Mr John Ngumi is not your typical celebrity entrepreneur of financial expert. He is often a laidback corporate number cruncher who was shoved into the limelight through political appointments during the President Uhuru Kenyatta regime.
It is understood that the story of the scandal, in which the government paid Ksh6.09 billion few days to the 9th August 2022 general elections, ran afoul a section of the senior Nation Media leadership.
The National Assembly Joint Committees on Finance and National Planning and Communication, Information and Innovation have continued the ongoing investigations into the 100% shares Buyback of Telkom Kenya Limited by the Government of Kenya. In a session chaired by Kuria Kimani (Chair, Finance Committee), the...
Mr Peter Ndegwa himself appears unfazed, confident that his work so far will earn him another term at Kenya’s most profitable company.
The government holds a 35% stake in Safaricom, the region's largest and most profitable company. Ngumi, a seasoned investment banker who has sat on the boards of numerous public and private corporations, including the Industrial and Commercial Development Corporation (ICDC) as chair, has seldom been seen at key Safaricom events including the Ethiopia launches over the past year, fueling speculation that he was on his way out.