Junet backs sale of State's KPC, Safaricom shares

When Suna East MP Junet Mohamed hosted President William Ruto in Suna East. [Junet Mohamed, X]

Minority leader in the National Assembly, Junet Mohamed, has backed President William Ruto’s proposal to sell government shares in Safaricom and the Kenya Pipeline Company (KPC), arguing that the move is necessary to raise more than Sh300 billion to finance key development projects.

Speaking at Tabaita Location in Soin/Sigowet Constituency, Junet defended the plan, saying privatisation was not new in Kenya and had been undertaken by successive administrations to improve efficiency and raise capital.