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𝐒𝐄𝐍𝐀𝐓𝐎𝐑𝐒 𝐐𝐔𝐄𝐑𝐘 𝐓𝐇𝐄 𝐂𝐄𝐎 𝐎𝐅 𝐂𝐌𝐀 𝐎𝐍 𝐓𝐇𝐄 𝐀𝐋𝐋𝐄𝐆𝐄𝐃 𝐅𝐑𝐀𝐔𝐃𝐔𝐋𝐄𝐍𝐓 𝐀𝐂𝐐𝐔𝐈𝐒𝐈𝐓𝐈𝐎𝐍 𝐎𝐅 𝐒𝐇𝐀𝐑𝐄𝐇𝐎𝐋𝐃𝐈𝐍𝐆 𝐀𝐓 𝐓𝐇𝐄 𝐄𝐀𝐒𝐓 𝐀𝐅𝐑𝐈𝐂𝐀𝐍 𝐁𝐑𝐄𝐖𝐄𝐑𝐈𝐄𝐒 𝐋𝐓𝐃

The Senate Standing Committee on Trade, Industrialization and Tourism held a meeting today with a team from the Capital Markets Authority (CMA) led by the CEO, FCPA Wyckliff Shamiah to consider a Petition by Mr. Rono Nicholas on the alleged fraudulent acquisition of shareholding at the East African Breweries Limited. 

The Petitioner had prayed that the Committee investigates the matter with a view to recommending amendments to the Capital Markets Authority (CMA) Act to cushion the shareholders from such future manipulation.

“𝐘𝐎𝐔 𝐌𝐔𝐒𝐓 𝐅𝐎𝐋𝐋𝐎𝐖 𝐓𝐇𝐄 𝐏𝐑𝐎𝐂𝐔𝐑𝐄𝐌𝐄𝐍𝐓 𝐏𝐑𝐎𝐂𝐄𝐒𝐒 𝐓𝐎 𝐓𝐇𝐄 𝐋𝐄𝐓𝐓𝐄𝐑 𝐈𝐍 𝐀𝐂𝐂𝐎𝐑𝐃𝐀𝐍𝐂𝐄 𝐖𝐈𝐓𝐇 𝐓𝐇𝐄 𝐏𝐔𝐁𝐋𝐈𝐂 𝐅𝐈𝐍𝐀𝐍𝐂𝐄 𝐌𝐀𝐍𝐀𝐆𝐄𝐌𝐄𝐍𝐓 𝐀𝐂𝐓,” 𝐂𝐏𝐀𝐂 𝐂𝐎𝐌𝐌𝐈𝐓𝐓𝐄𝐄 𝐓𝐄𝐋𝐋𝐒 𝐋𝐀𝐈𝐊𝐈𝐏𝐈𝐀

The County Public Accounts Committee, led by Homa Bay Senator Moses Kajwang’, has today directed the County Assembly of Laikipia to follow the procurement process to the letter when awarding tenders to suppliers.  

This comes after the Auditor General informed the Committee that the County Assembly of Laikipia made two payments amounting to Kshs1.4 million to two hotels for conference facilities for Members of the County Assembly and staff, despite them not being among the prequalified suppliers of the assembly during the Financial Year under review. 

𝐂𝐏𝐀𝐂 𝐂𝐎𝐍𝐃𝐔𝐂𝐓𝐒 𝐊𝐄𝐑𝐈𝐂𝐇𝐎 𝐂𝐎𝐔𝐍𝐓𝐘 𝐀𝐒𝐒𝐄𝐌𝐁𝐋𝐘'𝐒 𝐅𝐈𝐒𝐂𝐀𝐋 𝐂𝐇𝐄𝐂𝐊-𝐔𝐏

Under the chairmanship of Homabay Senator Moses Kajwang, the Senate Committee on County Public Accounts (CPAC) convened with the County Assembly of Kericho today. The agenda of the meeting was to scrutinise the Auditor General's report, detailing the Financial Statements for the Fiscal Year of 2019/2020.

During the discussions, a series of significant resolutions were agreed upon.

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