Kindiki defends sale of stake in government agencies to fund major infrastructure projects

"We are at the tail end now of operationalizing the NIF.

The law is in place and we have seed money which is already with us for that Fund over Sh100 billion from the sale of the stake in Kenya Pipeline and another Sh245 billion from the sale of the stake in Safaricom and we are very happy with that progress.

I think our confidence levels as a country now on responding to the needs of the country on infrastructure, water, we have higher confidence than before and that Fund has been a game changer because for every shilling we will leverage 10 shillings on every shilling that we have on that Fund," Kindiki said. ...