William Ruto Appoints Humphrey Kariuki, 11 Others to National Investment Council

Published on Mon, 12/05/2022 - 10:00


President William Ruto has appointed billionaire Humphrey Kariuki as one of the members of the National Investment Council.


William Ruto has appointed Humphrey Kariuki to the National Investment Council. Photo: William Ruto. Source: Twitter The council is expected to advise the government on increasing investment in Kenya and growing the economy. While reacting to the appointment, Kariuki said he was committed to developing the country. "Pleased to be appointed to the National Investment Council of Kenya by President Ruto. My commitment to the economic development of Kenya is unwavering, I look forward to working closely with this distinguished council," he tweeted. 

National Investment Council members KCB managing director Paul Russo. Twiga Foods chief executive officer (CEO) Peter Njonjo. Twiga Foods CEO Peter Njonjo. DL Group of Companies chairman David Lang'at. Ahmed Farah. Humphrey Kariuki. Sarah Ochieng. Eva Warigia. Sheila Kyarisiima. Francis Njogu. Tom Mulwa. Cabinet Secretaries in charge of Trade, Finance, Agriculture, Lands, Tourism and Environment are also council members. The council will propose incentives to promote investment by identifying challenges facing businesses, Citizen TV reported.

During President Uhuru Kenyatta's tenure in office, Kariuki ran into problems with the state over tax evasion allegations amounting to KSh 17 billion. Kariuki owns Africa Spirits. In May, the High Court quashed criminal charges levelled against the businessman and others over alleged tax evasion. Justice Anthony Mrima agreed with the billionaire's advocate Cecil Miller that the charges against him (Kariuki) emanated from the Director of Criminal Investigations, whereas the Constitution requires all criminal prosecutions to originate from the Director of Public Prosecutions.

“A declaration hereby issues that prosecution of criminal offences in Kenya must only be undertaken by lawful Prosecutors (being either the Director of Public Prosecutions or such other persons exercising the delegated powers of the Director of Public Prosecutions under Article 157(9) of the Constitution or the entities conferred with powers of prosecution pursuant to Article 157(12) of the Constitution) and as long as such prosecutions are in keeping with (a) above,” Justice Mrima ruled.

In other news, Ruto established the Nairobi Rivers Commission to oversee the protection of water bodies within the city. The nine-member commission under the stewardship of Pamela Olet will, among other tasks, reclaim the sanctity of the city's blue infrastructure. Former Kiambu governor Ferdinand Waititu will sit in the commission as a member, bringing him to the corridors of power after years of trailing from the periphery. 

Original article published on Tuko News https://www.tuko.co.ke/business-economy/485728-william-ruto-appoints-humphrey-kariuki-11-national-investment-council/


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