Dr. Miguna Differs With Ruto Over Privatisation law

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Thursday, March 23, 2023 –Canada-based Lawyer Miguna Miguna has faulted President William Ruto for signing into law the Bill on privatization of State corporations.

On Tuesday March 22, the national Cabinet agreed, through the Privatisation Bill, 2023, to allow Treasury Cabinet secretary to sell, at will, any Sate corporation. The CS will do this without the approval of the National Assembly as it is usually required by law.

The Approval meeting was attended by all newly-appointed Cabinet members and was chaired by President William Ruto.

But Lawyer Miguna who is a pro-Ruto member has come out with a different understanding of privatization subject.

“There is no responsible prosperous country in the world which doesn’t OWN and operate PUBLIC corporations. Selling off State Corporations when we can make them PROFITABLE is a mistake. Our priority should be the repatriation of trillions looted and public resources stashed abroad,”
Miguna started.

He went ahead to clarify that recovering the looted public funds is not a grueling exercise and can only take a few months to complete.

“It takes months for serious governments to locate and repatriate looted funds abroad. The problem with Kenyans like you is that you have normalized 60 years of plunder and a culture of impunity (the refusal to preserve public resources) as the natural state of things!” he added.

Some of the corporations that the government has earmarked for privatisation include Chemelil Sugar, South Nyanza Sugar, Kabarnet Hotel, Mt Elgon Lodge, Golf Hotel and Nzoia Sugar.

Others on this list are Miwani Sugar, Sunset Hotel Kisumu, Kenya Safari Lodges and Hotels, Consolidated Bank, Development Bank of Kenya, Agro-Chemical and Food Company, Kenya Wine Agencies, Kenya Meat Commission and public universities.