Finance minister Amos Kimunya has officially resigned.
Kimunya is still addressing the press conference in his Treasury Office whereby he announced his resignation.
He said he had held consultations with the President, his family and constituents before deciding to resign although his conscious is clear.
Update 13h30 Local Time
In tendering his resignation, Kimunya has indicated that he is stepping aside to pave way for investigations into the controversial Grand Regency Hotel saga.
Just two days ago, Kimunya was quoted at a public rally saying "he would rather die than resign". Even as late as Monday evening, Kimunya was bold enough to repeat that he would not resign as he was being interviewed by Jeff Koinange on the K24 TV channel.
Today's press conference is therefore a significant departure from his stand just two days ago.