July 8, 2008:Latest news in Kenya is that the Minister of finance Mr. Amos Kimunya has resigned.
The besieged minister of Finance, Mr Amos Kimunya has today stepped aside to pave way for investigations into the controversial sale of the Grand Regency Hotel.
The decision was reached after he made the decision after consultations with President Kibaki, his family, colleagues and friends
The minister said his conscience is clear and called for an independent inquiry into the sale of the Hotel, which Kimunya insists was done above board.
The sale of the Grand Regency Hotel led other members of parliament to pass a vote of no confidence in the mister and they has even threatened to throw him out of office and bar him from parliamentary session if he did not step down.
Kimunya took on the finance portfolio in 2006 after his predecessor, David Mwiraria stepped aside to pave way for investigations into his involvement into the Anglo-leasing scam. Mwiraria was later absolved of all charges.
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