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Jack Kayonga replaces Prof Nshuti at Crystal Ventures

Nshuti Mannaseh

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By Staff writer

newsdesk@greatlakesvoice.comKayonga-Jack-BRD

KIGALI, RWANDA- Professor Nshuti Manasseh has been sacked as the board chairman of the powerful business empire Crystal Ventures Ltd, the business arm of the ruling Rwandan Patriotic Front. The new Board chairman is Jack Kayonga, the head of Rwanda Development Bank [BRD].

Some reports indicate that Prof Nshuti was removed for alleged poor management practices though this was unconfirmed by press time. RPF Secretary General François Ngarambe did not answer our calls. It is well known that many workers at Crystal Ventures were not happy with Nshuti’s management style and welcomed his removal.

Prof Nshuti has recently been prominent writing newspaper series campaigning heavily for President Kagame to be retained when his term expires in 2017.

Among the companies held under Crystal Ventures are Inyange Industries, Bourbon coffee, Mutara enterprises, Intersec and owns two bombardier executive jets used by President Kagame. Crystal Ventures is said to be worth more than USD 500 million and is currently in the process of selling some of the companies it holds.

There have been allegations by some disgruntled RPF members that the management and benefits of Crystal Ventures are unknown to the general party membership.

This post has already been read 5506 times!

3 Comments

3 Comments

  1. Emanuel Kayitana

    May 27, 2013 at 5:10 PM

    Dear editor,

    Be fair in your reporting, Professor Nshuti Manasseh was the chairman of the board of CVL and not staff. So he cannot be sacked but removed for he was in no fulltime employment. if he was not in operations which staff would be happy/unhappy with him leaving CVL? coz, he had no contact with staff except perhaps MDs of subsidiary companies. We are told that he will be one of CVL shareholders, so he keeps working for the CVL.

  2. Bayingana Jamea

    May 27, 2013 at 5:21 PM

    Dear Editor,

    Do correct this info that: Professor. Nshuti has been sacked. Chairs of boards, are removed, not sacked. Professor Nshuti was none executive chairman, so sacking does note arise. PROFESSOR NSHUTI REPLACED BY JACK KAYONGA IS THE RIGHT WORD. Be professional please. Changing chairs is normal.

  3. BIZIMUNGU

    May 29, 2015 at 11:32 AM

    hello Editor,
    I thought you people have got much knowledge on mass communication and journalism, but all in vein and what you know is diminishing. Professor NSHUTI was not sacked in VCL and repeatedly you said, he was among the board, so how do you bring out the word sacked. go back for more training and more research.
    thanks

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