Nairobi, Aug. 25 -- The Attorney-General has defended the appointment of James Ndegwa as the chairman of Capital Markets Authority (CMA) in a court case filed by activist Okiya Omtatah seeking his removal over alleged conflict of interest.
Mr Omtatah argues that Mr Ndegwa's position at the regulatory agency is in conflict with his family's diverse interest in regulated businesses including banking, fund management and publicly-traded firms.
The AG, who is also a member of CMA's board, avoided addressing the alleged conflict of interest in his reply that highlighted the President's prerogative in making appointments.
Besides Mr Ndegwa, the activist wants CMA's other board members, including John Birech, Freshia Waweru, George Moibi, Thoma...