Naushad Merali, an Asian-Kenyan tycoon, knows how to profit from deals. Since the days of KenCell, Airtel and now Kenya Data Networks and SwiftGlobal, Merali has been able to get his timing right and make billions. He is among richest people in kenya
For instance, Merali owned 40 per cent of Airtel (then KenCell Communications), with French firm Vivendi owning 60 per cent in 2000. When his French partner decided to call it quits three years later, Merali used his pre-emption rights to play one of the smartest boardroom games in Kenya’s corporate history, which pitted a number of telecom giants against each other for Vivendi’s stake. In one of Kenya’s most fabled business coups, Merali convinced Vivendi to sell him its 60 per cent stake in KenCell for $230 million in 2004. An hour later, he flipped it to billionaire Mo Ibrahim’s Africa-focused Celtel for $250 million.
NAUSHAD MERALI BIOGRAPHY
Naushad Merali was born on 1st February 1951 in Mombasa county, he chairs Sameer Group, a Kenyan conglomerate active in agriculture, construction, information technology, property and finance.
NAUSHAD MERALI CV
Chairman of the Board and Director of Eveready East Africa Ltd.
Director of Ryce Motors
Director of Celtel International B.V
Director of Zain Africa B.V
He is a member of the:
Kenya Export Promotion Council
The National Investment Council
The World Economic Forum (WEF), Switzerland
The Conference Board, New York
The International Who’s Who of Professionals
He has had the following presidential appointments:
Part of the Committee to review Terms & Conditions of Service for Civil Servants
Member of the National Poverty Eradication Commission
Member of the Presidential Committee on Employment
NAUSHAD MERALI WIFE
He is marred to Zarin and father of two. One son and daughter called daisy
NAUSHAD MERALI NET WORTH
He is wealth amounts to $1000 million
NAUSHAD MERALI TRIBE
His tribe is Asian-Kenyan
Merali is a philanthropic man committing himself through the Zarina and Naushad Merali Foundation. In March 2012 his foundation extended Ksh 100 million donation to the Kenyatta National Hospital Day Care Centre. The foundation also pays bursaries for orphans and needy students notably the Starehe Boys Centre. He is also part of the Asian Foundation Kenya. His wife Mrs. Zarin Merali, who is in the Director Advisory Board of Kenya Paraplegic Organisation is the co-founder of their foundation.
He was awarded with the “Chief of the Order of the Burning Spear (CBS).”
In 2011, he was among the ‘10 African Millionaires To Watch’, according to Forbes Magazine.