Ex-Moi aides reject new Kenya Seed board members
Summary
Ownership of Kenya Seed Company is contested with the private shareholders claiming a 60 per cent stake while the government reckons the firm is a parastatal.
Monday May 03 2021
By BARNABAS BII
Summary
Ownership of Kenya Seed Company is contested with the private shareholders claiming a 60 per cent stake while the government reckons the firm is a parastatal.
Confidants of former President Daniel arap Moi and private shareholders of Kenya Seed Company have rejected the new board of directors appointed by Agriculture Cabinet Secretary Peter Munya, terming the process unconstitutional.
The shareholders will now move to court to challenge the appointments after they were kicked out in the annual general meeting charged by Mr Stanley Kamau, who was seconded from the National Treasury to oversee the polls.