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State firm CEO exits surge on Ruto projects pressure
From left: Dr John Mativo who got sacked from Kenya Electricity Transmission Company Limited (Ketraco) managing director post, Philemon Kandie who resigned as Kenya Rural Roads Authority (KeRRA) director general and Kungu Ndungu, who also resigned as Kenya National Highway Authority (KeNHA) director general.
A new wave of resignations and sackings of CEOs has triggered anxiety in State corporations amid vicious behind-the-scenes battles to seize control of public enterprises overseeing multi-billion shilling road, energy, and ICT infrastructure projects.
The executives of at least five key State firms, commonly known as parastatals, have in the past three months been sacked, suspended or resigned — leaving the top bosses of many public agencies on the edge.
