This article digs into the complexities of storing cash from Mpesa to ABSA Bank, revealing insight into the meaning of the Paybill Number. Let’s read below about “Deposit Money From Mpesa to ABSA Bank”.

The Role of ABSA Bank in Kenya’s Financial Landscape

ABSA Bank, previously known as Barclays Bank of Kenya, has been a necessary piece of the country’s monetary scene for a long time. The bank caters to both individual and business customers with a variety of financial products and services. As innovation keeps on molding the financial area, ABSA Bank has embraced advanced developments to offer advantageous and proficient types of assistance to its clients.

Mpesa: A Catalyst for Financial Inclusion

A Catalyst for Financial Inclusion Safaricom’s 2007 launch of Mpesa, a mobile money service, has transformed Kenya’s financial sector. At first planned as a distributed cash move administration, Mpesa has developed into an extensive monetary stage, empowering clients to cover bills, buy labor and products, and even access credit.

Understanding the Paybill Number

A specific identifier known as the Paybill Number is used to facilitate seamless transactions between Mpesa and ABSA Bank. A Paybill Number is a mathematical code relegated to a particular business or association.  When utilizing the Mpesa platform, customers of ABSA Bank can deposit funds into their ABSA accounts through the Paybill Number.

ABSA Bank Paybill Number

ABSA Bank has an assigned Paybill Number that Mpesa clients should utilize while saving cash into their ABSA accounts. For ABSA Bank, the Paybill Number is a crucial piece of information that makes sure the money gets to the right person. It is vital to take note of that utilizing the right Paybill Number is fundamental to stay away from any confusions or misallocations in the exchange cycle.

How to Deposit Money from Mpesa to ABSA Bank

Now that we comprehend the meaning of the Paybill Number, we should dive into the bit by bit course of saving cash from Mpesa to ABSA Bank.

Step 1: Access Mpesa Menu

Access Mpesa Menu On your mobile device, access the Mpesa menu to begin the deposit. This is regularly finished through the Mpesa application or by dialing the USSD code on your telephone.

Step 2: Select Lipa Na Mpesa

Select Lipa Na Mpesa

Explore to the “Lipa Na Mpesa” choice, which is explicitly intended for making installments to organizations and associations.

Step 3: Choose Paybill

Pick Paybill

Inside the Lipa Na Mpesa menu, select the “Paybill” choice. This will incite you to enter the Paybill Number for the beneficiary.

Step 4: Enter ABSA Bank Paybill Number

Enter the ABSA Bank Paybill Number In the space provided, enter the ABSA Bank Paybill Number. Guarantee that the Paybill Number is exact to stay away from any exchange blunders. For ABSA Bank, the Paybill Number will be well defined for the bank and ought to be acquired from true ABSA Bank sources or client assistance.

Step 5: Enter Your ABSA Account Number

After entering the Paybill Number, you will be asked to enter your ABSA account number.

Step 6: Enter the Amount

Indicate the sum you wish to store into your ABSA account. Twofold really take a look at the entered sum to keep away from any inconsistencies.

Step 7: Enter Mpesa PIN

To approve the exchange, you will be expected to enter your Mpesa PIN. This step increases the process’s level of security by ensuring that only the authorized user can carry out the transaction.

Step 8: Confirm the Transaction

Cautiously survey the exchange subtleties, including the Paybill Number, ABSA account number, and the exchange sum. To begin the deposit, confirm the transaction to ensure accuracy.

Step 9: Receive Confirmation

Upon fruitful fulfillment of the exchange, you will get an affirmation message from Mpesa. The transaction ID and the amount deposited are included in this message, which serves as proof of the deposit.

Benefits of Using Mpesa to ABSA Bank Deposit

The coordination of Mpesa with conventional financial establishments, like ABSA Bank, offers a few advantages to clients:

1. Convenience

Convenience A further level of convenience is provided by the capability to deposit funds into your ABSA account directly from your Mpesa wallet. Transactions can be initiated from any location with mobile network coverage or from the comfort of one’s own home.

2. Speed

Mpesa exchanges are known for their speed. Stores made through Mpesa to ABSA Bank are commonly handled progressively, permitting clients to immediately get to the kept assets.

