My net worth grew by Ksh.38M to Ksh.158M - Trade CS nominee Mvurya

Trade Cabinet Secretary nominee Salim Mvurya on Saturday revealed his net worth to be Ksh.158 million when he appeared before the National Assembly's Committee on Appointments for vetting.

The immediate former Mining and Blue Economy CS' net worth stood at Ksh.120 million as at September 2022, when he appeared before the same committee for ministerial vetting.

Mvurya told the committee then that his wealth emanates from property acquisition including ownership of houses and cars, investment in lands, and cash in his bank account.

"The value of my properties appreciated over the period," Mvurya told the committee on Saturday.

In 2022, Mvurya’s declared net worth attracted questions from the committee, who pondered why his net worth was "conservative" despite having served as Kwale County Governor for 10 years.

"You have indicated that you are worth Ksh.120 million...You have also indicated that your source of income is your salary as Governor of about Ksh.1.361 million in gross terms. Assuming in gross terms if you were to take a tax of 35 percent, in 10 years you would have earned about Ksh.88.6 million," National Assembly Majority Leader Kimani Ichung'wah asked him then.

“Did you have other loans or liabilities by the time you are Governor? Did you have access to facilities such as mortgage facilities? Have you taken up as Governor any mortgage facility or car loans that you are servicing by the time you were Governor?”

Mvurya, in his response, said that he had incurred loans during his tenure which he first focused on clearing.

“In my term as Governor I had loans which I paid and concluded with various banks,” he said.