Kindiki says Govt asset sales will not fund recurrent expenditure

Kindiki said the money would be ring-fenced for development projects...

✨ Key Highlights

Deputy President Kithure Kindiki has pledged that proceeds from the sale of government assets will be strictly allocated to infrastructure development, not recurrent expenditure.

The recent sale of the government's 15 percent stake in Safaricom to South Africa’s Vodacom for over Sh200 billion will be invested in the National Infrastructure Fund (NIF).
This contrasts with past asset sales where funds were reportedly used for recurrent costs or lacked clear accountability.
The sale, which increased Vodafone Kenya Limited's stake to 55 percent, marks a significant step in the government's asset monetisation program.

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