3. Monetary Consideration

The cooperation among Mpesa and ABSA Bank adds to the all-encompassing objective of monetary incorporation. Mpesa can be used by people who don’t always have easy access to traditional banking services to interact with formal financial institutions.

4. Decreased Exchange Expenses

For clients, the expense of storing cash through Mpesa to ABSA Bank might be more reasonable contrasted with elective strategies. Mpesa exchanges frequently have serious charges, making it a savvy choice for monetary exchanges.

5. day in and day out Accessibility

Mpesa administrations are accessible 24 hours per day, seven days per week. This implies that clients can store cash into their ABSA accounts whenever, even external customary financial hours.

Safety and Security Considerations

Clients ought to practice alert and comply to somewhere safe and secure rules to safeguard their monetary data.

1. Check Paybill Number

Prior to starting any exchange, guarantee that you have the right ABSA Bank Paybill Number. Twofold check this data from true ABSA Bank sources or client care to stay away from the gamble of sending assets to some unacceptable objective.

2. Protect Personal Information

Protect Personal Information Protect your Mpesa PIN and ABSA account number. Try not to impart this data to unapproved people to forestall any unapproved admittance to your assets.

3. Use Official Channels

Rely on Official Channels When attempting to obtain the ABSA Bank Paybill Number, use official channels like the bank’s website, mobile app, or customer service. To reduce the likelihood of spreading false information, avoid using unofficial sources.

4. Keep Transaction Records

Keep a record of the exchange subtleties, including the affirmation message got from Mpesa. In the event of any discrepancies, this documentation serves as evidence of the transaction.

Conclusion

The joining of Mpesa with conventional financial foundations like ABSA Bank represents the advancement of monetary administrations in Kenya. Collaborations between mobile money services and banks are likely to play a crucial role in enhancing financial inclusion and providing users with innovative solutions for their banking requirements as technology continues to advance. Understanding the means in question and complying with wellbeing rules guarantees a protected and consistent experience while saving cash from Mpesa to ABSA Bank. I hope you like reading “Deposit Money From Mpesa to ABSA Bank”.

The post ABSA Bank Paybill Number Deposit Money From Mpesa to ABSA Bank appeared first on Millennial Money Blogger.

From that moment on, ideas started racing through my mind. With a population of over 40 Million people, it is easy to make Kshs 10,000 per day in Kenya even from just a percentage of the population.

The thing is, to make such kind of money daily; you need to ask yourself a few questions.

Questions to ask yourself when coming up with a unique business idea in Kenya.

• What are people complaining about and can be turned into an opportunity?
• How many people are complaining?
• What are some of the problems facing people and they are willing to pay for a solution?
• Can these problems be solved?
• What are the main pain points among many Kenyans?
• Has anyone addressed these pain points yet?
• What are some of the negative experiences and things in my life that I am looking a solution for?

Once you get answers to those questions, you will be sure to have an idea of what you can do to achieve your goal. Below are 2 mind-blowing ideas that can easily help you make Kshs 10,000 a day without much hustle.

Get Kshs X from Y number of people

Once you have identified the problems and the pain points, you need to know how many people are affected. In that way, you will get to achieve your Kshs 10,000.

Find Y number of people to give you Kshs X each

• Kshs X * Y people = Kshs 10,000
• 1 Kshs * 10,000 people = Kshs 10,000
• 10 Kshs * 1000 people = Kshs 10,000
• 100 Kshs * 100 people = Kshs 10,000
• 1000 Kshs * 10 people = Kshs 10,000
• 10,000 Kshs * 1 people = Kshs 10,000

Our Magic combination from the discussion was to find a problem affecting 100 Kenyans who were willing to pay Kshs 100 to have the problems solved.

It sounds easy theoretically but it could be difficult in practice. That doesn’t mean it cannot be done.

At some point, my friend suggested we go to the Nairobi railways pedestrian bridge and ask for Kshs 10 from every person passing by but we couldn’t find a good value proposition.

We continued brainstorming and came up with some of the pain points and problems faced by more than 1,000,000 Kenyans every day. From that number, it was easy to conclude that we could get 100 people willing to pay Kshs 100 for something affecting them.

