Deputy President Kithure Kindiki has defended the sale of stakes in government agencies to fund critical infrastructure projects, emphasizing that the proceeds will be channeled into the National Infrastructure Fund (NIF).The initiative aims to accelerate socio-economic transformation by addressing long-standing challenges like water and irrigation systems.

Kindiki highlighted that the NIF, already seeded with over Sh345 billion from stake sales in Kenya Pipeline and Safaricom, will leverage every shilling invested to generate tenfold returns.This approach avoids public debt and taxes while mobilizing private sector resources for public goods.Key sectors like roads, water, and agriculture will benefit, with Kenya targeting 100% water connectivity.

Kindiki stressed that without transforming agriculture and manufacturing, the country cannot advance economically, despite strengths in tourism and ICT.

The NIF's operationalization is on track, marking a significant shift in funding infrastructure development through innovative resource allocation.