The war on corruption in Kenya has in recent times stepped up with the inclusion of the both the Private and public sector. In recent times, the government set up a task force that includes members of the government such as the Attorney General and members of the Kenya Private sector, media and religious bodies. Some of the recommendations made by the body saw the reconstitution of the Cabinet.
In a bid to stem out the vice, Safaricom CEO Bob Collymore and KCB Bank CEO Joshua Oigara recently stated they will declare their wealth in public. KCB is the largest bank in East Africa in terms of assets with Safaricom the largest company in East & Central Africa in terms of profitability and market capitalization.
Bob Collymore has now declared his wealth, stating that he has earned $1,073,000 which translates to around Kshs. 109 Million in the last one year. The CEO further declared his assets to the public which, included a residential house in London valued at Kshs. 50 Million. Other assets include Cash balances in local and UK banks, shares in Safaricom and Vodafone which totaled to Kshs. 200 Million. This puts the CEO’s net worth at Kshs. 300 Million.