The ownership of Sanlam General Insurance Ltd which has been caught up in the Sh21 billion Arrow and Kamwerer dams scandal in Elgeyo Marakwet has been revealed.
According to registrar of Companies,Sanlam is owned by the families of former Cabinet Ministers late John Michuki and Simeon Nyachae
Listed among the Directors of Sanlam are Dr John Nyangeri Simba,Susan Mudhune and Rohan Patel
Contrary to the Media report, Deputy President William Ruto’s Chief of Staff Mr Ken Osinde is not among the Directors of Sanlam.
Mr Osinde who was appointed to the Deputy President office in 2017 ceased to be a Director of Sanlam in 2016.
The revelation has now shifted on who could be spinning the whole affair that Deputy President William Ruto is at the center of the whole affair.
Investigations reveals that Dr Nyangeri who is a Billionaire is a close ally to the Simeon Nyachae
Simba is a law graduate from the University of Dar-Es-Salaam and did his doctorate degree at the University of Nairobi.
Dr Simba previously served as chairman of the Federation of Kenya Employers,National Bank of Kenya, Kenya Bankers Association, Kisii Bottlers Ltd, Retirement Benefits Authority, APA Insurance, Pan Africa Insurance Holdings, Choice Tea Brokers, Mather and Platt Kenya and the University of Nairobi, among others.
He has also served in other capacities including President by Rotary Club of Nairobi.
He is the lobby group’s chairman.
Susan Mudhune is the younger sister of Prof Anyang Nyongo
She is a Former Safaricom board member and was among top shareholders with directorship positions at Safaricom with 51,200 shares, coming just behind chief financial officer Sateesh Kamath who increased his stake to 100,000 over the course of a year.
Mrs Mudhune also served as the KCB Group chairperson between 2003 and 2008She is the first woman to join the board of Carbacid
Chairman for Kenya Girl Guides Association and Member of Institute of Directors (Kenya).
Rohan Patel has been at Sankara Hotel Group in Kenya for five years.
He is Director of Corporate Development, before this he did the same role for Grenadier Limited, a private investment company.
He also spent seven years at KPMG, where he filled the role of Manager – Business and Financial Advisory Services and later became senior manager at KPMG’s public sector and development business unit in East Africa.