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.

Under the stewardship of Homabay Senator Moses Kajwang, the Senate Committee on County Public Accounts (CPAC) held a meeting with the County Assembly of Kakamega to closely examine the Auditor General's report on the 2019/2020 financial statements for the County Assembly of Kakamega.

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. 

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.