I will make the decision and take the consequences – Ruto Vows to Sell KICC, 10 Other State Corporations amid Public Uproar

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I will make the decision and take the consequences – Ruto Vows to Sell KICC, 10 Other State Corporations amid Public Uproar

President William Ruto has restated his dedication to proceeding with the sale of state corporations outlined in the privatization legislation.

Ruto expressed his willingness to accept the repercussions of his decisions, emphasizing that prioritizing the privatization of state-owned enterprises would be more beneficial for the nation.

“A report was already done saying about 150 companies should be removed. What they are doing can be done by the private sector. The private sector can give us more value out of them. Some of them divest. For 10 years now, it has been a very difficult decision to make, but I will do it. I promise you. I will make the decision and take the consequences,” said Ruto.

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During his involvement in the formal commencement of the second annual Kenya Diaspora Investment Conference (KDIC) at the Kenyatta International Convention Centre (KICC) on December 13, 2023, the president asserted that the decision to sell state entities is not an incorrect choice.

“You cannot go wrong by doing the right thing,” he asserted.

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The government had identified the Kenyatta International Convention Centre (KICC), New Kenya Cooperative Creameries (New KCC), Kenya Pipeline Company (KPC), Kenya Literature Bureau, National Oil Corporation, Kenya Seed Company, Mwea Rice Mills, Western Kenya Rice Mills, Kenya Vehicle Manufacturers Rivatex, and Numerical Machining Complex for the privatization process.

His resolute stance comes in the midst of public outcry urging the preservation of the state-owned assets.

Kenyans, led by Nairobi senator Edwin Sifuna, emphasized that the sale of KICC should only be contemplated following a public referendum.

“If ever there was a matter over which a referendum was mandatory, then it was the sale of national assets like KICC, KPC, and others. On this one, even our children should vote because KICC is not even our property as the current generation of adults!” stated Sifuna.

“Privatising KICC is sacrilegious… It’s like the US selling the Statue of Liberty, the UK selling Big Ben or France selling the Eiffel Tower … There are national jewels that not even economic collapse is a reason to sell. GoK must remove KICC from the state corporations to be sold,” said Lawyer Donald Kipkorir.

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In November, the High Court also halted the process, citing substantial constitutional and legal concerns of significant public importance that necessitate thorough examination and consideration by the court.

“A conservatory order is hereby issued suspending implementation of section 21(1) of the Privatisation Act 2023 and or any decisions made pursuant to that section, until February 6, 2024, given under my hand and seal of the Honourable Court this 4th Day of December 2023,” Mwita directed.

In Other News: Alfred Keter Mocks Ruto’s Remarks that Kenya Won’t Be The Same in 10 Years

I will make the decision and take the consequences – Ruto Vows to Sell KICC, 10 Other State Corporations amid Public Uproar

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