Mbadi Responds to Ndindi Nyoro Over KPC Shares, Insists Sale Process Is Transparent

National Treasury Cabinet Secretary John Mbadi has responded to Kiharu Member of Parliament Ndindi Nyoro over claims surrounding the proposed sale of shares in the Kenya Pipeline Company (KPC), dismissing the legislator’s concerns and insisting that the process is transparent.

Mbadi criticised Nyoro for what he described as the politicisation of the matter, maintaining that decisions involving the management and investment of public assets should be discussed based on facts rather than political threats and speculation.

The Treasury CS emphasised that the process of acquiring or selling KPC shares should be understood within the established procedures governing the company and the government’s investment decisions.

His remarks come after Nyoro raised concerns over alleged plans involving the sale of KPC shares to a private investor, questioning the government’s intentions and warning about the potential implications for public ownership.

The Kiharu MP has expressed concerns about how state-owned assets are being handled under President William Ruto’s administration, suggesting that the reported developments could have significant implications for the future ownership and management of the strategic petroleum infrastructure company.

Nyoro’s remarks have generated debate over the government’s approach to managing public investments and the potential role of private investors in strategic state-linked enterprises.

However, Mbadi has maintained that the KPC share transaction is being handled transparently, pushing back against suggestions that the process should be viewed as suspicious or politically motivated.

The exchange is likely to intensify scrutiny of the government’s plans for KPC, particularly as Kenyans continue to demand accountability and clarity over decisions involving public resources.

The Kenya Pipeline Company plays a crucial role in transporting petroleum products across the country and supporting fuel distribution within Kenya and the wider region. Its operations make it a strategic asset in the country’s energy sector.

Consequently, any proposed changes to its shareholding structure are likely to attract public attention, especially regarding the protection of national interests and the value of government investments.

The latest exchange between Mbadi and Nyoro highlights growing political differences over the management of public assets and the government’s economic decisions.

As the debate continues, Kenyans will be keen to see official details of the proposed transaction, including the terms of the share sale, the identity of potential investors and the safeguards in place to protect public interests.

https://www.facebook.com/share/v/1MAb7DNcJa/

NEWS_Master feedback-opera-news-app@opera.com