LREB CEO Resigns


Blow to Lake Region Economic Bloc (LREB) as its Chief Executive Officer Abala Wanga resigns.

This comes as a double loss for the bloc following the death of its vice chairperson Joyce Laboso who was buried last week in Kisumu.

Abala confirmed to the press that he had indeed resigned and will be leaving the office by Friday this week.

He noted that after wide consultations, he decided to resign to go back to his previous job within the county as the Kisumu county governor Anyang’ Nyong’o’s political advisor.

“After extensive consultation with Governor Nyong’o and the LREB CEO Wycliffe Oparanya, I decide to resign and go back to my initial position within the county after putting up structures in place for the bloc,”Abala noted.

Inside sources indicates that Aballa was prevailed upon by the chairman of the Bloc, Wycliffe Oparanya after he was found guilty in a Kiambu court for stealing office furniture when he worked at KEMSA sometimes back.

This come barely weeks after a section of media outlet had reported that the bloc Chairman Oparanya was contemplating to resign from the position and concentrate on his other duties as the Council of Governors and Kakamega Governor.

However Oparanya in his twitter handle denied the allegation stating that he was in the bloc to stay.

“I have noted widespread distortion in a section of the press on the statement I made last week on my leadership at the Lake Region Economic Bloc. Some said I have quit as the chairman. My response is, I’m going nowhere”, read his twitter handle.

The bloc brings together 14 member counties, Kakamega, Bomet, Bungoma, Busia, Homa Bay, Kericho, Kisii, Kisumu, Migori, Nandi, Nyamira, Siaya, Trans Nzoia and Vihiga.

The Bloc is currently engaged in negotiations with three financial institutions for a deal that will see them buy shares worth Sh 2.8 billion in one of the banks.

They opted to this move instead of starting their own bank to avoid running into challenges of raising equity which could delay the process.

Already nine counties have ratified the Lake Region Economic Bloc Bill 2018, with five other counties yet to pass the bill.




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