Naushad Merali Net Worth is$410 $Million
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Birth Date: 1951/02/01/mf
Birth Place: Nairobi, Kenya
Spouse: Zarin (wife)
Residence: Nairobi, Kenya
Nationality: Kenya
Known For: Being one of the wealthiest residents in Kenya and operating numerous business ventures
Occupation: Businessperson
Naushad N. Merali, CBS (born February 1, 1951 in Nairobi, Kenya) is the founder of the Kenyan mobile service provider Kencell along with French media giant Vivendi. He attended Highway Secondary School; a school exclusively for male students in the suburbs of Nairobi, Kenya. As one of Kenya's leading industrialists, Merali has brought commercial development in Kenya for more than 30 years and is constantly expanding his businesses throughout East Africa.
His wife is Zarin Merali, who is a director for the Kenyan Paraplegic Organisation. She is also a interior design consultant.
From the 1980s to March 2005, Merali was the director of the now-defunct W.P.H. Kenya Tea company.
In 2004, he managed to purchase 60% ownership of the business from Vivendi for $230 million. Merali would transfer ownership only an hour later to Celtel for a $20 million profit. While owning 5% of Bharti Airtel's Kenyan wireless phone operations, Merali spends his time steering the affairs of the Sameer Group. The Sameer Group is a conglomerate of 15 Kenyan companies that range from financial services to agriculture and even information technology. Three of these companies appear on the Nairobi Stock Exchange and Merali is worth $210 million as of November 2, 2011. He is reported to have shares in the Commercial Bank of Africa as of 2003. Merali's purchase of the Grand Regency Hotel during that year caused a lot of controversy in the Kenya area.
Merali also holds positions at the Kenya Export Promotion Council, the International Who's Who of Professionals, and the National Investment Council of Kenya. The President of Kenya has appointed him to positions such as membership in the Kenya Export Promotion Council, membership and The National Poverty Eradication Commission of Kenya, and membership in The Presidental Committee on Employment. Merali is considered to be the largest force behind Kenya's economic development due to his unfailing sense of business and his dedication to his v

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Naushad Merali Latest News

Kenya: Big Money Games That Run Kenya's Politics

A most talked about illustration of the new business friendship is the deal that saw leading electrical instruments manufacturer East African Cables change hands from business magnate Naushad Merali to associates of President Kibaki. Equally interesting ...
Posted: January 6, 2005, 4:00 pm

Kenya: KRA List Reveals Kenya's Billionaire Taxpayers

They are now listed alongside the owners of old money such as stock market billionaire investor Baloobhai Patel, businessman Naushad Merali (Sameer Investments chairman), Bharat Thakrar (Scangroup CEO) as well as industrialists Narendra Raval (Devki Group ...
Posted: July 7, 2017, 4:41 am

VLCC enters Africa through joint venture with Kenya's Sameer Group

It will be setting up slimming and wellness centres under the VLCC brand. Led by Naushad Merali, the $2 billion Sameer Group has business interests across agriculture, energy and power, finance and telecommunications. It also has a joint venture with ...
Posted: September 12, 2013, 6:40 am
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