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

Deputy President Kithure Kindiki has defended the government's decision to sell stakes in state-owned companies including Safaricom and Kenya Pipeline, stating funds will be channeled into the National Infrastructure Fund to finance key development projects. President William Ruto is continuing his advocacy for the new National Infrastructure Fund, aiming to bolster development across the country. Kindiki further announced that the fund aims to accelerate development projects across Kenya without relying on foreign loans. The government is also implementing reforms in the cooperative sector to strengthen protection of members' savings and restore public trust, with officials expressing confidence that these reforms will bolster the financial security of cooperative members.