Members of Parliament have expressed reservations about President William Ruto's proposal to privatize the Kenya Pipeline Company (KPC), a move projected to generate Ksh 120 billion for the government. Lawmakers urged the government to focus on curbing public fund wastage rather than selling off strategic state corporations.

• The proposed privatization of KPC could earn the government Ksh 120 billion.
• Treasury Cabinet Secretary John Mbadi defended the privatization as essential for budget implementation and avoiding tax increases.
• The Cabinet approved the move on Tuesday, July 29, to list KPC on the Nairobi Securities Exchange (NSE).