Aaron Cheruiyot Challenges Ndindi Nyoro Over KPC Shares and Dangote Deal

Senate Majority Leader Aaron Cheruiyot has criticised Kiharu Member of Parliament Ndindi Nyoro over his position on the privatisation of Kenya Pipeline Company (KPC) and the proposed acquisition of shares by Nigerian billionaire Aliko Dangote.

In his statement, Cheruiyot questioned Nyoro’s earlier criticism of the KPC share pricing and the privatisation process, arguing that the legislator’s latest position appeared inconsistent with his previous remarks.

Cheruiyot recalled that Nyoro had reportedly described the company’s shares as overpriced at KSh9 per share and suggested that their market value could decline. He also challenged the privatisation process, arguing that it was questionable because other public entities ended up purchasing the government’s stake.

However, Cheruiyot now argues that the reported prospect of Dangote purchasing shares at KSh9.36 raises questions about the earlier criticism. According to the senator, the difference between the two prices could translate into a profit of approximately KSh1.6 billion for public entities within six months.

He questioned why Nyoro would continue criticising the transaction if the higher price could deliver financial gains to the participating public institutions.

The senator also cautioned against what he described as attempts to mislead Kenyans through political statements about the deal. He maintained that the financial figures should remain central to discussions about the transaction rather than allegations and political disagreements.

Cheruiyot further portrayed Dangote as an experienced businessman who has operated in challenging commercial environments, arguing that he should not be treated as an ordinary investor who can easily be manipulated by powerful business interests.

His remarks add to the debate surrounding the proposed privatisation of state-owned enterprises, the participation of public institutions in share purchases and the potential involvement of private investors in strategic national assets.

However, the figures cited by Cheruiyot and the details of the proposed transaction require verification against official financial disclosures and relevant transaction documents. The senator’s criticism also represents his position in the ongoing disagreement, while Nyoro’s response would provide additional context to the dispute.

As the debate continues, Kenyans will be watching how the KPC transaction unfolds and whether the anticipated financial benefits materialise.

What is your view on Aaron Cheruiyot’s criticism of Ndindi Nyoro over the KPC shares and the proposed Dangote deal? Share your remarks, views and comments in the comment section below.