Pioneer indigenous banker Mugo Mungai dies

Mugo Mungai

 Mugo Mungai, Founder of Capital Finance Limited and Pioneer Building Society. FILE PHOTO | NMG

Mugo Mungai, the pioneer indigenous banker who inspired many other Kenyan entrepreneurs, is dead.

Mungai, 81, died while still fighting to recover his two banks and assets worth billions of shillings that the State seized during former President Daniel Moi’s Kanu regime.

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