Kidero's real estate empire is among assets that have most recently been targeted by EACC. He primarily trades through five companies — Gem Investments, Gem Apartments, Gem Suites, Orro Limited and Argenti Limited — but also personally owns hundreds of acres of land, with various estimates placing his net worth at Ksh9 billion.
Mbaru's Dyer & Blair has been the lead adviser for many of the biggest transactions in the region, including Safaricom's USD 840 million IPO in 2008, the acquisition of a 24.99% stake in Equity Bank Group for USD 179 Million by private equity firm Investment Partners, the first IPO on the Rwanda Stock Exchange with Bralirwa and the NIC Insurance Uganda IPO which was the first listing of an insurance company at the Uganda Stock Exchange.
The DP acknowledged the pivotal role played by the diaspora in boosting the country’s economy through remittances, philanthropy and other local development projects. He reminded them that he has a robust agenda to ensure that their aspirations and predicaments are addressed when he takes power in 2022.
The High Court has ruled that the office of Chief Administrative Secretary (CAS), which forms part of the Government of Kenya's Cabinet, was established in contravention of the constitution and law. The ruling by High Court Judge Anthony Mrima deals a heavy blow to President Uhuru Kenyatta's administration and political structure crafted largely to reward his loyalists who had lost in the 2017 general elections. In the verdict delivered on a case a case filed by activist Okiya Omtata, Mrima decreed that the positions were unconstitutional for lack of public participation and inclusion of, among other agencies, the Salaries and Remuneration Commission.
Garissa Governor Ali Korane expressed his earnest willingness to support him as he starts to execute his mandate to represent Garissa at the Senate and to protect the interests of the counties as envisaged in Art. 96 CoK.
He previously served as Acting Commissioner General of the Tanzania Revenue Authority (TRA); Executive Secretary in the President’s Office (Planning Commission); Deputy Permanent Secretary at the Ministry of Finance and Economic Affairs as well as Personal Assistant to the President (Economic Affairs).
The by-election was defined by low vote turnout for a better part of the day. The poll stations and officials remained idle with most polling stations reporting a turnout of less than 15% by 1pm.
ANC party leader Musalia Mudavadi, eulogized Magufuli and wished the Tanzania Constitution guides Tanzania through a smooth transition as they celebrate his legacy anchored on the war against corruption and strengthening of the economy.