Democratic Party of Kenya leader Justin Muturi has called for transparency in transactions involving Kenya's strategic public assets. Speaking to residents of Changamwe, Mombasa County, Muturi questioned the reported valuation of Kenya Ports Authority (KPA) assets at KSh10 billion. He cited concerns that the investments cost taxpayers approximately KSh150 billion over 15 years.
Muturi, speaking on behalf of the Ukombozi Alliance, emphasized that strategic national assets were built with public resources, not for disposal without transparency or accountability. He mentioned investments like the LAPSSET corridor, Inland Container Depot in Embakasi, and Kilindini Terminal 2. Their economic and strategic value should be considered in decisions affecting ownership or management.
The Ukombozi Alliance warned investors, financial institutions, and commercial interests against participating in transactions involving public assets with allegations of undervaluation, fraud, or lack of transparency. Muturi stated that any transaction found to be fraudulent, unlawful, or structured to undermine Kenya's public interest would face scrutiny.
A future Ukombozi Alliance government would pursue legal avenues to review disputed transactions and seek reversal where justified by law. Muturi cautioned investors involved in questionable deals that political connections or a change of government would not shield them from scrutiny. Transactions found to involve wrongdoing could face investigations, legal challenges, and restitution.
The alliance's position is not opposed to investment but aims to ensure dealings involving public assets comply with the law and protect taxpayers' interests. Muturi emphasized that decisions concerning strategic national infrastructure must be guided by transparency, accountability, and protection of Kenya's economic interests.
The concerns centre on the reported KSh10 billion valuation, although the basis of the figure and transaction details were not provided. Verification from relevant authorities is required. The alliance seeks to ensure that Kenya's public wealth is not disposed of without transparency and accountability.
Muturi concluded that Kenya is not for sale, public wealth is not a private bounty, and no deal is above the law. The Ukombozi Alliance will prioritize protecting Kenya's economic interests and ensuring that transactions involving public assets are transparent and lawful.
Key points
- Justin Muturi demands transparency in transactions involving Kenya's strategic public assets.
- The Ukombozi Alliance warns investors against participating in transactions with allegations of undervaluation, fraud, or lack of transparency.
- A future Ukombozi Alliance government would pursue legal avenues to review disputed transactions and seek reversal where justified by law.
