Macadamia tycoons in auctioneers’ crosshairs

Billionaire businessman Peter Munga (right) and former Thika Town MP Patrick Wainaina own macadamia processing companies.

Photo credit: File | Nation Media Group

Auctioneers have recently been knocking on the doors of billionaire businessman Peter Munga and former Thika Town MP Patrick Wainaina, chasing unpaid loans linked to their macadamia processing companies.

Mr Munga, who is better known as the founder of Equity Group, is the majority owner of Maragua-based Equatorial Nut Processors, which he started in 1994. Mr Wainaina, popularly known as ‘Jungle” owns Jungle Macs EPZ, a Thika-based processing firm that also produces avocado oil.

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