Tag Archives: CEOs & Founders

The Inspiring Journey of Victor Amollo to Founding IconPrime Properties Ltd at 35!

IconPrime Properties Ltd’s name came up during our compilation of this year’s Top 30 Male Real Estate CEOs in Kenya listing and based on the various boxes ticked through the selection process, the company’s Chief Executive Officer, Mr. Victor Michael Amollo landed on this inaugural class at Position 16. Icon Prime was founded by a couple, one Victor Amollo and Winnie Maina. As expected, our team wanted to dig deeper into this new real estate firm that is taking off delivering one plot at a time.

We had a rare opportunity to meet and engage with the CEO at his offices at Spur Mall Ruiru along Thika Road on how he got where he is right now, the kind of upbringing he went through and how that impacted his future life and most importantly, the sustainable strategies the company has put in place to ensure the growth of the Icon Prime Properties brand. This is Victor Amollo’s inspiring journey to the top.

Early Life

Victor was born to a humble family in the heart of Busia County – the westernmost part of the country neighbouring Uganda – where he recalls his early years as being very challenging. Going to school with a torn uniform, walking barefooted and not really finding a sense of purpose while in Primary School especially due to poor results can be a recipe for disaster. And this case was exacerbated further by discouragements from the people closest to him. From his own admission, the stage had been set for failure as he did not even anticipate joining high school!

But as fate would have it, his turning point was to come not far from finishing his KCPE exams after his parents passed on leaving them orphaned. As part of the succession plan to ensure that they were well catered for, the young Victor and his younger siblings were adopted by their uncle and became one big family. A decision that would effectively give him another chance to dream and design a different path for his future life. This is how it unfolded:

Given his unimpressive results in the runup to the KCPE Exams coupled with the demise of his parents some few months to the KCPE, he did not perform well and therefore didn’t expect to gain admission to a secondary school – at least that’s what he had grown up knowing. However, his uncle chose to give him the chance to pursue his secondary education in a local school nearby. This surprising turn of events was the spark that Victor needed to pivot his life. A journey that would eventually lead to the establishment of the Icon Prime Properties brand.

As a result of the offer from the uncle to go to high school, he decided to instead repeat Class 8 in his former primary school where he shocked everyone by emerging first position in his indexing exam. He maintained Top 3 spot till his KCPE exams in which he came third in the school.

“When I ranked top 3 in my first exam when I went back to the same school that I used to be among the bottom 20 in a class of 80+ pupils less than a year ago, I realized it was possible to achieve anything. I now started creating more time to study with an aim of not going below Top 5, equally earning me a place to proceed with high school studies.” Victor quips. A promise that he clearly kept.

This transformation was consequently not to end at the primary level as he continued on this growth trajectory through his secondary school still within Busia County to set an unassailable record of maintaining the first position  from Form 2 up to the time he sat for his KCSE exams in which he led the school with an A- grade landing him the 52nd  spot in the Top 100 KCSE Students in Western Kenya Province in the year 2006 and third best candidate in the then Busia district, now Busia County. He later on earned admission to Kenyatta University (KU) for his Bachelor’s degree.

On his main goal and strategy of pursuing excellence in high school, he knew that the only sure way for him to better his life was qualifying for the university to undertake a bachelor’s degree through HELB sponsorship. The Higher Education Loans Board is a government authority that provides low cost financing for students who gain admission to institutions of higher learning when they attain a certain grade during their KCSE Examinations. And as fate would have it, Victor was selected amongst the beneficiaries in his cohort to be supported through university thus the success we celebrate today.

Previous Work Experience

Prior to co-founding Icon Prime Properties with his wife, Winnie Maina, Victor Amollo had worked as a Medical Technologist at the Pathologist Lancet Kenya since 2011. He worked at the company rising through the ranks from internship level to eventually being granted the responsibility of setting up the Lancet Laboratories in Tanzania where he and other colleagues successfully steered the subsidiary and in turn gained the much-needed startup experience that would later prove invaluable in his entrepreneurial journey. He then returned to the country after this assignment in Tanzania with a resolve to start building his business on the side as well.

