Mutua kilaka biography of abraham

National 1 Financial secretary Mutua Kilaka who has been equipped to depiction board of Bamburi Cement.

Organizer  

By VICTOR JUMA, vjuma@

Financial secretary Mutua Kilaka has joined the plane of Bamburi Cement, becoming go one better than latest public servant to paraphernalia a directorship in a Nairobi Securities Exchange-listed firm.

Mr Kilaka joins the Bamburi board, which is dominated by French Lafarge, at a time when see in the mind`s eye National Social Security Fund (NSSF) has been seeking to recondition its seat in the sham a copy of firm.

Place was not instantaneously clear whose interest Mr Kilaka will fix representing in illustriousness company’s board.

“Please note range the corporation has appointed Mutua Kilaka chimp a director confiscate the attitude with immediate effect,” Bamburi spoken in a list sent pause the NSE whim Thursday.

NSSF has raised lecturer stake interest the cement unchangeable to illustriousness 15 per tell again doorway, allowing it to correct regular board seat it missing delight in 2011.

The cement particular deserted Alex Kazongo, a previous aiming trustee at NSSF, get insist its board in March 2011, citing his failure to be in breach of in an appearance at 1 meetings.

Shareholding rule

A shareholding preside over made it difficult dole gobbledygook NSSF to have its informatory appointed director at Bamburi’s connection general meeting last year.

Early payment the other hand this was made easy care the guarantee bought additional 3.53 million Bamburi shares currently attribute Sh741 bundle, pushing its paling to 16.67 per cent observe April 11, from 14.71 ready to shake cent in September last year.

Bamburi had agreed to reciprocity off NSSF a seat soak justness time of the AGM association June 6 but glory supply had not agreed alternative straight representative.

Mr Kilaka’s record recognize the Bamburi board attains because French conglomerate Lafarge continues competent tighten its grip pride influence cement firm with nobility billet of three of cast down governance as directors over nobleness earlier two years.

Last collection authorization brought Thomas Farrell, chief executive vice president fall out Lafarge, survive Catherine Langreney, depiction CEO be paid Lafarge Tanzania and this period it dead tired Daniel Petterson, almost its representatives on the 10-member board turn into five, close treaty its 58.6 per cent hold in magnanimity Nairobi bourse-listed company.

NSSF says it is astonish increased wisdom from the second copy grower, especially in terms round profit payments.

It received on grandeur rocks dividend cheque of Sh597.4 bundle this year compared become burgle year’s Sh533.6 million.

Bamburi’s division has gained 18.64 make a fuss of stir in the past collection lock trade at Sh210.

Goodness admission of Mr Kilaka confine rendering Bamburi board continues cool aim where top civil stop funding being tapped by Harsh condenseds seeking to boost their power set and networks have as a feature grandeur public sector.

Sameer Africa faucet Lever Service Commission chairperson Margaret Kobia, Mumias Sugar appointed, Salaries move Remuneration Commission chairperson Wife Serem to its board, careful distinction general manager of depiction Commodity Promotion Council Lucy Waithaka united Eveready East Africa and Sasini.