Raila Odinga’s ODM Party Net Worth Hits KSh 10b, Richest in Kenya.
Orange Democratic Movement (ODM) party net worth grew by 12.4% to KSh 10 billion in 2022 compared to KSh 8.96 billion in 2021.
The Raila Odinga-led party became the richest political outfit in the country,
pocketing KSh 9.6 billion from the exchequer The party’s income increased to 2.2 billion, up from KSh 1.4 billion, majorly from government transfers and public contribution.
Raila Odinga’s ODM is the richest political party in the country, according to the financial statements for the year ending June 2022.
The party’s net assets hit KSh 10.04 billion, up from KSh 8.96 billion reported during the same period in 2021.
ODM party membership fee This represents a 12.4% growth accumulated from the party members’ contribution funds.
The income was majorly from government transfers and contributions from the public and donors.
Sources of ODM funds According to the statement, 96% of the fund comes from the Political Parties Fund, which currently stands at KSh 9.6 billion, up from KSh 8.6 billion.
The income was majorly from government transfers and contributions from the public and donors. Sources of ODM funds According to the statement,
96% of the fund comes from the Political Parties Fund, which currently stands at KSh 9.6 billion, up from KSh 8.6 billion.
The fund is 0.3% of the national government revenue allocated each financial year to qualified parties.
Members’ owings and payments to the party stood at KSh 10.2 million in the same period under review.
Jubilee Party The Jubilee Party, led by former president Uhuru Kenyatta, is now the second richest party, with a net asset of KSh 429.4 million.
The two parties came together to form the Azimio la Umoja coalition ahead of the August 2022 General Election.
In 2014/2015, leading political parties reported between KSh 30 million and KSh 100 million in funding from the National government of East Africa.