Alice Wahome's net worth increased by Sh109m in two years
National
By
Sharon Wanga
| Aug 01, 2024
Lands Cabinet Secretary nominee Alice Wahome reported a net worth increase of Sh109 million over the past two years.
During her vetting on Thursday, August 1 before the National Assembly Committee on Appointments, Wahome stated her and her husband's current net worth is Sh327 million.
"It's Sh327,675,000. When you vetted me last time, I was worth Ksh218,400,000," she told MPs.
The CS nominee attributed the increase in her net worth to property appreciation, further explaining that a tenant who had not been paying rent settled a debt of Sh14 million in March.
She noted that she and her husband jointly accumulated their assets.
READ MORE
New law aims to protect internal auditors, strengthen public oversight
Ruto launches Sh5.5 billion plan to revamp Voi-Taveta metre gauge railway
Why underwriting is shifting as risk grows more complex
World Bank approves Sh71 billion for Isiolo-Mandera road construction
Banks double lending target to small businesses to hit Sh326b
Contradictions in rural economies 13 years into devolved governance
Return of the bitter pill: Kenya softens IMF stance as Iran shock bites
Court clears way for Sh619 billion EABL shares sale
JKUAT to assemble 3,000 computers for digital hubs countrywide
Jubilee Holdings profit jumps 18 per cent on increased revenue
Wahome is seeking a second approval to serve as CS in the Ministry of Lands, a position she previously held before being dismissed by President William Ruto.
In Ruto's first Cabinet, she initially served as CS for Water, Sanitation, and Irrigation.
Affordable Housing
If confirmed by Parliament, Wahome will oversee land issues and the controversial affordable housing program.
She defended the housing project, noting that it has employed over 106,000 youth countrywide and revealed plans to extend the initiative to rural areas if approved.