By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Newsunplug KenyaNewsunplug KenyaNewsunplug Kenya
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Reading: Senator Sifuna says referendum was needed before proposed privatization of national assets
Share
Notification Show More
Font ResizerAa
Newsunplug KenyaNewsunplug Kenya
Font ResizerAa
  • News
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Newsunplug Kenya > Blog > News > Senator Sifuna says referendum was needed before proposed privatization of national assets
News

Senator Sifuna says referendum was needed before proposed privatization of national assets

new5nuke
Last updated: November 29, 2023 10:07 am
new5nuke 2 years ago
Share
SHARE

Nairobi Senator Edwin Sifuna has said that a referendum should have been held before the proposed sale of government parastatals such as the Kenyatta International Convention Centre (KICC) and the Kenya Pipeline Company (KPC).

Sifuna argued that such decisions should not be made solely by leaders, asserting that he was against allowing politicians to dispose of the nation’s assets without consulting the people.

“If ever there was a matter over which a referendum was mandatory then it’s the sale of National Assets like KICC, KPC and the others. One generation of greedy leaders cannot just strip a Nation of its assets without reference to the people,” said Sifuna.

The Senator went on to suggest that the next generation, represented by children, should also have a say in the matter.

“On this one even our children should vote because KICC is not even our property as the current generation of adults!” he said.

Sifuna’s remarks follow a public notice from the National Treasury and Economic Planning Ministry on Monday, November 27, proposing the privatization of KICC and KPC, among other entities.

READ MORE  Fertilizer will remain available for purchase at Sh2,500. Ruto

The ministry argued that the move would generate additional government revenue and reduce the demand for public resources.

Moreover, the Ministry justified the proposal under the Privatisation Act 2023 Section 21 (1), which empowers the Treasury Cabinet Secretary to identify entities for the Privatisation Programme.

In addition to KICC and KPC, other parastatals listed for privatization in the 2023 program include New Kenya Cooperative Creameries (KCC), Kenya Literature Bureau (KLB), National Oil Corporation of Kenya (NOCK), Kenya Seed Company Limited (KSC), Mwea Rice Mills Ltd (MRM), Western Kenya Rice Mills Ltd (WKRM), Numerical Machining Complex Limited (NMC), 35% of Vehicle Manufacturers Limited (KVM), and Rivatex East Africa Limited (REAL).

You Might Also Like

Members of Parliament Guaranteed Safety Following “Traumatic Events of June 25”

With Kenyans facing increased taxes, all eyes are on the MPs

Eugene Wamalwa accuses Ruto of doublespeak following his remark about a private jet

Chocolate Factory Pumps Out Stock At Frantic Pace To Meet The Easter Weekend Demand

As the switch to Grade 9 draws closer, the state is in a race against time.

Share This Article
Facebook Twitter Email Print
Previous Article Police officer kills wife, leaves body in the house and goes to work
Next Article Woman arraigned for breach of peace after she killed her mother’s four chickens and threatened to set herself ablaze
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

about us

We influence 20 million users and is the number one business and technology news network on the planet.

Recent Posts

  • Paris Saint-Germain beats Real Madrid in the race to sign the precious gem!
  • Sakaja defends clampdown on property owners over unpaid land rates
  • Man Utd captain Fernandes rejects Al-Hilal move
  • GG Kariuki’s widow Gladys Wairimu dies at 80
  • Rose Njeri released on Ksh.100,000 bond

Recent Comments

No comments to show.
Newsunplug KenyaNewsunplug Kenya
© Newsunplug Kenya. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?