List of Problems faced by many Kenyans on a daily basis.

• Getting a job
• Finding a house
• Getting a loan or money
• Lack of startup capital for their businesses
• Coming up with a business idea
• Finding a girlfriend/Boyfriend and approaching a person of the opposite sex
• Commuting daily to work and being stuck in Traffic
• Lack of avenues to showcase their talent and passion
• Working in jobs they hate just to pay the bills
• Health and fitness issues
• Lack of education, information, mentorship, and guidance

What are the groups of people facing these problems?

• Youths
• Middle working class
• People in both rural and urban areas
• Both men and women

We also compared the list with our own pain points and challenges and decided to focus on the following; Challenges in finding business ideas and jobs, business education, mentorship, and guidance.

From the challenges, Bilichi Kenya was born with the aim of helping you succeed and make money online. So far we haven’t been able to make Kshs 10,000 per day but we believe that you can be a success story inspired by this post.

Use the information to start, build and run a business that will earn you Kshs 10,000 per day in Kenya.

As long as you can find a solution to one of the challenges listed above or any other, you will be able to make that kind of money in a day.

Create your own “Million Dollar Homepage”

Do you know how to code? Or do you know someone who can do it for you? If yes, then here is another opportunity to make you Kshs 10000 per day.  When Alex Tew lacked university fees, he started the Million Dollar Homepage where he created a homepage with one million pixels (10 * 10) selling for $1 each. Individuals and companies would then buy the pixels where they would place an image link to their brand.

Alex raised the $1M with the aim of paying for his college in Wiltshire, England.

You too can do the same for the Kenyan or African market. Maybe reduce the number of pixels and call it something like the “Kshs 100 homepage”. With time people and companies will be buying space on your homepage and you will go into the Kenyan millionaire’s books.

Conclusion

If you know what you believe in and it’s something you are very passionate about. Start doing it and then find people to pay you to do it.

“Opportunity lies in the places where people complain” – Jack MaShare or leave a comment below if you found this post useful.

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• How much does youtube pay you for 1 million views in kenya?

The post How To Make Kshs 10,000 Per Day In Kenya appeared first on Millennial Money Blogger.

Kirubi divorced his wife in 1999 but he was left to live with his daughter.

In 2017 he was diagnosed with cancer and was given 4 years to live.

He has been battling the chronic disease since then.

On 14/6/2024 he died at his home in Nairobi.

Here are the photos of Mary Ann Musangi:

chris kirubi daughter

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The post Mary Ann Musangi, Chris Kirubi’S Daughter Who Will Inherit His Wealth appeared first on Millennial Money Blogger.

Here is a full list of businesses that will make you a millionaire in Kenya:

Garage business

Fast food restaurant

Car spare part businesses

Large scale farming

Hardware business

Restaurant in big towns like Nairobi

Buying and selling land

Building rental houses

Blogging

Owning electronics shop

Owning a betting site

Wines and Spirits shop

Owning PlayStation shop

E-commerce business

Investing in Unit Trust

Transport and Logistics business

Butchery business

Bar/club

Car wash business

Car hire business

Executive salon

Selling scrap metals

Online Marketing/Social Media Influencer

Become a YouTuber

Metal Workshop business

Owning international schools

Own a church in major towns

Petrol station business

Selling timber

Catering business

Guest House business

Start a chemist

Run a clinic

Clearing and forwarding business

Owning long-distance trucks

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• List Of Top 10 TV Stations In Kenya
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The post List Of Businesses To Start In Kenya And Become A Millionaire appeared first on Millennial Money Blogger.

Gateway Mall is strategically located next to the Hilton Hotel along Msa Road in direct proximity to the JKIA, SGR Train Station and the Hilton Hotel

Gateway mall

Gateway mall Services

Free Wifi

We provide high speed internet connectivity for shoppers & Clients. Free high speed Wi Fi is available at select locations in the building, including the Food Court on Second Floor.

Ample Parking

With an automated parking management system and fulltime assistance, Parking is available at the ground Floor, building basement and discounted roof top parking.

