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Wiper Party leader Kalonzo Musyoka accused the Kenya Kwanza government of reckless debt management and covert attempts to privatize national assets, citing the country's escalating public debt. Concurrently, the National Assembly has initiated public participation for the government's plan to sell a 15% stake in Safaricom PLC, a move projected to raise Sh244.5 billion. This proposal is facing significant backlash over potential undervaluation and lack of transparency. In a related financial matter, the National Treasury has invited Kenyans to submit tax policy proposals for the 2026/2027 budget and Finance Bill 2026. This initiative aims to enhance public participation following protests over a previous finance bill in 2024.
Wiper Party leader Kalonzo Musyoka has raised alarms about Kenya's economic state, accusing the Kenya Kwanza government of reckless debt management and covert attempts to privatize national assets. His remarks were made during the launch of the People’s Audit Report in Nairobi on Monday, December 8, where he highlighted concerns over the country’s escalating public debt.
Summary & Analysis
The National Assembly has initiated public participation for the government's plan to sell a 15% stake in Safaricom PLC, a move projected to raise Sh244.5 billion but facing significant backlash over potential undervaluation and lack of transparency.
Summary & Analysis
The National Treasury has invited Kenyans and stakeholders to submit proposals for tax policy changes for the 2026/2027 national budget and Finance Bill 2026. This initiative, led by Cabinet Secretary John Mbadi, aims to enhance transparency and public participation in financial decisions, following 2024 protests over a previous finance bill.
Summary & Analysis
