Kindiki Defends Partial Sale of State Stakes for Infrastructure Fund - July 2026

Deputy President Kithure Kindiki has defended the government's decision to potentially sell stakes in state-owned companies including Safaricom and Kenya Pipeline, stating that funds generated from divestment of government shares will be channeled into the National Infrastructure Fund. President William Ruto is continuing his advocacy for this new fund, aiming to finance key development projects across Kenya without relying on foreign loans. The government is implementing reforms in the cooperative sector to strengthen protection of members' savings and restore public trust. These reforms are expected to bolster the financial security of cooperative members amid ongoing national challenges.