Masinde Muliro University. [Photo/Standard Media]

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President Uhuru Kenyatta has appointed billionaire businessman Peter Muthoka as the Chancellor of the Masinde Muliro University.

In a special gazette notice, the Head of State stated that the appointment which took effect on Friday last week will be for a period of five years.

“In the exercise of the powers conferred to me by Section 38 (1) a of the Universities Act 2012, Laws of Kenya, I Uhuru Kenyatta, President of the Republic of Kenya and Commander in Chief of the Kenya Defence Forces appoints Peter Muthoka to be chancellor Masinde Muliro University of Science and Technology for a period of five years,” it stated.

Muthoka who is a life member of the Kenya Red Cross Society is the chairman of the Board of Fellows at the Kenya Institute of Management and chairman of the Old Mutual Asset Managers.

Earlier this year, the billionaire businessman donated 12 Jubilee branded cars, equipment, materials and a fleet of trucks that were used by aspirants for campaigns in the Ukambani region