Enhanced Security

Gateway Mall is designed with safety and security features. The safety of our tenants, clients and shoppers, and their property is a key priority for us. 

Gateway Mall Operating Hours

ATMs – 24/7Banks 8.30am – 4 pmShops 9 am – 10 pmClub – open till late management officeMon – Friday 8 am – 5 pmSat 8 am – 1 pm

Sunday closed

For any inquiries, feedback or suggestions you can reach us through the following options

The post Gateway Mall Location, Contacts, Atm, Parking, And Restaurants appeared first on Millennial Money Blogger.

This could be because you want to pay school fees or rent, buy food, pay debts or go out to drink with friends (Because why not?)

Making Kshs 5000 per day – today – in Kenya is not that easy and neither is it too hard. There are people who make more than that per hour!

So, how can you do it?

First, let us see how to break the Kshs 5,000 down using the basic first principles.

Rule 1: There is nothing for something!

To play the game of making money, you need the following.

• Identify a Problem: Something that the society wants (Quick money, Gossip news, Love, More time…)
• Create a product or service: You have to cater to the needs of your market in order to make money.
• Make an offer: Sell a product or service to your target audience.
• Make money: By creating value or solving a pain point you will get rewarded with money
• Repeat!

How to make Kshs 5000 Today

To make any amount of money, you have to give something in return. It could be a product, service or your time. The fastest way if you don’t have personal skills would be to sell a product or service. I that case, you need a source of money (A business or an individual).

Now let us look at the possibilities of making Kshs 5,000 in a day.

Find Y Sources (Businesses or Individuals) to give you Kshs X each

• 1 Source * Kshs 5,000 Product/Service = Kshs 5,000
• 2 Sources * Kshs 2,500 Product/Service
• 4 Sources * Kshs 1,250 Product/Service
• 5 Sources * Kshs 1,000 Product/Service
• 10 Sources * Kshs 500 Product/Service
• 20 Sources * Kshs 250 Product/Service
• 25 Sources * Kshs 200 Product/Service
• 50 Sources * Kshs 100 Product/Service
• 100 Sources * Kshs 50 Product/Service
• 500 Sources * Kshs 10 Product/Service
• 1000 Sources * Kshs 5 Product/Service

Now that you have an idea of how to make Kshs 5,000 in a day, it is your turn to go and hustle. Find a product or service that you can offer to a particular number of people for a given profit margin and you will have solved your problem.

Example: The Hard Way!

Identify a Problem: People want to have quick money through sports betting (Via Sportpesa, Bet in, Betika…).

Solution: Photocopy the daily games page from the daily newspapers (it will cost you about Kshs 3 per copy) in bulk – about 500 copies.

Identify a market: There are thousands of people that get off at the Nairobi Railway Station every morning going to work. Most of them buy copies with daily sports games in the city center. Target them by selling the copies just after the exit from the railway station. Sell the printout at Kshs 15. If you still have some more remaining printouts stand at the railway’s bridge where more people pass by and offer your products.

Value: The printout (one side) for one betting company (e.g. Sportspesa) sells at Kshs 10. Print the paper with odds on both sides of the paper (Two companies) and sell it at Kshs 15.

With less than the 500 copies, you will have made Kshs 5,000.

There are definitely other easier ways but hey, nobody said it would be easy!

Good luck!

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The post How To Make Kshs 5000 In A Day In Kenya appeared first on Millennial Money Blogger.

Julius Mwale Family

Mwale rose in Lunza village in Butere, Kakamega County. His parents were businesspeople. So automatically enacted the mantle to him. However, Mwale’s parents passed on when he was still young. He is married to Kaila Ek Mwale. The marriage took place in New York in 2008.

Julius Mwale Age

Julius Mwale was born in mid-1976 and is currently 46 years old in August 2024

Julius Mwale Education

Mwale started his education at a local Primary School in Lunza village and later joined Mukumu Boys Secondary School before entering college to pursue a diploma in telecommunications engineering. Julius believes technology has a broader market than any other experienced career.

Later he joined the Kenyan Air force, majoring in technology analysis and internet infrastructure. However, he was mired in a tussle with some individuals over academic property issues, which forced him to exit the country. While in the US, he explored electrical engineering at Columbia University.