Awards won at a recent event.

Together with his wife, they started venturing into private business on the side with one of the initial ventures being horticulture farming in Mwea region. This is a journey he remembers making like three times a week very early in the morning to check on the farm and returning to still clock in for his day job. In addition, the couple had another income stream through matatu business which had been secured through savings at that time.

“Our goal was to get to a point where our main expenses as a family would be carried comfortably by our side hustles. This journey enabled us to add a second matatu bus that was secured through financing thus expanding our income even further. Over time, all these efforts set the stage for our first company that exists to date; Petals Hygiene and Sanitation Services.” He reminisces on those times. After seeing the positive direction their hustles were taking, Victor and his wife quit their employment in 2015 to fully concentrate on building their business venture(s).  

Building Petals Hygiene and Sanitation Services Ltd

Next on his checklist was the co-founding of Petals Hygiene and Sanitation Services Ltd, a company focused on the provision of quality hygiene and sanitation services for their corporate and government agencies in need of such services. The company has been in existence for close to 9 years now and deal mainly in Commercial Office cleaning, Sanitary Disposal Services, Landscaping, Garbage and Medical Waste Disposal, Fumigation and Pest Control Services. Over the years, they have built a solid reputation in the housekeeping and hygiene line of business and today Petals Hygiene is a big household name to many consumers of this very services.

And with the experiences and contacts built over time, Victor and his wife eventually decided to take a plunge into the real estate industry, a passion they had harbored over time. They had a clear determination of going above and beyond to deliver to their clientele as well as redeem trust in the industry that had long gone due to rogue business personalities in the sector. They were also keen in providing affordable, value added and strategically located iconic properties. 

Thus the birth of Icon Prime Properties Ltd.

About IconPrime Properties

Unlike the popular belief that a real estate brand should have been in the market for a relatively long time for it to be considered a success, we believe the cumulative corporate experience gained by the couple in their respective companies has been the biggest reason that has catapulted this brand this far. The dynamic couple attributes the success of their ventures to being resilient, trusting one another, a never give up attitude, embracing the ability to learn from own mistakes, complementing each other person’s ability and the fear of God in their lives.

IconPrime was incorporated in 2019 but actively came into business in the last quarter of 2021 and currently boasts of land projects across the Nairobi Metropolitan region in highly sought after locations such as Ngong, Kikuyu, Juja Farm, Kangundo road among many other areas that also include Diani. The other thing that sets the company apart from its peers is the fact that the company owns the properties in which it transacts therefore guaranteeing the customers a safer investment experience given the murky waters that the real estate industry has been in Kenya for some time.

Motivation To Startup Founders

As a motivation to anyone aspiring to try their luck in business, his resounding advise includes; the need to take risks, shunning off fear and following your dreams and passions by starting out early. He further advocates for consistency by putting in small efforts consistently which eventually elevates one to a level of achieving the big dreams.

Furthermore, the IconPrime Properties CEO believes embracing a positive mindset not only has the capacity of making one scale heights they never imagined possible but also enables one to develop habits that optimizes the quality of life that they seek. Finally, he acknowledges that God also plays a key role in ensuring the success of the business world hence the need to put Him before all endeavors. On the family’s role in accelerating one’s success, he says “the family that you create is more important than the family you come from,” underscoring the critical role that his wife continues to play within the corporate ecosystem of the companies they run and how his close family inspires and motivates him to keep going.

On the future of the company, he is very optimistic on the prospects of the firm given the rate at which it is growing. “The best is yet to come. Progressively we are making tangible strides.  We see Icon Prime being a top real estate development firm through great customer service experience and consistently and seamlessly meeting the needs of Kenyans and those in the diaspora who are aspiring to fulfill their dreams of home ownership and wealth creation through property ownership, ” he concludes.

TOP 30 REAL ESTATES CEOs IN KENYA 2024 BY VALUABLE BRANDS KENYA

Top Real Estate CEOs in Kenya 2024: For this list, we celebrate their incredible corporate achievements and diligence exercised in driving their companies to excellence. We review the various real estate companies across the property market involving the property development, interior design, property agency among others. This comes barely a month since our listing of the Top 10 Women Real Estate CEOs in Kenya.

