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Igathe ditches Equity Bank and Kenyans wonder whether he can ever keep a job for long

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Equity Bank Managing Director Polycarp Igathe has rejoined Vivo Energy as Executive Vice President of Sales and Marketing.

Igathe will assume his new role from September 1, barely a year after joining the lender.

“I am pleased to announce that Polycarp Igathe will rejoin Vivo Energy as the Executive vice president Sales and Marketing, a newly created role that is being added to the Vivo Executive Management (VEM),” Vivo Energy CEO Christian Chammas said in a statement.

In his new role, Igathe will be responsible for sales and marketing across the group.

Igathe was first named as Equity Bank’s Chief Commercial Officer in May 2018. The appointment came four months after he quit as Nairobi Deputy Governor citing lack of trust with his boss Mike Sonko.

He was promoted to the Equity MD position in September.

Igathe was the Vivo Energy Kenya MD before resigning to join politics.

His latest move sent Kenyans on Twitter into a frenzy, with many terming him a lucky guy whom “employment looks for.”

jeff_Elvtwin@JElvtwin

Some of us are seeking employment whereas employment is seeking Polycarp Igathe.

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just STEVE !!!@just_STEVE___

I pray to be as fortunate as one of these guys. Polycarp Igathe, Julius Kipngetich
Able to resign at breakfast and have another job by lunch time

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A.F. Abbott@MrPhyc

Alafu Polycarp Igathe aanze story za “create employment, don’t just wait to be employed..”

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@nicky🇰🇪@Dennoh0

Next year time like now,Nairobi governor Sonko reappoints polycarp igathe as Nairobi county deputy governor

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JOE MUHAHAMI@Muhahami

Polycarp Igathe has left Equity Bank and rejoined Vivo Energy.

Damn this guy change jobs like baby diapers 🙊

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Kevoh Alexis@kevinkarobia1

The rate at which Polycarp Igathe is switching jobs makes us wonder what he studied at school@polycarpigathe

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17 people are talking about this

Lazooj@Lazooj

Polycarp Igathe can switch employers at will, you try switching employers yearly, and in your next job interview utaskia “You don’t seem loyal to your employers, 4 jobs in 2 years? why should we hire you? What guarantee can you give that you won’t leave before the year closes”.

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42 people are talking about this

erick odhis@erickodhis

“Polycarp Igathe” somebody once told me up there the top of the pyramid they are very few and lonely never be surprised when an individual heads multiple organizations and grace all events invited

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John Muse@John__muse

Kwani Polycarp Igathe anakuanga na Rocket science degree?

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READ ALSO:   ODM Politician among those arrested over Ksh2 Billion Fake Cash at Bank
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Africa

Trump confirms he is adding Tanzania, Nigeria to No-Travel list

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President Donald Trump has confirmed that he is adding seven countries to his US travel ban, including -surprisingly – Tanzania.

Nigeria, Africa’s most populous nation, is also on the list.

Trump told the Wall Street Journal (WSJ) in an interview from Davos, Switzerland, that he plans to extend the controversial ban citing the need to curb terrorism and discourage illegal immigration.

but declined to name the countries to be added to the list.

Several media outlets reported Tuesday that the 7 countries are Nigeria, SudanBelarusMyanmarTanzaniaKyrgyzstan and Eritrea.

Sources told that the list will be formally announce on Monday next week, on the third anniversary of the introduction of the original ban that targeted majority-Muslim countries.

The inclusion of Tanzania came as a surprise to many. However, analysts opine that it could have been targeted targeted because of its high number of citizens who have overstayed their US Visas.

“I don’t think it has anything to do with terror,” said a political analyst who did not wish to be named.

“But I can confirm to you that Tanzania is on the list of countries with high numbers of Visitors who have overstayed  their Visas.

READ ALSO:   Kenyatta family acquires another bank at Sh1.4B

In 2018, The US Supreme Court, in a 5-4  ruling, upheld a version of the ban that blocked nationals from five Muslim-majority countries from entering the United States. The ban applies to people from Iran, Libya, Syria, Somalia and Yemen.

