Former PS overturns move to hide Middle East Bank stake

Former Principal Secretary Esther Koimett reversed efforts to hide her 18.24 percent stake in Middle East Bank Kenya through a nominee company amid ownership changes. Her ownership increased from 17.48 percent in August to 18.24 percent in October. The bank, with roots in Dubai and originally owned by the Al-Futtaim Group linked to Carrefour, has seen her stake become more transparent.