Here is our Top Real Estate CEOs in Kenya – Male edition.

1. PETER NYAGA – MD, CERTIFIED HOMES LTD.

Through 2023, he has successfully steered the company into a behemoth launching a number of real estate projects across the country in locations such as Diani in Malindi, Joska Malaa, Ruiru and with new upcoming ones in Konza and Eldoret. For a company incorporated less than a decade ago, we celebrate this achievement.

2. MWENDA THURANIRA – CEO, MYSPACE PROPERTIES LTD.

2023 was definitely the biggest growth year for the company with the firm delivering a number of high value projects such as Mytown Mall Karen, the Kisii Retail Center, Danka Plaza in Kilimani and now with plans for another strip mall in Bamburi set for this year.

3. DR. GEORGE WACHIURI – CEO, OPTIVEN REAL ESTATE

For a company that is set to celebrate its silver jubilee next year, Dr. Wachiuri has created an incredible team behind him driving this immense growth into several regions in the country such as Nanyuki, Naromoru, Malindi, Nakuru and now has gotten to Kitale. And last year also saw the company ventured into the property development segment with the establishment of Optiven Homes Ltd.

4. SAM KARIUKI – CEO, MI VIDA HOMES LTD

Last year was the CEO’s first full year at the helm of Mi VIda Homes and through his leadership, the firm has launched various projects such as the 1,150-unit Keza Residence, 640 – unit 237GC and Amaiya Project. Furthermore, the company has recently sold out their Garden City Housing Project within the Garden City Development.

5. KENNETH MBAE – MD, CENTUM REAL ESTATE

Kenneth Mbae is undoubtedly the youngest managing director heading a top tier real estate company in Kenya with property development interests at Vipingo in Kilifi County, Pearl Marina in Uganda and the Two Rivers Social City in Nairobi. Under his leadership, the team has successfully repaid a Ksh. 2.95 Billion bond through a mix of cash payments and transfer of housing units hence keeping Centum RE’s balance sheet healthy.

6. ANDREW MUTHEE GITAU – CEO, AMG REALTORS

AMG Realtors has experienced tremendous growth during the rein of the founder and now Executive Director, Andrew Muthee Gitau. During 2023, he steered the company to launch several projects and expand into newer locations such as Sagana in Kirinyaga County.

7. REUBEN KIMANI – CEO, USERNAME PROPERTIES LTD

We all know that being recognized among the Top Real Estate CEOs in Kenya demands that you have done something spectacular during the period under review. And for Reuben Kimani, last year was the moment when the company surprised its outstanding sales executive with a brand new Mercedes! And while the firm has always prioritized its workforce before, they have now also launched another project dubbed “Nawiri Pamoja”, a project focused on uplifting the communities in which it operates. No mean achievement by this incredible leader.

8. MOSES MURIITHI – CEO, FANAKA REAL ESTATE

Moses Muriithi clearly earns his place among the Top Real Estate CEOs in Kenya as the company had another great year of growth. Besides this, the end the year saw the firm treat its staff on an all expenses paid holiday at the coast while the Employee of year got a cheque of Ksh. 1 Million shillings. We ackowledge this spirit of putting the team as the first priority.

9. DR. HEZEKIAH KARIUKI – CEO, COMFORT HOMES LTD

Dr. Hezekiah Kariuki is the CEO of Comfort Homes Ltd and thrugh his leadership has grown the company successfully to deliver land projects in locations such as Kitengela, Isinya, Ruiru, Syokimau, Mai Mahiu, Ol Kalou, Kilimambogo and Konza.

10. JOHN MWAURA – CEO, FINSCO AFRICA

For a company that has exponentially grown from being a property marketing agency to now offer its own gated community development projects in under 3 years, we celebrate the CEO as among our inaugural Top 30 Real Estate CEOs in Kenya. With no doubt, the efforts and diligence that went into conceptualizing the Thika Grove Chania would not go unnoticed.

