Kalonzo Sounds Alarm on ‘Secret Sale’ of National Assets in Fiery People’s Audit Address
Kalonzo said Kenya is now witnessing efforts to dispose of critical national assets such as Safaricom shares, JKIA, and Kenya Pipeline, without transparency or public participation...
✨ Key Highlights
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.
- The national public debt has reached Ksh12.5 trillion, significantly impacting businesses and households.
- Musyoka specifically cited potential disposals of strategic assets like Safaricom shares, JKIA, and Kenya Pipeline without transparency.
- He proposed a five-point plan for fiscal stability, including transparent debt restructuring and reforms in procurement, to safeguard Kenya's national assets and promote accountability.
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Government Faces Scrutiny Over Safaricom Stake Sale and 2026 Finance Bill - December 2025
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.