Julius Mwale Employment

He was employed initially at the Kenya Air force as a telecommunications architect but fled through Uganda and Zimbabwe before pursuing asylum in the US. The mogul is behind the multi-billion Mwale Medical & Technology City based in Butere, Kakamega.

He broke the glass ceiling by pioneering biometric technology and combining it with two-factor authentication as a secure way for online banking systems.

Julius Mwale New York City Asylum

Mwale first recompensed in Uganda but was paranoid over his safety, which forced him to flee to Zimbabwe and later to the US in mid-2001. For the initial year, Mwale had an ambition for a breakthrough in technology but encountered a tough life, and it dawned on him that achieving his wishes would be an extremely slippery climb.

He compromised on a homeless shelter that was a budget for low-class people, although he desired to have asylum. Mwale in an interview on YouTube said, “A Homeless shelter is central to the people coming from jail; you meet individuals that are not mainstream people in the community, but my focus was to work on my technology, and the atmosphere was not so important.” 

Sadly, his laptop, a priceless gem containing bulky research data, was stolen. As a result, Mwale courageously had to utilize the public library even though he was confined to using the computers for an average of 30 minutes. The culture shock further pricked the troubled life that he experienced. The factors included a different language, climate, and food.

Julius Mwale Launch of SBA Technology

Mwale worked and joined Columbia University to study electrical engineering, although his main priority was to use this opportunity to create complex connections. 

Eventually, he was triumphant and launched SBA Technology, a company for which he was the president and head of the strategy.

The company pioneered a wave-based biometric system in New York, an unusual locality for a technology firm. Via this company, Mwale earned whooping 2 million US dollars and employed engineers across the globe.

 The company had 60 employees by 2003. It was among the first reputable customers that procured its services was the Bank of New York.

In 2004, SBA’s investment got a mega growth that would skyrocket it to unprecedented tiers when two-factor authentication legislation was passed and later effected in 2006.

The biometrics acquisition paid off handsomely, then plowed the funds into the Mwale Medical and Technology City acquisition.

The Mwale Medical and Technology City

Mwale Medical and Technology City (commonly abbreviated as MMTC) is a community-owned sustainable metropolis in Butere Sub-county, Kakamega, Kenya. 

It is around a large medical complex with a 5,000-patient capacity Hamptons Hospital, with a research and innovation park in the Plaza district. 

It also has a large industrial district anchored by a 10 megawatts solar power plant manufacturer and a Ksh 28 billion acquisition in a data center. Three other districts have residential homes with a 36-hole golf course, a commercial shopping center with a mall, supermarkets, and hotels, and an airport district for evacuating patients to the hospital via a planned cable car.

 Its value is US$2 billion. It is “A golden standard for new green Cities’ development worldwide.” MMTC serves as a successful template for other new cities, including Akon City in Senegal, which has integrated and uplifted the local community and catalyzed economic growth in the region.

The Hampton Hospital, a 5000-bed structure, was set up to loosen the hindrance of Kenyans and East Africans from touring India for medical attention. 

Due to the studies done, the idea behind setting up the hospital was to tap into the billions being channeled abroad for treatments by presenting an alternative & cheaper solution. 

Currently, the hospital has instituted at least 5000 jobs. According to Mwale, the numeral of workers by the end of 2024 would be at least 20000.

Julius Mwale Mumias Sugar Bidding

In a move to revitalize Mumias Sugar Company which is presently under receivership, a firm connected to Mwale made the highest bid of Ksh. 27.6 Billion in 2024. Mwale emerged top among the Eight interested investors. The second-place bid went to Kruman Finances with a quote of Ksh. 19.7 Billion.

Julius Mwale Private Jet and Value

In May 2024, Narok Senator Ledama Ole Kina was pictured inside Julius Mwale Private Jet Gulfstream G450 worth $ 4 billion. The 14-passenger aircraft has a speed of up to 1,85 Km/ Hour and runs on powerful Rolls Royce Engines.

Julius Mwale Horses Worth

Back in the United States, Julius is a stinking Rich Tycoon rearing on average 19 horses valued at Ksh. 1.5 Million each.