11. KINYUA WAIRATU – CEO, MAONO LANDS INVESTMENTS

Doubling up as the founding chairman of the Association of Real Estate Stakeholders (RESA), the CEO unwavering efforts in supporting the regularization of the sector for the benefits of all real estate stakeholers goes a long way. And he epitomises this in his leadership of Maono Lands Investments Ltd. A company he founded in 2016.

12. CLEOPHAS NYAGAKA – CEO, FINE URBAN INTERIORS

Cleophas Nyagaka earns his spot on this list thanks to his company’s tremendous contributions in the adoption of High end interior design concepts in Kenya. Through his firm’s accounts accounts across Facebook, Instagram, Tiktok and Youtube, the company showcases and promotes the emerging interior design market hence pushing the bar high.

13. ABUBAKAR MKUMBUKA BANZI – CEO, KOMBANI HOMES LTD

Being the only ranked CEO outside Nairobi, Abubakar has played a significant role in reshaping the real estate market in the coastal region where the company is based.

14. NAFTALI MWANGI – CEO, HYSSOP PROPERTIES

Naftali Mwangi is the founder and CEO of Hyssop Properties Ltd. Under his leadership, the company has curved out its niche in property marketing agency assisting buyers get available land and housing projects available in the market across the country. The firm also sells their own land projects.

15. DANIEL OJIJO – CEO, KENYA HOMES EXPO

Unlike all the other Top Real Estate CEOs in Kenya listed due to their direct interests in real estate agency, Daniel Ojijo is recognized for his contributions through the bi annual homes expo bringing together the real estate stakeholers and buyers for over 17 years now. Daniel also runs a property management agency within his Homes Universal portfolio.

17. VICTOR AMOLLO – CEO, ICONPRIME INVESTMENTS LTD

Victor Amollo is one of the most promising real estate players having driven the company within two years to have land projects spread across the region. Interestingly, most of these achievements can be attributed to 2023 with an incredible team behind him.

17. DAVID MWANGI – CEO, WESTHILL SHELTERS LTD

David Mwangi is the Chief Executive Officer of Westhill Shelters Ltd, a real estate company based in Nairobi with land projects in Juja Farm, Ruiru among other locations.

18. DANIEL KAMAU – CEO, FUSION ESTATE MANAGEMENT / FUSION CAPITAL

Within the 2023 period, the fund management company, Fusion Capital established its real estate subsidiary- Fusion Estate Management and placed under the leadership of Daniel. And in less than a year, the subsidiary has grown to rival the established firms in the real estate market with the main achievement being the operationalization of the Greenwood City Mall in Meru.

19. KEN MUGOH – CEO, MADARAKA HOMES

Ken Mugoh is the Managing Director of Madaraka Homes Ltd. A real estate company based in Nairobi with interests in Nanyuki, Diani, Joska and now with a new project in Konza.

20. JAMES MACHARIA – CEO, TOPCARE LANDS LTD

James Macharia is the CEO of Topcare Lands Ltd with projects in Joska, Juja among many other locations.

The Other CEOs among the TOP REAL ESTATE CEOS IN KENYA include:

AMG Realtors Appoints New CEO As Andrew Muthee Hands-Over To Martin Githinji Effective January 2024

It is transition o’clock at AMG Realtors as the founder and CEO Mr. Andrew Muthee Gitau from whose initials the company derives its name, is stepping down as the Chief Executive Officer to take up the Executive Director Role at the company. During his 11 year stint as CEO, he steered the company through the rough terrain of real estate to become one of the biggest real estate companies in Kenya.

According to an official statement from the company, Mr. Martin Githinji has been appointed the new CEO having served in the company for over 8 years spanning various departments and most recently being the Company’s Chief Commercial Officer. “Throughout his tenure, he has demonstrated commitment to serving you in your investment journey passionately & relentlessly. We have full confidence in Martin’s ability to lead us into the next chapter of growth and success.”, the statement reads in part.

