Billionaire Naushad Merali is dead

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Merali, who was ranked as the 48th richest man in Africa according to Forbes in 2015, died in Nairobi.

Businessman Naushad Merali is dead.

He was 70 years old.

Merali, who was ranked as the 48th richest man in Africa according to Forbes in 2015, died in Nairobi. His wealth at the time of the ranking was estimated to be about $370 million.

He was the founder of Kencell (now Airtel) and the chairman of the Sameer Group.

A statement by the Shia Ithna Ashri Jamaat secretariat said the burial will be held on Saturday, July 3.

“It is the family’s request that Covid protocols be adhered to firmly hence, only immediate members of the family and those assisting with the burial proceedings to attend. The family thanks you for honouring this request,” it said.

The secretariat said details of a memorial for the wider community and friends will be circulated in due course. 

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The Sameer Group is a conglomerate in Kenya – with a regional presence in East Africa – with interests in agriculture and agribusiness, trading and commerce, construction and engineering, commercial and leasing, EPZs, energy and real estate.

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