Joe Mucheru, Kenya’s new ICT Secretary, has resigned from the board of BitPesa, the bitcoin trading company, and has started offloading the shares he held on the platform, Techmoran reports.

Mucheru was sworn into office in December 2015 and with the Kenya’s government’s stance on virtual currencies such as bitcoin, Mucheru resigned so that his financial interests will not prejudice his decisions.

According to Techmoran’s report, Mucheru said, “I’ve formally resigned from the board of BitPesa and I’ve put my shares on sale. The process is ongoing.”

He added that he was stepping away from Wananchi Group, a company that he founded in 1999.

Last year, Mucheru promised to step away from the BitPesa board to avoid any conflict of interests, and this decision to resign is the fulfillment of his promise. Before his appointment as the ICT Secretary of Kenya, he was serving as Google’s Sub Saharan Africa Regional Lead and Country Manager in Kenya.

Photo Credit: The Star

Read this next
More From TC
South East Asia shows there is still hope for bike hailing in Lagos
Business, ecosystem, Government, Mobile, News
19th February 2020

The bike hailing innovation is not unique to Lagos. The service originated from Southeast Asia, an emerging market that shares many characteristics with Lagos and Nigeria. In this region, bike hailing faces similar regulatory challenges. But things are more progressive.

TechCabal is a Big Cabal Media brand

Copyright © 2020
All rights reserved

Privacy & Terms