Pius Ngugi Mbugua, is a Kenyan entrepreneur and one of the country’s wealthiest persons. Ngugi is the owner of the , arguably East Africa’s largest nut processing company and one of the world’s largest exporters of macadamia and cashew nuts. Kenya Nut Company is renowned for its ‘Out Of Africa’ brand of Cashews, macadamia nuts, chocolates and teas. The company recorded $60 million in revenue in 2016. Ngugi is also the owner of coffee producer .
Early life of Pius Ngugi
Ngugi was born in Kiambu County.on 8 March 1944. He is married to Josephine Wambui Ngugi and Esther M Passaris, together they have four children; Angeline, Mbugua, Louise, Makenna and Miki.
Pius Ngugi in Business
Ngugi owns Thika Coffee Mills and the Kenya Nut Company. He is a shareholder in Kenya Alliance Insurance. His other interests include sweet manufacturing, dairy farming, winery and Amazon Motors.
Thika Coffee Mills
Thika Coffee Mills is a major private coffee miller in Kenya.
Kenya Nut Company
Kenya Nut Company was founded in 1974 and has 2,500 employees. It is a major player in the global macadamia nuts market. In 2006, Kenya earned Kshs 2.3 billion (equivalent to US$33 million then) from macadamia nut exports. Kenya Nut Company is the main exporter of macadamia nuts from Kenya.
Ngugi is a shareholder in the Tatu City project where partners include Renaissance Capital co-founder and millionaire Stephen Jennings. Tatu City, a 2,500 acre (1,000 ha) live-work-play development 18 kilometers outside central Nairobi, is expected to be one of the largest real estate projects in Kenya’s history and home to 100,000 residents.