Nairobi County chief officer Patrick Analo Akivaga was on Thursday busted by detectives from the Ethics and Anti-Corruption Commission (EACC) with millions of cash at his home.

Analo was busted with Sh65.3 million at his residence in Syokimau, Machakos County.

According to the EACC, the money was in batches of Sh51,300,000 and USD130,000 (equivalent to Sh14,605,250). The money was all hidden in the boot of Analo’s vehicle.

“Our operation yielded valuable evidentiary material to support thre ongoin g investigations, including Sh51,300,000 and 113,000 US Dollars (approximately 14,000,000), totaling Sh65,300,000 recovered at his residence in Syokimau within Machakos County and in his motor vehicle’s boot,” the EACC stated.

At the same time, the EACC detectives recovered  several title deeds, motor vehicle log books, laptops, land and motor vehicle sale agreements, electronic devices including mobile phones and iPads, documents and approval plans from the County Government of Nairobi.

According to the EACC, the raid on Analo’s residence was part of ongoing investigations into allegations of conflict of interest, abuse of office, bribery, and possession of unexplained assets involving the senior Nairobi county official.

“The Commission is investigating allegations of conflict of interest, abuse of office, bribery, and possession of unexplained assets against Mr. Patrick Analo Akivaga. It is alleged that Mr. Akivaga receives millions of shillings in cash and M-Pesa deposits,” the EACC said in a statement.

The EACC added that Analo is being alleged to have accumulated immense assets that are disproportionate to his known legitimate sources of income.

According to the Salaries and Remuneration Commission (SRC), County Chief Officers in Job Group S/T are entitled to a gross salary ranging from Sh217,070 to Sh283,010 per month.

According to the anti-corruption commission, Analo had allegedly received over Sh170 million through numerous suspicious cash and M-Pesa deposits between the 2019/2020 and 2025/2026 financial years.

“Upon conclusion of the investigations, the findings will inform appropriate action, including prosecution and the recovery of unexplained wealth and proceeds of corruption,” the EACC stated.

Read More: Kenyatta family, Ndegwa family to pocket Sh21.9 billion in mega deal

Patrick Analo currently serves under Nairobi Governor Johnson Sakaja as the Chief Officer for Urban Development and Planning.

This department is considered one of the most influential departments in the County of  Nairobi. It handles development approvals, planning permissions, change-of-user applications, and enforcement of urban planning regulations across Kenya’s capital city.

Analo was nominated for the position by Sakaja in 2022. He was among two others whose names were presented to the County Assembly of Nairobi for consideration. He was approved by the Members of the County Assembly.

Months later in 2023, Analo was appointed by Sakaja as the County’s Secretary after Members of County Assembly (MCAs) rejected Mr Jairus Musumba.

This appointment meant that Analo would be tasked with co-ordinating the business of the County Executive Committee and keeping its minutes, subject to the committee’s directions. This appointment was however stopped by the High Court of Kenya.

Analo had previously, worked under former Nairobi Governor Mike Sonko and Ann Kananu as the Deputy Director for Urban Development and Planning, a role in which he led in planning and development functions within the city administration.

He holds a Master’s degree in urban management from the University of Nairobi, which he pursued between 2009 and 2011.

At the same time, Analo holds certifications from the United Nations Institute for Training and Research, Makerere University, and Maseno University.

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The cash findings by the EACC left Kenyans in shock, with many wondering how such an amount could be accumulated by a single individual at a time when the country’s economy is on a downward spiral.

The prominent Kenyatta family and the family of former Central Bank of Kenya Governor Philip Ndegwa are set to receive up to Sh21.9 billion from a trading deal involving the sale of NCBA Group to South Africa’s Nedbank Group.

In the deal, the Kenyatta family and the Ndegwa family have agreed to sell 66 percent of their NCBA shares to Nedbank. They will also receive some 10.14 million stocks in Nedbank in exchange for the shares they sell which have an estimated combined worth of around Sh20.6 billion. This will bring the total amount they pocket from the deal to Sh21.9 billion.

In the deal, 80 percent of the NCBA shares that are acquired will be converted to Nedbank stock. This stock is listed at the Johannesburg Stock Exchange. This will be done at a rate of 4.02994 shares for every 100 NCBA shares. The remaining 20 percent of the shares shall be bought in cash at a rate of 2,100 for every 100 shares. This will equal to about Sh21 per NCBA share.

This means that the Ndegwa family’s 129.97 million shares will be converted into 5.24 million Nedbank shares which shall be valued at Sh10.65 billion. The family will then get a cash payment of Sh682.34 million.

The Kenyatta family shall receive Sh602.9 million in cash while their 143.54 million shares shall be converted to 4.63 million Nedbank shares with a value of Sh9.4 billion. Former president Uhuru’s brother Muhoho Kenyatta who holds NCBA shares shall receive 271,383 Nedbank shares worth Sh551.6 million and Sh35.4 million in cash.

At the same time, the two families have told Nedbank that they will put their total shareholding in NCBA Group up for sale to the South African lender should other shareholders fail to accept the cash-and-stock deal that is being offered by Nedbank.

“Nebank has obtained irrevocable undertakings from the designated shareholders to accept the offer in respect of their pro-rata entitlement (and, where applicable, to participate in excess applications) and confirms that all irrevocable undertakings have been signed,” the South African lender stated.

