Raila condemns privatisation of State corporations

"The government wants to sell public companies to their own people. We are saying no."

In Summary
  • According to Cabinet, the sale of non-strategic, non-performing public entities will help improve the upgrade of infrastructure and the delivery of services to Kenyans.
  • Privatisation will also tame the demand for government resources and generate more funds to drive the government’s development agenda.
Azimio leader Raila Odinga speaking during a burial in Kisii on March 24, 2023.
Azimio leader Raila Odinga speaking during a burial in Kisii on March 24, 2023.
Image: ODM PARTY / FACEBOOK

Azimio leader Raila Odinga has condemned Cabinet's move to give Treasury CS Njuguna Ndung'u powers to privatise state corporations.

The Cabinet approved the Privatisation Bill, 2023 which will repeal the Privatisation Act of 2005.

Raila said the privatisation process did not follow due diligence as it never went through Parliament.

"On the other hand, they want to sell government enterprises without passing through Parliament. The government wants to sell public companies to their own people. We are saying no," Raila said.

He spoke on Friday when he attended a burial ceremony in Kisii County.

Raila said that the government cannot sell public properties without  Parliament's approval.

The Azimio leader further criticised the appointment of the 50 Chief Administrative Secretaries without vetting by Parliament.

"The work of the Parliament is vetting. You cannot take up the role of Parliament and do it yourself," Raila said.

President William Ruto on Wednesday appointed the 50 CASs after National Assembly Speaker wrote back saying there is no law that requires Parliament to vet the officers. 

On the privatisation of the State corporations, Cabinet said the sale of non-strategic, non-performing public entities will help improve the upgrade of infrastructure and the delivery of services to Kenyans.

The cabinet said the privatisation will also tame the demand for government resources and generate more funds to drive the government’s development agenda.

The Cabinet also granted approval for the government to pursue a negotiated commercial settlement for the Commercial Contracts and Financing Agreements for the Arror, Kimwarer and Itare Dams.

It further allowed the National Treasury to engage the Director of Public Prosecutions and provide the relevant information on the public interest implications arising from the huge financial exposure of the government.

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