Previously, the new AMG Realtors CEO Martin Githinji is a former communications consultant at Bayer Kenya and formerly worked as an associate editor at the Kenya News Agency Cooperative Limited. He got his bachelor’s in Commerce from the KCA University and had done Broadcast Journalism at the Kenya Institute of Mass Communication (KIMC).

Meanwhile, Mr. Andrew Muthee Gitau becomes the company’s Executive Director providing insights and overal leadership to the Board of Directors and the company.

VALUABLE BRANDS PERSON OF THE YEAR IN KENYA 2023

When it comes to our inaugural Person of the Year, entrepreneurship is not just about numbers that translate on the balance sheets and financial statements. It is about numbers that translate to transforming lives, creating social change and inspiring a generation that believes in hardwork, strategy and most importantly, confronting the status quo.

It is about constantly questioning the way things have always been done and finding ways to fastrack growth by leveraging opportunities that come along the course of building a brand. For instance, must building a successful brand and company take a decade? Is it always about having experience that sets true entrepreneurs apart from the wannabes? Can one not only achieve corporate success but still use the chance to improve the lives of the people around them? And the cardinal of all, what differentiates the true brand leaders from their peers?

For the 2023 period, we focused on the wider real estate sector CEOs and Founders and how they have impacted the sector through the many programs and projects undertaken in the year under review. Based on this, our team shortlisted THREE incredible individuals whose contributions were so immense that they actually contributed a hugh chunk of the number of projects in the market.

These amazing founders include Dr George Wachiuri who not only leads one of the most resilient property companies – Optiven Ltd – having clocked 24 years in operation last year but also invests heavily in business mentorship programs We also congratulate him on his recent conferment of two honorary doctorate degrees. Dr. Wachiuri has built a reputable brand that not only believes in profits but in lowering a helping hand to uplift the economy as well.

The other key personality is Mr. Mwenda Thuranira, the CEO of Myspace Properties who has worked tirelessly to not only introduce but see to it that the strip mall concept became a reality in Kenya. He successfully delivered the Mytown Karen Mall with the Nyali and Kisii Town Malls set to open soon. Mr. Thuranira has also invested heavily in the Isiolo community through supporting educational programs through his Mwenda Thuranira Foundation.

Finally, there is Mr. Peter Nyaga, the Founder and Managing Director of Certified Homes Limited. A man under whose leadership the company has experienced an exponential growth and with it, turned many customers into investors, influencers into brand ambassadors, given a beam of hope unto the vulnerable and ensuring sustainability while at it. This is why we celebrate Peter Nyaga as the inaugural Valuable Brands Person Of The Year 2023.

Peter Nyaga’s Background

Mr. Nyaga got introduced to adversity at a very young age when his mother passed on while he was still in Primary school and had to be sent to a boarding school – which posed many challenges in raising school fees and for high school, he almost missed his admission due to reporting a whole two months late! This kind of upbringing would definitely make one start thinking outside the box. The one thing that most likely pushed him into business from that early age from selling sweets and biscuits to classmates in high school to eventually establishing his own real estate firm many years later. A decision that would pay off in millions. Literally. Academically, Mr. Nyaga holds a Bachelor’s Degree in Purchase and Supply Chain Management from the Presbyterian University of East Africa.

As you would expect it, it was never a perfect meteoric rise to wealth void of missteps and encountering a number of challenges. The humble upbringing taught him humility and simplicity that would later enable him to easily dine with kings and the commonfolk and treat everyone with dignity. Another humbling experience occurred during the 2017 general elections in which he unsuccessfully vied for an MCA Seat in Tharaka Nithi County. Besides these two, Peter Nyaga would find himself in deep debts when he indulged himself into the luxury life of the city on making his first million! A time that would clearly transform his life philosophy and with it, choosing it pursue something bigger than himself. A purpose that would change how real estate is done in Kenya as we know it.

A story he vividly captures in his first book: Achieving Your Dreams.

