Popular media mogul, Myke Rabbar, who has prominently featured on KCB Lions Den, aired by KTN, has called it quits after three straight seasons.
In a sit-down with The Standard, the billionaire explained that he had to exit so that he can concentrate on the upcoming IAAF U20 World Championships, which he will be involved in.
He further explained that Kenya successfully bid to host the event which is coming to Africa for the first time.
“I am the chief executive officer of the whole event and this means putting structures in place so that the company can run itself without my presence.
“I’ve always wanted to do something like this and when I saw the last event, the U18 World Championships, I said I have to be a part of that. I applied for the position because I knew what we’d add to it and what it means to the country and got shortlisted,” stated the wealthy.
“I’m meeting 180 ambassadors in the next few weeks, sending the event to countries all over the world so that they can be part of this activity, so it’s very vast. It’s actually adopting everything I’ve done in the past plus more,” he added.
Rabbar is famed for his vast investments including nurturing an independent and profitable media house, Homeboyz, from scratch to multi-national status.
So distinct is the media house that it made an entry in the animation industry with TingaTinga Tales, which was later sold to US media conglomerate, Disney.
People even liken the media house to Walt Disney and Vivendi, the latter which has an income of Ksh100 billion.
In Kenya, the mogul’s achievements still shine as he sits on the boards of Safaricom/TingaTinga Foundation, Vision 2030 committee, the Kenya Rugby Football Union; Homeboyz Radio and Homeboyz Group of Companies among others.
In 2012, Rabbar received the prestigious Head of State Commendation for his outstanding services rendered to the nation in promoting youth in sport and entertainment.
During the first season of KCB Lions Den, Rabar was reportedly the highest investor of all the lions in that den, spending a total of Ksh51.7 million.
Left in the den are investors Kris Senanu, Olive Gachara, Darshan Chandaria and Joanne Mwangi.
