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PS nominee Isaboke: My net worth is Sh680 million

His wealth comprises land, houses and apartments, cars, shares and bonds, and cash savings.

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by JAMES MBAKA

News04 April 2025 - 13:28
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In Summary


  • Isaboke is the immediate former Group Executive of Regulatory and Government Affairs for MultiChoice Group.
  • He also currently serves as the Chairman and Non-Executive Director of GOtv Kenya Ltd, a subsidiary of MultiChoice Africa Holdings (BV).

Broadcasting Principal Secretary nominee Stephen Isaboke appearing for an Interview before the National Assembly Committee on Communication, Information and Innovation on April 4, 2025. PHOTO/ENOS TECHE

Broadcasting Principal Secretary nominee Stephen Isaboke has told Parliament that his net worth is Sh680 million.

Appearing before the Parliamentary Committee on Broadcasting, Isaboke said his wealth comprises land, houses and apartments, cars, shares and bonds, and cash savings.

President William Ruto nominated Isaboke on March 20 to serve as the Principal Secretary in the State Department for Broadcasting and Telecommunications, replacing Prof Edward Kisiangani.

Isaboke is the immediate former Group Executive of Regulatory and Government Affairs for MultiChoice Group, overseeing operations in 48 Sub-Saharan African countries from Dubai.

He also currently serves as the Chairman and Non-Executive Director of GOtv Kenya Ltd, a subsidiary of MultiChoice Africa Holdings (BV), Africa’s leading video entertainment company.

During his vetting on April 4, Isaboke told the committee that he possesses the necessary experience in the broadcasting and telecommunications sector to effectively lead the department.

He said his career at MultiChoice, which began in 2008, placed him at the heart of broadcasting and media technology.

Isaboke, a native of Bobasi in Kisii County, said that during his tenure as Managing Director of MultiChoice Kenya, he was not only running a business but also shaping the media environment.

“As I mentioned earlier, we saw an opportunity to launch vibrant and dynamic channels accessible across East Africa and beyond, provided the necessary rights were secured. That was one of my key contributions,” he said.

He noted that local content was becoming increasingly important during that period, replacing the earlier focus on foreign productions.

“It became fashionable to see our own stories on screen, so we influenced the group through M-Net to start airing TV-style shows like Papa Shirandula and Inspector Mwala,” he said.

“Such shows allowed our people to see content they could relate to on their screens.”

Isaboke also emphasized that his experience aligns with the government's digital economy agenda and the monetisation of content.

“Content is intellectual property that, when actualised, can go viral. That’s part of the digital economy,” he explained.

He added that he brings over 33 years of professional experience in Kenya and across Africa, having worked as Managing Director and later Regional Director for East Africa with MultiChoice Africa Group companies.

 

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