ICT CS nominee Kabogo explains Sh3 billion assets including land, shares

Information and Communication Cabinet Secretary nominee William Kabogo has revealed that his net worth is approximately Sh3.01 billion.

Kabogo outlined the breakdown of his wealth, including residential properties, assets, and investments.

“My total net worth is about Sh700 million, with movable assets of approximately Sh40 million. Land and farm holdings are valued at around Sh756 million, and my cash and current assets total Sh64.06 million. I also have interests and shares in various companies, which are worth about Sh1.5 billion,” Kabogo said.

"So the total is approximately Sh3.01 billion. Yes, conservatively, I am worth over 3 billion."

Kabogo also addressed rumours surrounding his past ownership of a helicopter. He confirmed having owned one in his younger years, explaining that he was a licensed pilot and used to fly the aircraft himself.

However, he said he later sold the helicopter when he could no longer find the time to fly. He clarified that the sale was part of his broader financial portfolio, contributing to his reported net worth of Sh3.01 billion.

“I had one at some point when I was a young man. I was a pilot myself, and when I couldn’t fly as much, I decided to let it go. Yes, I sold it," he confirmed, adding that the helicopter was included in his net worth of Sh3.01 billion.

Kabogo also responded to inquiries about his legal and political history saying he has never been convicted of any offence in a court of law.

"I have never been convicted of any offence in a court of law," he asserted. He was further asked if he had ever been mentioned in a parliamentary committee report or dismissed from office. "No, sir. I have never been mentioned or dismissed," he said.

Kabogo was also questioned on issues related to political integrity, specifically about practices such as tribalism, nepotism, or favouritism.

He denied any involvement in such practices, stating, "I have never been adversely associated with practices like nepotism or tribalism."

However, he did acknowledge an incident from nine years ago, when he was taken to court for hate speech following remarks made at a political rally in Thika.

Kabogo explained that while the remarks were politically charged, they were not intended to be tribalistic or nepotistic. He was ultimately acquitted of the charges.

"A couple of years ago, I was taken to court for hate speech, but I was acquitted of the charges. It happened nine years ago, after remarks made at a political rally in Thika," Kabogo explained.