IMHO, Kemei is the one who should be fired but who is the DP and CS Finance?

Don't run away as yet. Could be too early. But why they had to kick him after petitioning the government for a 50% mandatory treaty cessions in Kenya's insurance business is unclear.
Again, that position looks jinxed after PK....3 in a row.

@vvs
Cash and construction they need to have one of their own in the management.
Unfortunately Kemei doesn't have one of his own.
For KNH it was followed procedurally since it was the minister who pulled the trigger.
As at now it's more of retaliation because the MPs from Koros backyard wanted to impeach the Health CS but the DP stopped them.
For cash and construction we wait to see.

CS Health is Sicily Kariuki... isn't she Kikuyu not Meru?
It saddens me that tribalism not merit is the reason for many appointments.

https://www.businessdail...8832-4xp5ttz/index.html

“I reported to work as usual and was told to leave by the chairman of the board,” Mr Mwarania said in an interview moments after his departure was announced by the Kenya Re through the Nairobi Securities Exchange (NSE).


If this was NOT a board [vs chairman] decision then Mwarania can (& should( sue for wrongful dismissal.

What a clusterf**k for the only GoK controlled firm I have shares in. I should have stuck with ZERO... And I think I am headed that way.
I sold off my KQ, KPLC, KenGen, etc after what happened at KQ and KPLC.

Mwarania was competent and ran KenRe profitably, even if conservatively, and I liked that.

https://www.kenyare.co.k....php/site-map/directors

Kemei and Rotich. This was not a rogue Chairman but he had to have the support of Rotich.

What a sad way to dismiss a competent CEO.If he goes to court he will definitely win.
@vvs,how do you intend to replace kenre? There is CIC,,Sanlam and Jubilee.You could also shift outside for Bamburi or Centum.

@vvs
Even private firms have been mismanaged.Mismanagement I can't single out GoK firms only,even in private companies it's there.
Look at ARM,Olympia Capital,Transcentury,Home Afrika,Atlas Developmet,Hutchings Biemer,Nakumatt etc.

I would suggest you look at each company uniquely for any trace of mismanagement.
Even the kenol kobil you talk about Jacob Segman was nearly finishing it off

No known pillage or scandals for now. Jadiah is very dexterous in the reinsurance field. Competition is getting stiff. 20% of Kenya's insurance industry treaty business is currently "locked" with KRe. I repeat, it is a response to the recent downgrading by A.M Best. The ousted had tiffs with the acting sometimes ago and the Board rescued the acting...who was GM-property and investment until yesterday.

Give me 2 examples of listed (GoK controlled or heavily influenced) entities (except KenRe) that hasn't been mismanaged. I don't know any [except KenRe] that haven't had to be bailed out.

You know I have excluded "scams" like Merali from my investment list. Other exclusions are the "GEMS" like NBV and Kurwitu.

Private firms: The record despite the hiccups [which will happen] is much better:
BAT
EABL
KK [no bailout, led to the brink by Segman's hedges but has recovered nicely]
Safaricom [Controlled by Vodafone]
Equity
DTB, NIC, I&M, Stanbic
Jubilee
Unga [this was almost taken to the cleaners but survived after Seaboard seconded Nick Hutchinson]
FTGH [slow start but seems to be on the right track despite the hiccups]
NMG [even with all the problems]

And many, many more.