List of Kenyan Billionaires Who Own Prestigious Schools Charging Fees up To KSh 1.3m Per Term
A report by the International Schools Database revealed that Nairobi tops African cities in fees paid by the rich The analysis noted that fees in elite schools reach a high of $31,000 (KSh 4.4 million) annually with the wealthy spending big on their children’s education Among Kenyan Billionaires Who Own Prestigious Schools are the Moi family, Kenyatta family, Daniel Gachukia and Peter Munga
Riara Schools were founded by the Gachukia family. Riara School students. Photo: Riara Group of Schools. Source: UGC A report by the International Schools Database in April 2023 revealed that Nairobi tops African cities in fees paid by the rich in schools. The analysis noted that fees in elite schools reach a high of $31,000 (KSh 4.4 million) annually.
“Nairobi also offers the highest spread of prices, from a minimum of $935 (KSh 130,800) to a maximum of $31,000 (KSh 4.4 million) per year, the analysis as reported by Daily Nation stated.
Riara Group of Schools founder Daniel Gachukia started his hustle in the teaching profession. After graduating from Makerere University in Uganda, Gachukia started teaching at Namilyango High School in President Yoweri Museveli-led country. He later returned to Kenya and taught at Thika High School before moving to Kagumo High School. Together with his wife Eddah, they started building Riara Group of Schools which have, over the years, evolved to become one of Kenya’s prestigious learning institutions.
According to its fee structure, Grade 1 to 6 school fees range from KSh 88,000 to KSh 103,000 per term. 2. Kenyatta family – Peponi School Peponi School offers education from kindergarten to high school level. According to Pulselive, the school is owned by the Kenyatta family.
Peponi School’s fee structure per term is as follows: Playgroup and foundation KSh 214,500 (half day), KSh 234,500 (foundation only full day). Reception KSh 308,000. Pre-prep Year 1 KSh 347,600. Pre-prep Year 2 KSh 640,200. Year 3 to 8 KSh 695,500. Peponi School fees structure per term. Peponi School charges up to KSh 695,500 in school fees per term. Photo: Screengrab/ Peponi School. Source: UGC 3. Peter Munga Murang’a billionaire Peter Munga has diverse investments in different sectors of the economy. The Equity Group founder is the brains behind Pioneer Group of Schools established in 2000 according to its website. The Mt Kenya Foundation tycoon owns Pioneer Girls High School in Thika, Kiambu county and St Pauls Thomas Academy. He also chairs the Pioneer International University Board.
4. Peter Karoki Peter Karoki manages Woodcreek Schools which offers the British national curriculum that is accredited by the Cambridge Assessment of International Education. It’s situated in Kiambu along Kamiti Road with its students sitting for IGCSE and GCE (A-Level) and BTEC examinations. Read also “Perfect Storm”: A Look at William Ruto’s Maiden Budget 2023 Vs Uhuru’s Exit Budget 2022 Karoki was inspired to start the school in 2018 as he felt pity for his daughter who was forced to wake up early to go to school. It charges fees of between KSh 139,500 to KSh 1.3 million per term depending on the level. 5. Moi family According to Forbes, Daniel arap Moi, who served as Kenya’s president from 1978 to 2002, amassed a large fortune.
The Moi family has an estimated net worth of over US$ 3 billion (KSh 420 billion). After his death in February 2020, his youngest son, Gideon Moi, was handed over the baton to lead the family. The family invested in the following schools: Moi Education Centre (Nairobi). Sacho High School (Baringo). Kabarak University (Nakuru). Kabarak High School (Nakuru). Sunshine National School (Nairobi). Moi Africa Institute Kabarnet Gardens. Read also List of Murang’a Billionaires Who Rule NSE, Their Properties and Businesses Expensive schools in Kenya Kenya has over 90,000 schools, according to the Economic Survey released by the Kenya National Bureau of Statistics. The International School of Kenya tops the list of the most expensive schools in Kenya, with parents paying up to KSh 3.4 million in fees. It is co-owned by the American Embassy and the Canadian High Commission. The Nairobi-based institution is a member of the Association of International Schools in Africa (AISA), the Council of International Schools and Round Square. Source TOKU.