Mwale Medical and Technology City Economic Centers(Districts)

Plaza District

The Plaza district is one of the five economic centers of Mwale Medical and Technology City. 

The district is anchoring a the 5,000-patient capacity Hamptons hospital, the innovation park, and commercial centers with shopping, dining, hospitality, and residential homes.

Hamptons Hospital

Hamptons hospital acquired Kshs. 21 Billion (US$ 200 million) of equipment in 2024 to enable it to become one of the World’s leading hospitals.

It was opened in July 2024 for cancer treatment and later opening other departments. The hospital provides free treatment to the 2 million residents of Kakamega County with National Hospital Insurance Fund (NHIF)cards. It is NHIF accredited.

Ambulance services are put in place to provide emergency care to residents in the western region of Kenya. The hospital supports the community in other ways other than providing treatment.

It distributes free solar street lights to schools and the entire county. One billion shillings (US$ 10 million) have been spent on a community lighting program in Kakamega County.

Community members receiving free lights in 2024

Research and Innovation park

The research and innovation park is located in the Plaza District with over welcoming an Sh28 billion ( $260 million ) data center by the French firm Atos. 

 As the Research Park grows, several other major international firms have already taken space and chosen MMTC as the headquarters for all their African operations.

Hamptons Mall and Residences

Hamptons mall is a multi-billion shilling shopping mall anchored by Mwal-mart supermarket which provides a ready market for the 35,000 residents in the City to supply their organic produce and for shopping. 

The mall also contains Hamptons Cafe bed and breakfast and more than 90,000 square feet of private residences; that have a gymnasium and Olympic Size swimming pool for private residents. These were part of phase 1 of the City construction from 2014 to 2016.

Industrial District

The industrial district is one of the 5 economic centers of MMTC and is powered by a solar power plant. 

The district runs for 4 Kilometers and has its main two arterial roads; the Power plant road and the By-pass road connected by the boulevard. 

With its emphasis on sustainable development, MMTC has attracted globally-leading technology companies and hundreds of international investors. One such firm is the Miami-based Innova Eco Building System which invested US$40 million in 2024. It invested to build a green eco panel manufacturing plant at MMTC for building 4800 homes.  

These homes, like all facilities in the city, are powered using 100% renewable energy such as solar. Atlanta-based MCX Environmental Energy Corp invested US$100 million.

Its investment builds the 30-megawatt solar power plant that complements the city’s other renewable energy solutions. 

Golf District

The golf district is the Main residential district of MMTC. It consists of the 36-hole beautifully landscaped Hamptons golf course. 

The district stretches along the 9 Kilometer Golf and Church roads, beginning South at Lunza Boys High School. It then crosses Hampton’s boulevard to the north and veered Northwest past School road at St. Michael School Muluwa. 

The district then bears West to 12th street at the 35th hole fairway. A majority of the residents in this district are locals who had their homes upgraded in exchange for land. 

They additionally receive rental homes rented to MMTC workers. The main economic activity in the golf district is golf tourism, farming, and real estate.

Grid District

The Grid district runs along the boulevard for 6 kilometers starting at the first street and continuing past the 12th street. It is allocated for low-density housing, and unlike the Plaza district, it does not contain high-rise buildings. 

It runs from the East to the West of the City, situated on beautiful rolling hills with three rivers of Ingoye, Indechesa, and Imbanda. 

The boulevard is scaped with large beautiful mansions for residents.

Airport District

This district is one of the five economic centers of MMTC. It runs on four main arteries and the terminal section next to the School road near Khushibiriri.

The 5-kilometer Station road has a ramp for the planned cable car station designed to ferry visitors and medical tourists from the airport to the hospital in the Plaza district. 

The third golf trail is an entertainment zone for tourists, and the 4th street is the main residential zone of the airport district. The 4th street contains high-rise apartments for residents and City workers.

MMTC CONTACTS

office – +254 715814057 Hamptons Hospital – +254 723 150154

Hamptons Hospital physical address- Off D260 Road at Lunza Primary

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• Woman Fails to Walk After Consuming Transport Money Sent by Kitui Boyfriend
• Dandora sex worker accuses violent prison warder of taking long in the act, drags him to police station
• Billionaire Chris Kirubi Dead

The post Julius Mwale Networth appeared first on Millennial Money Blogger.

