Jane Michuki reappointed to chair National Construction Appeals Board

 The Cabinet Secretary for Transport, Infrastructure, Housing, Urban Development and Public Works James Macharia, has reappointed city lawyer and business woman Jane Michuki to chair the National Construction Appeals Board.

Ms. Michuki who is the Managing Partner at Kimani & Michuki Advocates, will chair the tribunal for a further period of three years. The tribunal will handle cases of aggrieved contractors.

She was first appointed in June 2017.

The construction industry regulator was set up in July 2012, but lacked an appeals tribunal, leaving aggrieved contractors with the courts as their only recourse when contesting decisions taken by the NCA.

NCA’s duties include registering contractors and regulating their undertakings, accrediting and certifying skilled construction workers as well as construction site supervisors.

The authority is also tasked with training contractors in key areas.

Ms. Michuki is an astute investor at the Nairobi Securities Exchange (NSE). Last year, her 9.5 per cent stake in Britam was reported to be worth sh5.4 billion. The stake is owned through Equity Holdings, an investment vehicle where she has a 44.4 per cent stake.

The remaining 55.6 per cent stake in Equity Holdings is owned by billionaire businessman Peter Munga, who also owns large chunks of Britam’s stock through multiple accounts.

According Business Daily to she was the largest female stockholder on the Nairobi Stock Exchange (NSE), with an estimated net worth of approximately US$50 million, as of November 2014, making her one of the wealthiest people in Kenya.

While she also bought a minority stake in Equity Bank in 2004 having acquired shares worth Sh10 million in a private placement that netted a total of Sh725.1 million, it is unclear whether she still retains an interest in the lender.

She is however considered one of the richest women in Kenya.

Jane Michuki, who continues with her law practice, holds a Bachelor of Laws degree from the University of Nairobi and a Master’s degree in International Law and Development from the University of Warwick in the UK.

Lawyer Monthly put her net worth at  $60 million.

Also appointed to the three member body are Musyimi Marylyn Mumbua and Festus Mukunda Litiku to be members.

The three-year appointment is with effect from the 22nd May, 2020.

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