Opposition leaders nite to oppose Safaricom stake sale and new Infrastructure Bill

The top opposition leaders joined forces to condemn a government plan they claim threatens the country’s most valuable assets.

Led by Wiper Party leader Kalonzo Musyoka, alongside Rigathi Gachagua (DCP) and Eugene Wamalwa, the “United Opposition” issued a stern warning against the proposed National Infrastructure Fund Bill 2026 and the potential sell-off of government shares in Safaricom.

The leaders argue that the new Infrastructure Fund is a dangerous move that could bypass the Constitution.

According to Mr Musyoka, creating a separate fund for infrastructure risks moving public money away from the “Consolidated Fund,” which is the central pot overseen by Parliament. He warned that this could lead to a “shadow” financial system with zero accountability.

“Kenya’s infrastructure problems aren’t caused by a lack of institutions,” Musyoka told reporters. “They are caused by corruption and poor management. Adding a new layer to a broken system will only make things worse.”

The most heated part of the press conference centered on Safaricom. The opposition described the telecommunications giant as a “strategic national utility” that acts as the backbone of Kenya’s digital economy and mobile payments.

They argued that selling off the government’s stake to fix short-term budget gaps is a short-sighted move that sacrifices long-term public wealth.

In a sharp comparison, Musyoka likened the plan to a family selling its most productive farm just to pay for everyday household expenses.

The leaders pointed to the recent IPO of the Kenya Pipeline Company as a cautionary tale, claiming it lacked transparency and left the public with too many unanswered questions about pricing and investor selection.

As the government moves forward with its fiscal plans, the opposition has made its stance clear: they will fight these proposals both in Parliament and in the courts.

They called on Members of Parliament to stand up for their oversight role and demanded that the public be given a real say before the country’s “crown jewels” are put on the auction block.

For the United Opposition, the current situation isn’t just about money, it’s a “governance crisis” that requires transparency before any more national assets are sold.

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