He is one of the richest men in Kenya. As of 2024, he was worth was over Ksh 70 billion.

A list of companies owned by the billionaire include:

Two Rivers Mall

Nairobi Security Exchange shares in several companies—over Ksh12 billion

1. DHL Kenya
2. Capital Media Group
3. Pearl Marina Project Uganda
4. Centum Investment Company
5. Bayer East Africa
6. Nairobi Bottlers
7. International House at the heart of Nairobi CBD
8. Haco Tiger Brands
9. Kiruma International Limited
10. UAP Provincial Insurance Company Limited
11. Beverage Services of Kenya Limited
12. Sandvik East Africa Limited
13. House in Runda worth Ksh 200 million
14. House in Mombasa worth over Ksh200 million

Rest in peace Chris

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• Mary Ann Musangi, Chris Kirubi’s Daughter Who Will Inherit His Wealth
• Billionaire Chris Kirubi Dead
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• Kirubi’s burial plans

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The post List Of Companies Owned By Chris Kirubi appeared first on Millennial Money Blogger.

It holds approximately 30% of the world’s known mineral reserves with most ranging from gold, diamonds, cobalt, uranium, oil, and massive gas reserves.

Africa has a population of more than a 1.3Billion people which makes the availability of manpower easy. The population contributes to the growing economy by producing $2.2Million in normal GDP.

It thrives in agriculture, natural resources, and trade which makes it the fastest-growing economy in the globe.

It is estimated that the economy will hit a GDP of $29Trillion by the year 2050 the World Bank.

Africa is also rich in diversity of cultural practices extending beyond international relations.

East Africa has the fastest growth and is estimated to have grown by 5% in 2024.

Northern Africa took second place with a growth rate of 4.1% in 2024 and made the largest contribution to Africa’s overall GDP Growth.

West Africa came in the third position with a growth rate of 3.7%

Central Africa with a 3.2% growth rate.

South Africa came last with a growth rate of 1.2% in 2018 which slowed down from 1.2% in 2018 to 0.7% in 2024.

This article is about the top 10 richest countries in Africa by using G.D.P which is defined as the total value of all services and goods produced in a nation’s economy over a set period of time. 

The following is a list of the top 10 richest countries in Africa based on both GDP and GDP per capita:-

NIGERIA GDP ($510.58 BILLION)

GDP:$510.5 8BILLION

POPULATION: 215,553,411 (August 2024)

GLOBAL RANKING: 31ST

It’s the second biggest country located in west Africa.

It holds a population of over a 200million people.

Nigeria’s G.D.P is driven by finance, transport, infrastructure, tourism, and crude oil.

Crude oil contributes to 10% of the GDP which is being produced at 1.6million barrels per day. Thus making Nigeria the largest exporter of crude oil in Africa.

The economy is also driven by the export of raw materials, coal, limestone, zinc-lead, tin, natural gas
iron, niobium, and iron ore.

Agriculture contributes to 20% of the GDP by producing cocoa and rubber respectively.

EGYPT GDP ($435.62 BILLION)

GDP:$435.62BILLION

POPULATION: 105,891,415 (August 2024)

GLOBAL RANKING:35TH

Egypt is located in North Africa. It mainly produces petroleum, and natural gas exports, tourism, wholesale and retail trade, construction, and real estate.

It has also invested in service delivery which contributes to half of its GDP. Egypt has also invested in metal products and chemicals.

SOUTH AFRICA GDP (426.16 BILLION)

GDP:$426.16BILLION

POPULATION: 60.689,034 (August 2024)

GLOBAL RANKING:36TH

Its also considered the “Rainbow Nation” of its diversity in both cultural, and people representation.
South Africa’s economy is supported through mining, manufacturing, financial services, and tourism.

It also exports natural resources, and raw materials like gold, diamond, platinum, coal, and iron ore.

South Africa is considered to be the largest producer of coal in Africa.

Tourism also plays a major role together with exporting wine.

