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Originally published by The Kenyan Wall Street
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business
October 3, 2025
1y ago

Kenya Re Extends Suspension of Managing Director Dr. Hillary Wachinga

Kenya Re Extends Suspension of Managing Director Dr. Hillary Wachinga

Kenya Re has extended MD Dr. Hillary Wachinga’s suspension by 21 working days from Oct 2, 2025, with Nicodemus Gekone continuing as Acting MD...

✨ Key Highlights

Kenya Reinsurance Corporation has extended the suspension of its Managing Director, Dr. Hillary Wachinga, for an additional 21 working days effective October 2, 2025, following an initial 21-day suspension.

  • The Kenya Re board stated the extension is for a "thorough and impartial assessment" of undisclosed matters under investigation.
  • Nicodemus Gekone, General Manager for Property and Investments, will continue as Acting Managing Director.
  • Kenya Re's share price dropped from KSh 3.62 on September 3, 2025, to KSh 3.00 by September 8, a decline of about 17%, before closing at KSh 3.18 on October 2, 2025.

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