who is dedicated to the art of storytelling, truth-telling and changing narratives. She covers diverse topics including politics, social justice, gender, humanitarian matters, and policy. Mercy is especially driven to amplify the voices of marginalized African communities and challenge the status quo. She is a graduate of Riara University with a degree in Communications and Multimedia Journalism and is well-equipped to navigate the complex landscape of news reporting. In her spare time, Mercy likes to pick up new skills including dancing, gardening, reading, and meeting new people.

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