Billionaire businessman Naushad Merali is dead.
The 70-year-old industrialist passed away on Saturday morning at his Nairobi home.
Merali was among the pioneers and now Chairman of Sameer Group, a conglomerate of about 15 companies in Africa that cuts across sectors such as finance, agriculture and so on.
He was also the founder of Kencell mobile service provider, now Airtel Kenya. The service provider is ranked the second largest in Kenya.
According to Forbes Africa, Merali was the third richest in Kenya and 48th in Africa, enjoying a networth of about $370 million as of 2015.
A statement from the Shia Ithna Ashri Jamaat secretariat confirmed that he will be buried today (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,” part of the statement read.
Owing to his status, the family promised a later memorial service in his honour to accomodate a larger gathering.
Merali leaves behind a wife Zarin Merali and children Yasmin and Sameer Merali.