Kalonzo Faults Ruto Plans To Privatize Some State Firms
Wiper Party leader Kalonzo Musyoka has fault decision by the government to put up some state institutions.
Kalonzo claims that the planned privatization of some critical parastatals amounts to compromising the security of the nation in its plans to sell.
“You cannot privatize Kenya’s strategic installations. Privatizing institutions like Kenya Pipeline Corporation can threaten our country’s security. Why sell KICC which is the face of Kenya? We won’t keep quiet on this issue, we will tell Kenyans the truth,” said the Wiper Leader
President William Ruto said on Thursday that the government was poised to privatise 35 state companies and was looking at a further 100 firms after enacting a revised law last month to cut down on bureaucracy.
“We have identified the first 35 companies that we are going to offer to the private sector,” Ruto told a gathering of African stock market officials in Nairobi.
Speaking at a fundraising ceremony in Gem constituency, Kalonzo said the opposition reads mischief in the planned sale claiming the move might end up benefitting individuals at the expense of the country.
