ODM Net Worth Hits Sh10.5 Billion

The Orange Democratic Movement (ODM) led by Raila Odinga has seen a slight increase in its net worth to Sh10.5 billion.

However, there has been a significant decrease in its surplus revenue, dropping by 61 per cent from Sh1.15 billion to Sh454 million compared to the previous year. According to the party's latest financial report, its wealth has grown from Sh10.04 billion to Sh10.5 billion as of June 2023. In the period between July 2022 and June 2023, the party received Sh31.3 million from public contributions and donations, a significant decline from the Sh322.1 million received in the preceding election year.

The opposition coalition's leading party obtained Sh240.5 million through the Political Parties Fund and Sh1.1 billion in accumulated arrears from the government. As a result, its cumulative revenue for the 2022/23 financial year stands at Sh1.37 billion, representing a significant reduction from the Sh2.164 billion generated in the financial year 2021/22. During the year, the party allocated a total sum of Sh108.5 million towards conferences and meetings, reflecting a rise from the Sh93.1 million expended in the previous year. ODM also incurred Sh610 million for other expenses.

For the 2022/23 financial year, the ODM party's campaign expenses amounted to Sh610.58 million, which was less than their spending of Sh688.7 million during the prior year. The net profit from that year came in at Sh454 million - a significant decline when compared to the net surplus of Sh1.15 billion the previous year.

According to a recent survey by TIFA, President William Ruto's UDA party is currently the most popular party in the country. The survey reveals that UDA's popularity level is twice that of Raila Odinga's ODM, with UDA at 34 per cent and ODM at 16 per cent. Jubilee comes in third place with three per cent.

The survey, conducted from September 8 to September 10, 2023, involved 1,007 respondents. Data was collected through telephone interviews with respondents whose contacts were acquired through previous face-to-face household-based interviews. The sample was spread across nine regions including Central Rift, Coast, Lower Eastern, Mt Kenya, Nairobi, Northern, Nyanza, South Rift, and Western, with a margin error of +/- 3.1%.