Royal Media chairman S.K Macharia.PHOTO | RMS
Royal Media chairman S.K Macharia.PHOTO | RMS

Royal Media Boss S.K Macharia declared himself as the owner of the the troubled DirectLine Assurance Company. In letter written to the company heads,he stated that all who were out of office due to one problem or the other are required to report as back to work.

He fired the CEO and Suspended General Manager for abuse of office. He appointed Mr. Isaac Ngaru in acting capacity in both offices.

Royal Media boss is the new chairman of DirectLine Assurance Company, and taken over its management. It is the largest public service vehicle (PSV) underwriter in the country.

Mr Macharia, in a letter to the company’s staff, said he was acting “in the interest of preserving the company”. “I write to you in my capacity as a representative of the majority shareholders, namely Royal Media Services, Royal Credit Limited, S.K Macharia, P.G Macharia [Mr Macharia’s wife Purity] and the estate of the late Dan Karobia,” he wrote in the letter dated September 3. He also said he had suspended Ms Terry Wijenje as managing director.

DirectLine assurance is on the big companies in Kenya that controls over 60 Percent of Vehicle insurance across the country followed by AMACO insurance. The Nairobi city tycoon has 5 companies all running efficiently the country.

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