Kenyan Tycoon Narendra Raval Appointed Chancellor Of Egerton University by Forbes – Entrepreneurs

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Narendra Raval with President Uhuru KenyattaNarendra Raval with President Uhuru Kenyatta

Kenyan President Uhuru Kenyatta has appointed multi-millionaire businessman Narendra Raval as the Chancellor of Egerton University, one of the country’s oldest and most reputable tertiary institutions.

Raval, who is one of Kenya’s most successful businessmen and philanthropists, will take over from the current Chancellor, Professor Shem Oyoo Wadiga, following the announcement in the Kenya Gazette of February 22.

The tycoon joins an exclusive club of prominent Kenyan business leaders who have been appointed by President Kenyatta to head Government-owned universities in the recent past. They include steel and aluminum magnate Manu Chandaria (Chancellor of Technical University of Kenya), Equity Bank CEO James Mwangi (Chancellor Meru University), and logistics tycoon Peter Muthoka (Chancellor Masinde Muliro University of Science and Technology).

Within the Kenyan context, the University Chancellor plays a ceremonial role for the most part. He is the titular head of the institution. In the name of the University, he can confer degrees and grants diplomas, certificates and other awards of the University. He occasionally makes visitations to the University and acts as an advisor to the University council.

Raval, who is popularly referred to as ‘Guru’ in Kenyan business and social circles, is the founder of Devki Group, a company with annual revenues of more than $600 million. The company produces steel products, roofing sheets and cement among other things.

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March 11, 2019 at 03:37AM
Forbes – Entrepreneurs