Lizzie Wanyoike, the founder of the iconic Nairobi Institute of Business Studies (NIBS), has passed away.

A family member confirmed to the press that Wanyoike, who is also the founder of the Emory Hotel and Lizzie Preparatory Schools, died on Sunday. She was aged 72 years.

A source close to the family told the press that Wanyoike had battled an illness since last year.

"In loving memory of a remarkable educator. Her passion ignited minds, her kindness touched hearts. A beacon of wisdom, she left an indelible mark on countless lives, shaping futures with grace," read her eulogy.

Plans for her funeral and burial are currently underway.

Former Inooro TV News anchor Winrose Wangui condoled with Wanyoike's family noting that her death was 'very devastating.'

Wanyoike was born in 1951 November to her father, a chief, and her mother, a housewife. She attended Kenyatta University where she graduated with a Diploma in Education.

Later, Wanyoike founded a school of her own where she opened the Temple College of Secretarial Studies in Nairobi.

Shortly after divorce, she started her own college using her savings in her quest to mentor young girls and ensure that they got an education.

At the time, her savings were Ksh6 million and she complemented the fortune with a loan of Ksh4 million.

When NIBS opened its doors, it had 25 students who have since expanded to over 6,000. It has branches in Ongata Rongai, Thika Town, Nairobi Central Business District and Ruiru-Kimbo, along Thika Highway.