Authoritative financial communications media house the Financial Times of London, has named a leading Kenyan businessman Atul Shah as one of the top 50 emerging market business leaders.

Currently serving as the Nakumatt Holdings Managing Director, Shah, has been named alongside 49 other business leaders from the BRIC countries including Brazil, Russia, India and China – and other emerging market economies.

In a survey published last Friday, on its In Depth features section, and aptly titled as: 50 emerging market business leaders, the Financial Times named Shah alongside Equity Bank CEO James Mwangi as some of the top 50 emerging markets business leaders.

Both Shah and Mwangi were the only Kenyan business leaders who hit FT’s survey top ranks in a survey that features of the world’s business big hitters.

From across Africa, Shah made it to the FT’s selection alongside Nigeria’s leading Industrialist Aliko Dangote, South Africa’s business magnate Cyrille Ramaphosa among others.

While welcoming the survey results, Shah described the recognition by the Financial Times as a vote of confidence for the East African economies and pledged to further play a key role in deepening the regional retail market scene.

"I am extremely honoured and feel privileged to feature in the Financial Times Top 50 list which in a big way encourages me to step up Nakumatt’s market presence in East Africa,” Shah said.

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