Kenya targets Sh600bn from public asset sales to boost “first world” status, says Mbadi

National treasury cabinet secretary John Mbadi now says the government targets to raise at least 600 billion shillings from the sale of public entitites to jumpstart the country's journey to the quote, "first world status". Mbadi estimates that from the fractional sale of government's stake in Safaricom and the Kenya pipeline company will fetch upwards of 350 billion shillings, much of which will be invested in the yet to be established, national infrastructure fund limited liability company. The CS says the period to be taken to attain the desired status will depend on the collective commitment by Kenyans.