The ban had been challenged a few times in lower courts.

 

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Africa

‘Tell my family I am sorry,’ Last text by Basalirwa before committing suicide

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Arthur Basalirwa, a Makerere University Business School (MUBS) graduate left behind a message for his family before he allegedly committed suicide.

He had recently graduated with a first-class degree and had just gotten a job.

According to a social media user, Basalirwa is son to Doris Elizabeth Nansamba a journalist working with Capital/ Beat FM.

Arthur Basalirwa

It is alleged that his long-time partner *D turned him down.

In a post to his family, Basalirwa penned his last message to them,

‘Just make sure you tell my family it’s Okay. I am sorry but it’s too late I am sorry. Too much weighing on me.

I don’t want to live and see another day. I’m sorry but I cant stay I’m sorry too much weighing on me.’

In a screenshot of texts between him and D, Basalirwa had called her out for being rude to him to an extent of asking him to block her.

‘You will always ask yourself if you had sent me a more meaningful text. These are your last words to me. Goodbye D.’

To which D responded

‘F@ck you, just block me and never text me. Delete our chats and my number. Bye’

Basalirwa chat

By Mpasho

READ ALSO:   ODM Politician among those arrested over Ksh2 Billion Fake Cash at Bank
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Africa

How ‘Africa’s richest woman’ stole fortune: ICIJ

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An award-winning investigative team published a trove of files Sunday allegedly showing how the daughter of Angola’s former president — dubbed Africa’s richest woman — siphoned hundreds of millions of dollars of public money into offshore accounts.

The New York-based International Consortium of Investigative Journalists (ICIJ) worked with newspapers such as Munich’s Suddeutsche Zeitung to reveal the “Panama Papers” tax haven scandal in 2016.

Its latest series called “Luanda Leaks” zeros in on Isabel dos Santos, the former Angola president’s daughter.

Angola’s prosecutors last month froze the bank accounts and assets owned by the 46-year-old businesswoman and her Congolese husband Sindika Dokolo. Dos Santos called it a groundless political vendetta at the time.

“Based on a trove of more than 715,000 files, our investigation highlights a broken international regulatory system that allows professional services firms to serve the powerful with almost no questions asked,” the ICIJ wrote.

The group said its team of 120 reporters in 20 countries was able to trace “how an army of Western financial firms, lawyers, accountants, government officials and management companies helped (dos Santos and Dokolo) hide assets from tax authorities”.

Dos Santos’s lawyer dismissed the ICIJ findings as a “highly coordinated attack” orchestrated by Angola’s current rulers.

READ ALSO:   Why you won't be able to use the current 1000 Kenyan bank notes after Sept this year

“It is obvious that our client is the subject of a highly coordinated attack on both her reputation and business,” the lawyer said in a statement quoted by The Guardian newspaper. Dos Santos herself told BBC Africa the file dump was part of a “witch hunt” meant to discredit her and her father Jose Eduardo dos Santos.

The former president’s daughter headed Angola’s national oil company Sonangol. Forbes magazine last year estimated her net worth at $2.2 billion.

Her father’s successor Joao Lourenco forced her out of the oil company after becoming president in 2017.

Dos Santos said on Wednesday that she would consider running for president in the next election in 2022. – Western consultants – The ICIJ investigation said Western consulting firms such as PwC and Boston Consulting Group were “apparently ignoring red flags” while helping her stash away public assets.

“Regulators around the globe have virtually ignored the key role Western professionals play in maintaining an offshore industry that drives money laundering and drains trillions from public coffers,” the report said.

Its document trove included redacted letters allegedly showing how consultants sought out ways to open non-transparent bank accounts.

One confidential document allegedly drafted by Boston Consulting in September 2015 outlined a complex scheme for the oil company to move its money offshore. It published a similar 99-page presentation from KPMG.

READ ALSO:   Kenyatta family acquires another bank at Sh1.4B

None of the companies named issued immediate statements in response to the investigation

By Standard.co.ke

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