Safaricom: MP backs Kenya president’s ‘suspect’ decision to offload 15 per cent shareholding telecom giant

Safaricom: MP backs Kenya president’s ‘suspect’ decision to offload 15 per cent shareholding telecom giant

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Molo MP Kimani Kuria has defended government decision to sell 15 per cent of its shares at telecom giant Safaricom. Mr Kuria noted the money will be reinvested in infrastructure development to ease traffic besides opening up interior towns for investment.

Speaking at St Mary’s Catholic Church Molo, Kuria urged the public not to be deceived by the propagandists on the sale of Safaricom shares by the government noting that the deal is to cushion the tax ridden citizens against the road Levy tax.

“The decision by the government is to ensure development is going on as planned beside cushioning Kenyans from more taxes as already, they have been overstretched,” MP Kuria said.

He slammed the naysayers led by united opposition leaders for misleading the Kenyans that the government had sold all its shares at Safaricom terming it cheap politics.

“As a government we are only selling 15 per cent of our shares out of 35 per cent the government has at the telecom giant company. This money will help to develop modern infrastructures so as to expand trade,” he added.

The legislator lauded President William Ruto on the dualling of Rinoni-Mau Summit-Malaba Highway noting that it remains vital for trade in East African Community that imports goods through the port of Mombasa.

“We all know how Kenyans have been trying to beat the traffic snarl-up especially during the festive season, some being forced to spend their night on the road due to narrow roads. This is why the Kenya Kwanza government thought it wise to improve infrastructure either through Public-Private Partnership or through privatization of some parastatals to get funds for such projects,” the legislator reiterated.

“We can’t politicise everything, we must support some ideas which are meant to stir development and growth of the country,” Kuria added.

The legislator issued a clarion call to all legislators both in the broad-based government and united opposition to engage in mature politics which will not ignite disunity among Kenyans.

“As we do our politics, we must refrain from inciting Kenyans against each other. We, the political class are the main course of tribalism and disunity among Kenyans,” Kuria noted.

The legislator also disclosed plans are underway by the state to sell a part of shares at Kenya pipeline.

  • A Tell Media / KNA report / By Absalom Namwalo

Member of Parliament for Molo Constituency Kimani Kuria addressing the residents of Molo at St. Mary’s Catholic Church Molo.

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