How Nyachae built up a vast bank, grains empire

Former Cabinet minister Simeon Nyachae. FILE PHOTO | NMG

If Kenyan bank shareholders and directors were required to attend AGMs on the same day, Simeon Nyachae would have had difficulty choosing which ones to go to or skip.

Mr Nyachae, who died on Monday, February 1, at 88, owned stakes in Credit Bank, Commercial Bank of Africa (now NCBA), Transnational Bank and I&M Bank #ticker:I&M -- making him part of elite business clique that dominated the economy and politics.

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