K
Originally published by Kenyans
📰 Read Full Article
top
December 10, 2025
1h ago

CS Mbadi Explains Why State Deals Cannot be Discussed Publicly Amid Sale of Govt Shares

CS Mbadi Explains Why State Deals Cannot be Discussed Publicly Amid Sale of Govt Shares

According to Mbadi, government negotiations with companies follow a structured process and cannot be publicly discussed before they officially begin...

✨ Key Highlights

National Treasury Cabinet Secretary John Mbadi explained that government deal negotiations cannot be publicly discussed before their official start due to the sensitivity of financial transactions and potential market instability. This statement comes amidst accusations from opposition leaders, including Rigathi Gachagua and Kalonzo Musyoka, regarding the lack of transparency in the sale of national assets.

  • Mbadi outlined a four-stage process for government transactions: Proposal Initiation, Oversight Stage by the National Assembly, Execution Stage, and Receiving, Proceedings and Reporting Stage.
  • Public communication and participation officially begin after an official offer is received and Cabinet approval is secured, followed by advertising from the National Assembly.
  • The National Assembly holds the final authority to approve or reject the transaction, and if approved, a detailed report is submitted to oversight bodies including the Auditor General and the Controller of Budget.

Continue Reading

Read the complete article from Kenyans

📰 Read Full Article
Advertisement