CS Mbadi says timelines to Singapore dependent on Kenyans’ commitment

CS Mbadi says timelines to Singapore dependent on Kenyans’ commitment..

✨ Key Highlights

Kenya's National Treasury and Economic Planning Cabinet Secretary (CS) John Mbadi stated that achieving the nation's ambitious first-world status, aiming for a 10-year target set by President William Ruto, hinges on the collective commitment of Kenyans. The government plans to raise over Ksh.600 billion through privatization efforts to fund this vision.

CS Mbadi indicated that the government is targeting a total of Ksh.600 billion from the privatization and divestment of public assets.
The National Infrastructure Fund (NIF) and the Sovereign Wealth Fund (SWF) will be the financial mechanisms for this project.
Mbadi specifically mentioned plans to raise Ksh.350 billion from the privatization of Safaricom and Kenya Pipeline Corporation (KPC) shares.

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