Kenyan businessman and political activist Morara Kebaso has finally addressed speculation about his financial success, revealing in a recent interview that his net worth exceeds KSh 100 million.

Despite his wealth, Morara insists he no longer actively seeks business deals, preferring to let opportunities come to him.

Multiple Streams of Income

Morara attributes his success to diverse investments, including carpentry, his fashion brand Luku Fashion, and a real estate business that repurposes shipping containers into workspaces.

He also emphasized that financial success in Kenya is possible without engaging in corruption, comparing Kenya’s economic landscape to struggling nations like Zimbabwe and conflict zones such as Syria and Gaza.

Additionally, Morara highlighted the benefits of marriage, stating that men can save up to three times more when working alongside their spouses.

Public Fundraising and Criticism

Despite his financial standing, Morara’s fundraising efforts have sparked controversy, with some Kenyans questioning why he continues to seek public donations.

In response, he defended his initiatives, arguing that public causes should be funded by the public. He dismissed claims that he was soliciting funds for personal use, insisting that his wealth does not exempt him from engaging the public in meaningful causes.

KRA Tax Investigation and Allegations

In January 2025, Morara’s financial dealings came under scrutiny when the Kenya Revenue Authority (KRA) allegedly launched an investigation into his businesses for tax evasion, claiming his companies owed KSh 27 million in unpaid taxes.

Morara dismissed the allegations, accusing the government of targeting him due to his outspoken stance against corruption.

“This is a clear attempt to silence me and force me to work with corrupt leaders,” he stated, maintaining that he has always complied with tax regulations.

KRA's investigation reportedly revealed that Morara’s businesses—including Morara Home Furniture, Luku Fashion, Morara Properties Limited, and Backtent Security Limited—had undeclared income, with transactions totaling KSh 186.3 million over three years.

The tax agency claimed Morara Home Furniture accounted for 80% of this revenue and should have been registered for Value Added Tax (VAT). They estimated he owed KSh 25.7 million in VAT and KSh 1.4 million in income tax.

Morara, however, denied links to Igrow Digital Enterprise, another company under investigation, clarifying that it was a dormant business started with university classmates in 2014 for a dog-breeding venture that never materialized.

KRA has since summoned Morara to provide financial records, including bank statements and invoices, and to appear at their Nairobi offices for questioning.