Investments CS Nominee Lee Kinyanjui’s Net Worth and His Plans to Change the Economy

Trade and Investments CS Nominee Lee Kinyanjui has vowed to put an end to exportation of scrap metal as part of his industrialisation agenda for Kenya. 

Kinyanjui noted that the movement of scrap metal from Kenya to other countries was highly detrimental to industrialization efforts, which will top his agenda in the Ministry of Industry, Trade and Investments. 

At the same time, the former Nakuru Governor promised to be more active in promoting food expiration, particularly to new markets in the Middle East. 

The veteran politician was nominated by President William Ruto to take over the docket from Salim Mvurya, who was reassigned to the Ministry of Youth, Sports & Culture.

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The National Assembly committee on appointments queried Kinyanjui on multiple issues stemming back to his reign as county governor, all aimed at establishing his suitability to assume the trade docket.

Pursuant to the Public Officer Ethics Act (POEA), cabinet secretary nominees are required to fill out a wealth declaration form, outlining their accrued assets and other material properties.

The information will be assessed by the vetting committee to establish whether the wealth is legally acquired and that the party meets all required integrity criteria to hold public office.

After two successful years in office, POEA requires that the cabinet secretaries, among other ranking public officers, declare their wealth again, a key metric in weeding out corruption among public officials.

To this effect, Kinyanjui revealed that he has accumulated wealth valued at Ksh471 million, mostly in real estate and shares in family businesses. 

He previously served as Nakuru Town MP and as an assistant minister for the Ministry of Roads—as appointed by President Mwai Kibaki in 2008. 

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He holds a Bachelor of Arts degree in Literature from Kenyatta University and a Master of Business Administration (MBA) from the University of Nairobi (UoN).

He also served as the first chairperson of the National Transport and Safety Authority (NTSA), where he oversaw digitisation of driving licenses and logbook acquisition through the introduction of the Transport Information Management System (TIMS).

Kinyanjui was tasked by parliament to explain allegations of corruption and ill-will towards members of the general public during his tenure as Governor of Nakuru.

The former county boss was questioned on the legitimacy of allegations of ferrying street families from the Nakuru Town Central Business District (CBD) and dumping them at the Subukia forest. He refuted the claims, terming them malicious allegations trained at tarnishing his reputation by political foes at the time.

On assumption of office, Kinyanjui was tasked with explaining whether he will serve Kenyans as cabinet secretary for Trade for the remaining two and a half years or he will spend the time spending public funds on campaigns around Nakuru County as he eyes a second term as governor. Acknowledging the role played the people of Nakuru in his political success, Kinyanjui stated that while he holds them dear in his heart, he will fulfill his mandate as CS to the rest of the country.

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