ALGERIA GDP ($193.60 BILLION)

GDP:$193.60BILLION

POPULATION: 45,301,688 (August 2024)

GLOBAL RANKING:58TH

Algeria thrives well on good infrastructure and crude oil reserves which make up half of its GDP.

It relies mainly on the discovery of more crude oil reserves.

Agriculture, industrial works, commercial services, and construction are the main exports from Algeria.

Algeria also has the largest supply of ammonia in Africa.

MOROCCO (GDP 133.06 BILLION)

GDP:$133.062BILLION

POPULATION: 37,716,972 (August 2024)

GLOBAL RANKING:60TH

Morocco being based in the North of Africa, it’s the second richest non-oil producing African country.

Its GDP mainly comes from mining and manufacturing while 30% comes from industry and 15% from Agriculture and 5% from commercial services.

Tourism is also doing well in Morocco by contributing over 10% to its GDP. Combining with Agriculture it makes Morocco the third largest producer of phosphorous in the world.

It exports electrical materials, vehicle and vehicle parts, telecom, and textile industries.

ANGOLA (GDP $124.86 BILLION

GDP:$124.86BILLION

POPULATION: 34,749,632 (August 2024)

GLOBAL RANKING:61ST

Angola is considered the biggest reserve of raw materials in Africa.

Its economy is driven by crude oil reserves, and natural gas which is the third of its GDP.

It also specializes in diamond and cargo ships, and agriculture which contributes to half of its GDP.

KENYA (GDP $114.68 BILLION)

GDP:$114.68BILLION

POPULATION: 55,944,116 (August 2024)

GLOBAL RANKING:65TH

It’s the fastest, richest, and most growing county in East Africa.

It’s also the wealthiest in southern and central Africa.

The positioning of its coastline gives Kenya a strategic port for Asian and Arabian traders for centuries which makes it a trade hub for the region.

In 2024, Kenya’s economy grew by 5.7% GDP.

Tourism, Agriculture, a good working environment, and a clear business agenda make Kenya the best place to invest.
The industrial sector contributes 50% while the main products coffee, tea, and maize contribute 35% of its GDP.

The economy is also supported by financial services and technology.

ETHIOPIA (GDP $105.3 BILLION)

GDP:$105.3BILLION

POPULATION: 120,210,483 (August 2024)

GLOBAL RANKING:68 TH

Ethiopia is considered the horn of Africa and a land-locked country split by the great rift valley it’s the
8th richest country in Africa.

Archeologist findings back over 3 million years are found here which makes tourism a huge contributor to its GDP.

It’s the highest country production of coffee and honey in Africa.

Agriculture is considered to be the backbone of the economy by producing legumes, oily seeds, and cut flowers.

Construction, manufacturing, food processing, resources, and energy contribute to 80% of its GDP.

Gold, potassium, salt, and helium give over 10% of its GDP.

TANZANIA ($77.51 BILLION)

GDP:$77.51BILLION

POPULATION: 62,864,118 (August 2024)

GLOBAL RANKING:73 RD

Tanzania is one of the countries that make up the East African Community.

It thrives well in agriculture and industries contribute 30% of GDP and includes, mining, manufacturing, construction, electricity, natural gas, and water supply.

Tanzania mainly exports gold, coffee, cashew nuts, and cotton.

GHANA (GDP $73.89)

GDP: $73.894B

GLOBAL RANKING: 75TH

POPULATION:3,2268,187 (August 2024)

The West African nation of Ghana is known for many things including its rich beaches.

Agriculture mainly cocoa and rubber contribute to the largest GDP of Ghana.

Gold is the main export in Ghana.

The primary exports include gold, bauxite, aluminum, manganese ore, diamonds, oil, cocoa, timber and horticultural products.

Conclusion

Above we have listed the top 10 richest countries in Africa using GDP as a metric of measure.

The data keeps changing, we will always be updating it to make sure it’s up to date.

All figures are based on the latest annual report by the International Monetary Fund (IMF) and the World Bank using GDP current prices in U. S. dollars.

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The post Lavington Mall, Location, Contacts, And Direction appeared first on Millennial Money Blogger.