Treasury ousts four Kenya Re directors amid clashes
Nairobi, July 22 -- The Treasury has ejected four of its representatives from the Kenya Reinsurance Corporation (Kenya Re) board, including chairman Erick Gumbo, in a bid to quell tensions that have rocked the firm since last year.
Through a June 15 letter seen by the Business Daily, the Treasury informed the State-owned reinsurer that it had dropped Mr Gumbo, Abdirahin Abdi, Eunice Nyala and Zacharia Nyaaga from the board.
The changes emerged in the middle of a board spat that saw the suspension of Kenya Re CEO, Hillary Wachinga, and human resource manager Sally Waigumo for two months between September 2 and November 2, 2025.
The two were reinstated before the hearing of a court case that had been filed by Mr Wachinga over his ouster....
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