For complete article see:
http://www.eastandard.net/financialstan ... 060404.htm
The rise of Merali’s empire
By Nick Wachira
How a simple accountant rose to become one of Kenya's leading corporate billionaires
It all started in December 2003, when Naushad Noorali Merali, a Kenya businessman was in a reflective mood while on a pilgrimage to Saudi Arabia to pay tribute to his God, Allah.
An official from Vivendi Telecoms placed a call to Merali and informed him that his French based business partners had signed an exclusive contract to begin the negotiations for the sale of KenCell Communications to South Africa’s mobile phone giant, MTN.
Though Merali, through his holding company, Sameer Group — which is named after his only son and child — owned 40 per cent of KenCell Communications, the call did not bother him much. At 53, Merali is at his prime and one of the richest businessmen in Kenya. Today, he controls companies with over Sh20 billion in assets. His personal wealth is also calculated to be over Sh20 billion.
In September 2002, he had received a similar call from Vivendi informing
The rise of Merali’s empire
Biographies, Role Models etc...
Post Reply
1 post
• Page 1 of 1
Jump to
- ↳ Didar in Europe
- ↳ Didars in Africa
- ↳ Didars in North America
- ↳ Didars in Asia
- ↳ Didars in Middle East
- THEOLOGY
- ↳ THIS FORUM - RULES ETC
- ↳ Doctrines
- ↳ Rites and Ceremonies
- ↳ Ginans
- ↳ Qasidas & Geets
- ↳ Ismaili Law Documents and Other Historical Documents
- ↳ Khojki Heritage
- JUBILEE & DIDARS AGA KHAN IV
- ↳ Diamond Jubilee Padhramnis & Didars
- ↳ Other Diamond Jubilee Activities and Newspapers
- ↳ Padhramnis, Mulaquats and Didar other than Jubilees
- ↳ Other Golden Jubilee Projects
- ↳ The Heritage Golden Blood Project
- ↳ The Heritage Golden Salwaat Project
- HISTORY
- ↳ Pre-Adam
- ↳ Pre-fatimid
- ↳ Fatimid Period
- ↳ Alamut and Post-Alamut
- ↳ Contemporary
- SOCIAL
- ↳ Current Issues
- ↳ Imamat/ Noorani Family Activities
- ↳ Institutional Activities
- ↳ Jamat Activities
- ↳ Customs and Traditions
- OTHERS
- ↳ DID YOU KNOW?
- ↳ Art, Architecture, Music
- ↳ People
- ↳ Books
- ↳ Places
- ↳ Pen Pal and Contact info.
- ↳ Lost and Found
- ↳ Anecdotes
- ↳ Inspiration