Deputy President Kithure Kindiki has defended the government's partial privatization of select state-owned enterprises, saying the move is aimed at unlocking resources for national development. Kindiki confirmed that the government has raised about KSh345 billion from the sale of stakes in Kenya Pipeline Company and Safaricom PLC. He said the proceeds will serve as seed capital for the National Infrastructure Fund, which will finance major infrastructure projects and accelerate the country's socio-economic transformation.
