Two young Kenyans have made it to theย Forbesย list of 10ย African millionaires to watch in 2013.
Gerald Wamalwa, 28, and Ken Njoroge, 37, are among the young and rich promising multi-millionaires mentioned in theย Forbesย Magazine website.
Wamalwa is ranked fourth while Njoroge is sixth on the list that features two other young Eastย African entrepreneurs on their way to becoming multi-millionaires.
Tanzanians Mohammed Dweji and Patrick Ngowi are also promising multi-millionaires.
Wamalwa quit his job as a field civil engineer in 2003 and went to start Mellech, an engineering outfit.
Solely responsible
According a report by theย Forbesย Magazine website, Mellech Engineering and Construction is now one of Eastย Africaโs leading construction andย infrastructureengineering companies.
The company offers services in the construction of building projects, roads, and water and sewer projects and related civil engineering infrastructure projects in Kenya, Southern Sudan and Uganda. It grosses over $11 million a year in revenues.
Wamalwa also owns ACP Telecoms, a company that provides turnkey telecommunicationnetwork infrastructureย solutions.
According to the companyโs website, over time Mellech has undertaken and commissioned projects of varied natures, from industrial development to public utilities; from commercial and residential developments to large civil engineering projects.
โMellech Engineering has handled projects across varied regions and markets and is operational in Kenya, Southern Sudan and Uganda, with prospects in the short and midterm forย Rwandaย and the greater Easternย African region respectively.โ
Njoroge, 37, is said to be the founder of Cellulant, a leading Pan-ย African mobile commerce company that manages, delivers and bills for content and commerce services over mobileย networks.
Cellulant provides mobile banking, mobile payments, music, information services and other mobile related services.
Njoroge founded the company in 2004 along with a Nigerian partner, Goke Akinboro. It now has a presence in eightย African countries and boasts a clientele ofย African blue chips like Barclays Bank, Standard Chartered, MTN and other companies.
Cellulantโs revenue for the year 2013 exceeded $120 million. Also top of the list is Tanzanian Mohammed Dweji, 38, theย CEOย and leading shareholder of Mohammed Enterprise Limited.
Annual turn-over
The magazine notes that Dweji was solely responsible for engineering the groupโsย transformationย from a trading house to a manufacturing powerhouse.
METL, which records an annual turn-over of close to $2 billion, owns 21st Century Textiles, one of the largest textile mills in sub-Saharanย Africaย by volume.
Patrick Ngowi is another Tanzanian mentioned on the list.ย He deals in alternative energy. Ngowi,, 28, is the founder of Helvetic Solar, Eastย Africaโs leading renewable energy company.
Companies in the group are involved in the handling, supply, installation and maintenance of hydro turbines, solar power and thermalย systemsย in Eastย Africa.
According to Ngowi, Helveticโs revenues are expected to hit $7 million before the end of this year, and the company is extremely profitable.
The companyโs majorย clientsย include the United Nations, World Vision and the Tanzanian army.
An emerging philanthropist, Ngowi offers basic lighting facilities to Tanzaniaโs rural poor through his Light For Life Foundation.
Source-standardmedia.co.ke
Kenyans on Forbes list of millionaires to watch