In this cash-and-stock deal, Nedbank will acquire 66 percent of NCBA Group for an estimated Sh109.6 billion. The remaining 34 percent shall continue to trade publicly at the Nairobi Securities Exchange. In this transaction, only NCBA shareholders with more than 7,520 shares or more have been offered the deal.

After the deal is completed, the Kenyatta family will be left with 73.94 million shares worth about Sh6.5 billion while the Ndegwa family will be left with 83.69 million shares worth about Sh7.4 billion.

The Kenyatta family currently has a shareholding stake of 13.2 percent in NCBA through the family’s investment vehicle which is known as Enke Investments. It is ranked second after the Ndegwa family. The Ndegwas have a 14.94 percent shareholding stake in the banking group through the family’s investment vehicle which is known as First Chartered Securities.

In May this year, it was revealed that former president Uhuru’s brother Muhoho Kenyatta holds a stake in the NCBA Group that is worth an estimated Sh20 billion.

Muhoho holds these shares directly and indirectly through investment vehicles. This disclosure comes barely five months after he was named as the new non-executive director at the board of the NCBA Group. He assumed his new position starting from December 1, 2025.

Uhuru’s brother Muhoho owns Sh20 billion stake in NCBA Group

When he announced Muhoho’s appointment, NCBA Group Managing Director and Chief Executive Officer John Gachora described him as an accomplished business executive with over 35 years of experience in leading and developing businesses across East Africa, spanning diverse sectors including manufacturing, healthcare, insurance, and banking.

“Mr Kenyatta has previously served as Deputy Chairman of one of the predecessor institutions of NCBA between 2000 and 2019, and as a director of NCBA Bank Uganda. He continues to support the Group’s growth in its digital strategy as a member of the Board of LOOP DFS Limited, a wholly owned subsidiary of NCBA Group PLC,” said Mr. Gachora.

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The cereals business remains one of the most lucrative agribusiness ventures in Kenya, particularly in regions with strong agricultural production.

By connecting farmers to reliable markets and ensuring a steady supply of staple grains to consumers, traders play a critical role in the food value chain while creating sustainable income streams for themselves.

For 39-year-old Jane Chebet from Songhor Soba Ward in Tinderet Sub-County, Nandi County, the cereal business has transformed her life.

What began as a small venture financed through a Sh5,000 loan has grown into a flourishing enterprise generating a monthly turnover of over Sh800,000.

Chebet’s entrepreneurial journey started 15 years ago when she borrowed Sh5,000 from a local women’s table banking group.

With the funds, she began purchasing small quantities of maize and beans from farmers before reselling them in local markets. Although the earnings were initially modest and barely sufficient to support her household, she soon recognized the vast potential within the grain trade.

“I saw that farmers struggled to find reliable buyers, while traders in towns needed consistent supply. I decided to bridge that gap,” she told KNA.

Driven by determination and prudent financial management, Chebet steadily expanded the business. Through continuous savings and reinvestment of profits, she grew her working capital to Sh50,000 within three years.

She also broadened her network of farmers, embraced bulk purchasing during harvest seasons, and invested in simple storage facilities to minimize post-harvest losses.

Today, her business handles between 20 and 25 tonnes of cereals every month, including maize, beans, finger millet and sorghum. During peak harvesting periods, volumes can exceed 40 tonnes.

With maize selling at an average of Sh4,000 per 90-kilogram bag and beans fetching up to Sh8,000 per bag, the enterprise’s monthly turnover ranges between Sh800,000 and Sh1,000,000 depending on market conditions.

Over the years, her customer base has expanded significantly. From serving individual consumers in local markets, she now supplies schools, small-scale millers and traders in towns such as Kapsabet, Nandi Hills and Eldoret.

The adoption of mobile money platforms has further enhanced the efficiency and security of her transactions.

The growth of the business has also created employment opportunities within the community. Chebet employs five permanent staff members responsible for sorting, drying, packaging and record-keeping, in addition to hiring casual labourers during busy seasons.

Many of the beneficiaries are young people from the area who previously struggled to secure stable jobs.

“Giving jobs to the youth is something I take seriously because I was once in a position where I had no income at all,” she says.

Beyond creating jobs, her enterprise has become an important market outlet for local farmers. By purchasing produce directly from growers at fair prices, she helps shield them from exploitation by middlemen who often take advantage of oversupply during harvest periods.

Her rise in business was not without obstacles. In the early stages, she encountered skepticism from some members of the community who perceived large-scale trading as an activity reserved for men.

Access to financing also proved difficult, with many financial institutions requiring collateral that she did not possess.

Rather than give up, Chebet relied on women’s savings groups to raise capital while gradually building a credible financial record.

Her persistence paid off in 2018 when she secured her first formal bank loan worth Sh300,000. The funds enabled her to construct a storage facility with a capacity of 100 tonnes, significantly reducing losses caused by pests and moisture while improving profitability.

The proceeds from the business have enabled her to educate her four children, improve her family’s living standards and diversify into dairy farming.

She has also emerged as a mentor within her community, having trained more than 25 women on cereal aggregation, storage practices and basic financial management.

To cushion her business against fluctuating grain prices, Chebet has ventured into value addition by milling and packaging branded flour for retail markets. The move has helped increase profit margins while opening up new market opportunities.

Looking to the future, she plans to expand further by investing in a larger warehouse and modern grain-drying equipment. She is also working towards establishing a cooperative society that will unite farmers and traders, strengthen their bargaining power and improve access to markets.

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