Businessman
Biwott leads an active business life and is regarded as one of Kenya's most successful entrepreneurs.
As a teenager in the late 1950s Biwott worked alongside his father who had established a successful fruit and vegetable business in Eldoret. The young Biwott also borrowed small amounts of money from a local bank with which to expand his own business sideline selling meat products and eggs. Nicholas Biwott continued to expand his own business and in the late 1960s formed ABC Foods selling food and animal feed products.
Within a few years Nicholas Biwott was able to invest in farms and businesses, taking advantage of the post-independence banking policies at the time by which Kenyans were granted loans on favourable terms. In 1969, aged 29, Biwott purchased the Eldoret Town International Harvester (IH) dealership (now FMD trading as Lima Ltd). He also purchased a dairy farm in the same year, started an importer exporter business in 1972, purchased two wheat farms in 1974, invested in the sole agency for IH in Kenya for agricultural tractors and implements in 1975, and purchased a local air operator in 1977 (now Air Kenya).
Biwott's business philosophy of purchasing small or failing businesses, investing and re-investing in them over many years, appears to have paid dividends. He is now regarded as one of Kenya's wealthiest businessmen.
Biwott's businesses in Kenya employ thousands of people and one company of which he is the major shareholder, has for many years been listed among Kenya's top 10 corporate taxpayers.
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