Kungu Stephen: Multi-billionaire who sold Nakuru to the world

Businessman Kungu Stephen established Pivot Hotel and Hotel Kunste.

His name may not ring a bell for millennials, but to those born before the 1980s, the late Kungu Stephen was a business icon. Kungu, who died on April 6, 2015, made a mark in real estate and the hospitality industry in Nairobi and Nakuru, leaving behind a Sh50 billion empire. He owned a number of hotels, real estate, prime lands and other high end properties across the two counties.

A man of humble beginnings, Kungu started off as a civic leader in the former Nakuru district and later became a member of the Ministry of Commerce-scheme for Assistance of African Industrialists, Artisan and Businessmen.