Kenyan Billionaire Who Owned Unga Millers, TSS Tower and Buses Before an KSh8 Billion Debt Crisis

Kenyan billionaire Tahir Sheikh Said, popularly known as TSS, built a business empire that expanded across several sectors, making him one of the notable business figures associated with Mombasa.

His business interests included a bus company, Unga Millers and the TSS Tower in Mombasa. These investments formed key parts of the business empire associated with the billionaire and reflected his presence across different sectors of the economy.

TSS’s transport business became one of the recognisable parts of his empire, while his involvement with Unga Millers further expanded his interests into the milling industry.

The TSS Tower in Mombasa was another major asset linked to the businessman and became part of the portfolio that helped establish his reputation as a prominent investor.

However, the business empire later faced a major financial challenge after various banks called in loans owed by businesses associated with TSS.

The loans called in by the banks amounted to more than KSh8 billion, turning the debt crisis into a significant challenge for the business interests built by the billionaire over the years.

The financial difficulties came after TSS had established businesses and assets spanning transport, milling and property, with the bus business, Unga Millers and TSS Tower among the notable interests associated with his empire.

The KSh8 billion-plus debt crisis therefore marked a difficult period for a business empire that had grown across multiple sectors and established a strong presence in Kenya’s commercial landscape.

Meek_Feeds feedback-opera-news-app@opera.com