Thursday, November 30, 2023

President Ruto: The number of shares I own at Safaricom and Kenya Airways

 President William Ruto is a shareholder at Safaricom and Kenya Airways. This was revealed by the President Ruto early in 2022 when he was still the deputy president.

He was responding to a leakage on the number of properties he owns last year. According to the Ruto, he holds a stake at Safaricom amounting to 400,000 shares. At Kenya Airways, he owns 80,000 shares.

At the price of Sh. 36, his shares at Safaricom were worth Sh. 14 million. His stake at Kenya Airways was worth Sh. 306,000 at the current retail price of Sh. 3.83 per share.

Dr. Ruto further revealed that he rakes in Sh. 1.5 million from his chicken farming business. “They should have said that there are 200,000 chickens and I sell 150,000 eggs a day earning me Sh. 1.5 million,” said Ruto.

He added that much of what Matiang’i had revealed belongs to him but there were properties that he did not own, and which the Matiang’i had alleged he owned.

“Lifestyle audit had been done on me by newspapers saying that Ruto has this kind of wealth but now, those at the Office of President have decided to improve what had been done before by local dailies,” Dr. Ruto said. “They have tried conducting lifestyle audits, which is not bad but they should have continued with it on other leaders for things to be okay.”

Gideon Moi is most protected Kenyan after Uhuru, says top journalist

In a parliamentary committee session, Interior CS Fred Matiang’i had alleged that the as deputy president back then, he was the second most protected individual in Kenya. Matiang’i had said that cumulatively, Dr. Ruto was guarded by 257 officers at the time.

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