A powerful business lobby has mounted a challenge against the appointment of Michael Nyachae, son of the late Cabinet Minister Simeon Nyachae, as chair of Development Bank of Kenya (DBK).
The lobby argues the appointment flouts public service regulations and lacks transparency, urging that the process be halted and re-advertised.
Critics say Nyachae’s installation undermines merit-based recruitment and may erode investor and public trust in DBK.
Supporters defend the government’s decision, pointing to Nyachae’s business background and potential to drive the bank’s developmental mandate.
However, the lobby insists the move sets a troubling precedent and demands parliamentary oversight before the appointment is finalized.
With both sides digging in, the dispute casts a shadow over governance practices at DBK and raises broader questions about political influence in state institutions.
Written By Ian Maleve
