He is a business genius and ranks among the richest people in Ukambani and Kenya by extension. In this article, WoK brings you the story of Peter Muthoka – the billionaire who dominates the logistics industry and dictates the pulse of Ukambani politics.
Peter Muthoka Business Ventures
Peter Muthoka is a renowned businessman and entrepreneur who runs one of the largest freight and logistics companies in Kenya. Some of the successful companies he operates include;
Acceler Global Logistics
He is the Founder and CEO of Acceler Global Logistics – one of Kenya’s largest freight and logistics companies. The company is involved in planning, implementing and operating complex supply chain solutions on a national, regional and global scale on behalf of several large companies in Kenya. The company offers different services including custom brokerage, warehousing, transport & distribution and ocean freight.
Established in 1991, the company is accredited by various organizations such as International Air Transport Association (IATA), The International Federation of Freight, Forwarders Association (FIATA), Transport Asset Protection Association (TAPA), Kenya International Freight and Warehousing Association (KIFWA), Kenya Transport Association (KTA), Shippers Council of East Africa (SCEA), UN Global Compact and Sedex Members Ethical Trade Audit (SMETA).
The company has operations in 150 countries worldwide and generates an annual revenue of over Sh5 billion. It has its headquarters at Acceler Towers, Jomo Kenyatta International Airport, 1st Freight lane, Freight Road, Nairobi.
Also Read: The Richest People In Ukambani And Businesses They Own
Transglobal Cargo Center
Muthoka is also the founder and chairman of Transglobal Cargo Center – another logistics company that mainly specializes in freight forwarding, trucking and transport storage solutions. The company is licensed by the Kenya Airports Authority (KAA) to provide cargo handling services at the Jomo Kenyatta International Airport (JKIA). The company received an award in 2016 from the World Customs Organization for its immense contribution in boosting trade and its services to the custom community.
Other interests and success
Through the two successful companies in the logistics industry, Muthoka has been able to create direct employment opportunities to over 5,000 people. Apart from being in the logistics industry, the billionaire has interests and investments in other business ventures. He was the largest individual shareholder of CMC Motors – an automobile distribution company. He later sold off his stake in the firm in 2014 to Al-Futtaim Group, a United Arab Emirates (UAE) based company, raking in close to Ksh 2 billion. His shares in publicly listed companies alone are worth over Ksh 4.5 billion. Muthoka is also a recipient of the prestigious Elder of the Golden Heart awarded by President Uhuru Kenyatta.
Also Read: Mulleys Supermarket Founder: The Uneducated Entrepreneur Who Founded Retail Giant
Political influence
Apart from being successful in the business world, Muthoka has a great political influence in the Ukambani region. The business mogul is known to be a fierce opponent of former Machakos Senator Johnstone Muthama. In the 2017 General elections, Muthama was on the side of National Super Alliance (NASA) and so Muthoka took the other side of the coin and went against what was seen as a community’s position to help Jubilee Party win several seats in the region.
As we approach the August 9th General elections, Muthama is on the side of United Democratic Alliance (UDA), a party associated with Deputy President William Ruto. On the other hand, Muthoka has joined the Azimio la Umoja One Kenya Alliance Coalition rooting support for Kalonzo Musyoka. The two billionaires are now caught up in a fierce battle on who will win the hearts of the Akamba community, both using their deep pockets in a bid to win the 2 million votes in the region. By Isaac Blessings, WOK