Building The Certified Homes Brand

In what would be described as a master stroke of risk taking and ingenuity combined, He together with his team established the Certified Homes brand just as the Covid-19 pandemic was creating uncertainty across sectors and economies globally. Yet with the company’s target clientele being the diaspora community, tow things were likely to happen: Either the firm would rise above the challenges and march towards greatness or be strangled at its infancy by the disrupted value chains within which it operated. Interestingly, the company was able to launch successfully more than five land projects across the country in its first year!

Furthermore, he has delivered several projects with the main being KWITU Gardens Phase 1 comprising of 38 units and now on Phase 2 of 40 units. Meanwhile these are at various levels of completion: Sukari Heights awaiting handover in April 2024, the Diani Holiday Homes, KWITU Holidays Malindi, The Bliss Ruiru, Diani Beach Plots, Juja Executive among many others.

To be selected a person of the year by Valuable Brands, we place a huge emphasis on your brand building process. We seek to explore the various unique brand strategies and expansion plans responsible for getting your company at its current position in the market. Undoubtedly, the founding and growth of Certified Homes as a brand has achieved its place. We discovered some of the strategies as outlined below:

  • Use of Brand Ambassadors Globally – Building a brand around your target clientele is a must when pursuing brand excellence. Infact, trying to get as close to them as possible is an excellent way to achieve this. Mr. Nyaga understands this probably more than any other in the country with bringing onboard Brand Ambassadors from across the world. These Ambassadors not only act as representatives of the disapora clients within the firm’s community but also create an effective communication loop for new projects, investment opportunities and any upcoming plans by the company. Currently, the company has brand ambassadors in ALL States in the United States of America, United Kingdom, Scotland, all African Countries, all United Arab Emirates amongst many others. Locally, he works with a number of influencers such as Mama Baha, DJ GeeGee, Mchungaji, Moya David.
  • A unique brand name – The real estate sector is the one economic segment that is built and maintained by trust. And when it comes to branding as well, a name means more. This is something the person of the year got right by naming the firm Certified Homes. A brand that continually works on ensuring value for investors and insistence on dealing with properties with certified documents. Therefore making a commitment to their customers of doing their much needed due diligence on behalf of the investors.
  • Leveraging Brand Opportunities – The company has a keen eye for branding opportunities within and outside the country. Especially platforms that grow its brand awareness such as Coroporate events such as participating at the Kenya Homes Expo, The Realtors Expo, The Realty Expo by Nation Media; social events such as diaspora tours by musicians and even the Churchill Show.
  • A Culture that Celebrates Excellence – As the brand experts say, All you have to do is to take care of your employees and you will not have to worry about your customers. This is true of Peter Nyaga as he empowers his staff with appreciation tokens and even handing the best performing ones cars! This kind of incentives not only drive the team but also creates a culture that celebrates excellence.

Community Driven Philanthropy

As is the old saying, money does not really change people, it exposes who they are and Peter Nyaga chooses to take this to heart with the several community programs supported by his company. For instance, he has always opted to celebrate his birthdays with the vulnerable kids in the Children’s Homes by marshalling friends and colleagues to promote them. Further to this, Certified Homes currently sponsors over 20 students across the country in notable schools such as Meru School and Mary Leakey Girls. Unlike many scholarship schemes, the company offers full support ranging from the school fees, uniforms, pocket money etc to ensure the total peace of mind and concentration to studies.

The biggest milestone being a student, Simon Gathanga who successfully finished at Kagumo High School and now pursuing Acturial Science at the famed Jomo Kenyatta University of Science and Technology (JKUAT). Read the story by TUKO.CO.KE here.

Peter Nyaga receives Simon Gathanga at his office

Special Interest Groups Support

In conclusion, empowerment is no longer just about giving. Empowerment is now embodied in creating sustainability to ensure dignity is maintained and self sufficiency as well. Mr. Peter Nyaga does this by offering seed capital to the various widows and People with disabilities that the firm supports. The supported groups are assisted to start tailoring businesses, farming and easy to run projects.

PERSON OF THE YEAR 2023: PETER NYAGA

We therefore present to you our inaugural Person of the Year Recognition : Mr. Peter Nyaga, the founder and Managing Director of Certified Homes Ltd. Valuable Brands Kenya says congratulations.