Of Kidero and His Monies

By Donald Agwenge

Many have been asking how a son of a poor policeman could rise from the bathos of poverty and build a successful empire. The question of Kidero and how he made his millions has been common whenever I engage about him. Here we go with Fabrizio Romano.

Fresh from University of Nairobi School of Medicine, the young graduate Dr. Evans Odhiambo Kidero transitioned into employment.

His first official entry in the white collar industry was in 1984, a year after his graduation, when he landed a job as a Production Pharmacist at PAC Labs, Nairobi.

In 1985, he got greener pastures at Warner Lambert Pharmaceuticals and since then, he has been a CEO all his life until 2017.

In 1985, he was already earning over a million shillings from salary and bonuses. It is thus illogical to ask how a CEO of blue chip companies with a chain of investments in stocks and real estate has risen to his current net worth.

In 1989, Dr. Kidero moved on to SmithKline & French Laboratories as their Fields Sales Manager. He rose the ladder to become the Marketing Director for Glaxo East Africa.

As you all know, hardwork never goes unrewarded. On 7th October 1991, he beat over 23 shortlisted applicants and was appointed the Managing Director of SmithKline Beecham for East and Central Africa. In 1999, after his sterling performance, he was promoted to manager a wider territory and the son of Homabay was now in charge of East, Central and West Africa, based in Lagos, Nigeria.

In August 2001, Dr. Kidero came back home to serve as the Chief Executive of the Nation Media Group where he industriously worked until the year 2003.

In 2003, he joined Mumias Sugar Company as the Chief Executive. During his first year, the company made 1.1 billion in profits and a cumulative profit of Sh. 16 billion during his nine years stint at the company.

He resigned in 2012 to pursue politics and won the Nairobi gubernatorial race where he served as City Hall CEO until 2017.

As early as 1987, Dr. Kidero had began buying land in Nairobi and investing in real estate. He also invested in long term and executive shares at SmithKline Beecham. He owns shares at Family Bank, Radio Africa group and several other reputable companies in Kenya and abroad.

Dr. Kidero’s financial warchest is thus a result of financial discipline and diaphanous hardwork.

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