Home Authors Posts by MARTIN SIELE
Kenya Power's Board of Directors appointed Bernard Ngugi as MD and CEO in October 2019, after key management figures were embroiled in corruption scandals.
Shah had attached a number of his personal properties to secure credit lines for Nakumatt. Offered as security in 2011, the Lavington home accounted for Ksh25 million of the loans worth billions of shillings.
Launched in 2009, the platform has over 9 million subscribers and allows Safaricom customers to set songs or customized messages to be played instead of standard call-waiting tones.
Painting Munga as an uncompromising businessman, the commission concluded: "Peter Munga was a business tycoon and all the Mauritian professionals involved put together were no match for him singly alone. He was able to dictate both time and terms, price and party."
He is the son of Professor Richard Musangi, a scholar who became the pioneer Vice-Chancellor of Egerton University in 1987, and was in 2013 appointed Chancellor of Kabianga University by former President Mwai Kibaki.
In speech after speech, the leaders allied to President Uhuru Kenyatta just fell short of endorsing Munya as the best placed leader to take over the mantle of leading a populous, fractured region as the 2022 General Elections draw closer.
Notably, Two Rivers Development Ltd. (TRDL) in which Centum holds a 58% stake posted a whopping Ksh1.9 billion loss for the year. Two Rivers is a mixed-use development known for its lifestyle offerings including the Two Rivers mall, apartments and recreational spaces.
Galot denied a total of 18 counts of omitting key information from tax returns including production volumes and sales amounts, and failure to pay Ksh1.4 billion in taxes.