Azimio la Umoja leader Raila Odinga has warned the Kenya Kwanza government against privatising the Kenya Pipeline Corporation (KPC).
Speaking on Tuesday, November 28 in Kisii County, Raila claimed that fuel prices will skyrocket if KPC is sold.
"They have announced their intention to sell government agencies, and among them is the Kenya Pipeline Corporation (KPC) and the National Oil Corporation.
“If the Kenya Pipeline Corporation falls into the hands of private individuals, the price of oil will skyrocket even a hundredfold. KPC is a strategic investment that should not be sold under any circumstances, but they want to sell it,” said Raila.
The opposition chief noted that he would speak in detail about the privatisation soon.
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The National Treasury on Monday unveiled the new privatisation programme that will see eleven parastatals put up for sale.
The parastatals include; Kenyatta International Convention Centre (KICC), Kenya Literature Bureau (KLB), National Oil Corporation (NOC), Kenya Seed Company Ltd, Mwea Rice Mills and Western Kenya Rice Mills Ltd.
Others are; Kenya Pipeline Corporation, New Kenya Cooperative Creameries, Kenya Vehicle Manufacturers Ltd, Rivatex East Africa Ltd and Numerical Machining Complex.
President Ruto on Thursday last week announced that his government was to privatise 35 state companies in a move to boost productivity following a change to laws.
The Head of State in October signed into law the Privatisation Bill, 2023 after being passed by the National Assembly in September.
