Four government agencies auction cars, drama over closure of SK Macharia company

Hello and welcome to the evening newsletter, where we track outbreaks and closures (and Gachagua commercial flights).


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For sale

Four government agencies announced today that they were auctioning off motor vehicles and office supplies, largely due to their unusable nature. And it will probably create room to buy new ones.

The notices from the National Land Commission (NLC), National Irrigation Authority (NIA), National Drought Management Authority (NDMA) and Energy and Petroleum Regulatory Authority (EPRA) were published in local newspapers today.

Getting closer: EPRA revealed that it will auction laptops, cameras, phones, tires, among other items, on June 21.

  • The NDMA, on the other hand, announced that it will auction used motor vehicles, motorcycles, general equipment as well as furniture and accessories located in 21 different locations across the country, including Nairobi. The exercise will take place between June 26 and 28.
  • The NIA put motor vehicles, heavy machinery, spare parts, scrap and tires up for auction at five locations between June 18 and 26 this month.
  • NLC announced that it was in the process of disposing of surplus, obsolete and unserviceable motor vehicles, ICT and other miscellaneous items in an exercise scheduled for June 28.

Of concern: main newspapers, Daily Nation and StandardThey repeatedly publish numerous pages of properties up for auction, mostly apartments, indicating difficult times.

The Central Bank of Kenya, in its chief executive officer (CEO) survey, showed that 240 Kenyan CEOs out of 1,000 respondents revealed that they had no choice but to cut their workforce before the end of the year.


Interview with the editor-in-chief of the Daily Nation

Bernard Mwinzi, outgoing editor-in-chief of the Daily Nation.

Photo

Bernardo Mwinzi

One of the companies planning to cut jobs is Nation Media Group, the parent company of ntv and Daily Nation.

Before the layoffs, Daily Nation Editor-in-Chief Bernard Mwinzi announced that I was leaving the outlet and would celebrate its last day on Friday, June 14.

I reached out to him to understand what his departure required and he noted that he will pursue other endeavors within the media industry. He declined to say what efforts.

“I will continue to be in the media ecosystem… (The nation) has been affected by the disruption of human resources because there is a drain of human resources. The talented, the best and the most experienced are leaving because it is also experiencing the drain of human resources, which for me is something bad but expected,” he said.

“He is going through a very delicate phase of his life. What I am sure is that he will be here for a long time.”

Mwinzi leaves after 17 years in office.


For your information

After more than a month without being able to access a military helicopter for travel, Vice President Rigathi Gachagua embarked on commercial flights.

On Tuesday, Riggy G caused a stir on the internet after he was spotted booking a commercial flight while traveling to Mombasa.

The public speculated that his choice to fly commercially was a public relations stance that was likely to win him more hearts as rumors circulate that he does not get along with his boss, William Ruto.

Rigathi Gachagua boards a Kenya Airways flight.


What he said

The battle between Directline Assurance Company, owned by Citizen television Owner SK Macharia and the Insurance Regulatory Authority (IRA) clashed on Tuesday after the former announced that was closing the company and fire all employees.

What he said: Macharia, Chairman of Royal Credit Limited, stated that the company would close down immediately and dissolve the company’s board of directors.

He explained that the company’s closure was due to the IRA’s decision to freeze the company’s bank accounts.

Macharia further regretted that the IRA had not taken action against the former directors of the company, whom it accused of embezzling funds totaling Sh7 billion.

Media owner and billionaire SK Macharia

Archive

Of note: The company controls more than 60 percent of Kenya’s public service vehicle (PSV) insurance market.

IRA counterattack: The regulator dismissed Royal Media Services director SK Macharia’s move as null and void. As a result, IRA ordered Directline to continue operations.

“All policies issued by Directline Assurance Company Limited remain in full force and effect and the insurer remains liable for any claims arising therefrom. The insurer has been placed under increased surveillance by the Authority and the Authority will take necessary measures,” IRA said.

“This is in accordance with the provisions of the Insurance Act, CAP 487 Laws of Kenya, to ensure the sustainability of the insurer and the protection of the interests of the insured.”


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This newsletter was written by Derrick Kubasu and edited by Brian Muuo.

Washington Myth contributed to the content.

Graphics prepared by Adongo Kyalo.