Rigathi ‘Loose Cannon’ Firing Shots At Ruto Camp

Written By Henry Kimoli  📝

The Kenya Kwanza deputy President-candidate Rigathi Gachagua has irked many after revealing how much money Kenya has lost for freezing his business accounts.

“My 9 companies were closed in the name of fighting corruption. The companies employed 700 people. They used to file a tax return of 10B per month and 120B per year. Since my companies were closed, accounts frozen, the government has lost 360B…” 

Safaricom ltd is Kenya’s largest corporation. It directly employs 5,500 people and indirectly employs approximately 500,000. A total of 505,500 people are employed. 

In the fiscal year that ended March 31, 2021, Safaricom paid Ksh 106 billion in taxes and license fees. 

Rigathi claims that his businesses previously made more money than Safaricom. 

None of his businesses have ever been listed on the NSE. He has never been recognized as the country’s top taxpayer. We don’t have a single product related with his companies in our supermarkets.

We also have no notion what services his businesses provide. 

At least one individual who works for Safaricom, either directly or indirectly, will be found in your neighborhood. 

In Rigathi’s Wamunyoro village in Mathira, on the other hand, the local chief knows of no residents who work in any of Rigathi’s 9 firms. 

Kenya’s largest corporation is Safaricom ltd. It employs 5,500 people directly and about 500,000 people indirectly. There are 505,500 individuals employed. 

Safaricom paid Ksh 106 billion in taxes and license fees in the fiscal year that ended March 31, 2021. 

Rigathi argues that his prior firms profited more than Safaricom.

His companies have never been listed on the NSE. He has never been named the highest taxpayer in the country. In our supermarkets, there isn’t a single product associated with his companies.

His remarks have taken investors aback.