Eldoret-based businessman Eric Rutto is the new President of the Kenya National Chamber of Commerce and Industry (KNNCI) after defeating Richard Ngatia.
Rutto was declared the winner at the highly contested selection process that was done on Thursday during the Chamber’s Annual General Meeting at Bomas, Nairobi.
The new President served at KNNCI as Vice President.
“Together we are going to redeem this institution. We know that business people are very key in the enhancement of the business environment,” said Rutto.
Ngatia has been at the helm of KNNCI since 2019 when he took over from Kiprono Kittony unopposed.
During the 2022 election, Ngatia vied for the Nairobi gubernatorial position unsuccessfully. He was trounced by Johnson Sakaja.
KNNCI fosters social unity and promotes the welfare of commercial and industrial communities.
It also promotes, supports, or opposes legislations and ineffective bureaucratic measures that may be put in place by the government for the interest of members.
Despite getting endorsements from bigwigs such as National Assembly Speaker Moses Wetangula, Ngatia failed to win.
“Together we are going to redeem this institution. We know that business people are very key in the enhancement of the business environment,” added Rutto.
