I'm ready for consequences over parastatals sale – Ruto - video Dailymotion

The Star Kenya

President Ruto has said there’s no turning back on the govt’s plans to privatise state-owned parastatals. Ruto said the move is part of the strategy to save the country billions of shillings which are gobbled up annually by non-performing state entities. https://bit.ly/3RF1Zed

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00:00 We are also going to save public money.

00:11 We are spending billions of shillings sustaining companies.

00:17 We have 350 public companies, public entities.

00:28 We are supporting companies that just take money from the budget.

00:32 We are supporting them.

00:34 Billions of shillings.

00:36 Some of them you ask, "What is this one doing?"

00:39 Nobody can tell you what the hell it is doing.

00:42 But we are putting in 100 million, 200 million, 500 million every year.

00:47 So some of those things we are going to make a decision.

00:52 And by the way, very interesting.

00:56 A report was already done.

00:59 A whole report saying these companies, about 150, should be removed.

01:06 What they are doing can be done by the private sector.

01:08 In fact, sell some of these companies to the private sector.

01:11 The private sector will give us more value out of them.

01:17 Yeah?

01:19 Some of them divest.

01:22 But the report has been here now 10 years.

01:28 Because it's a very difficult decision to make.

01:32 But I will make the decision.

01:34 I promise you.

01:37 I will make the decision and take the consequences.

01:41 Because Kenya must move.

01:43 Yes, if we know what the right thing is.

01:47 My friends, you can never go wrong by doing the right thing.

01:50 How can you go wrong by doing the right thing?

01:54 So we are going to make those decisions because --

01:57 and I am talking to you as members of our diaspora --

02:03 because we must change Kenya.

02:06 [end]

I'm ready for consequences over parastatals sale – Ruto

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