President Uhuru Kenyatta’s detractors, led by Deputy President William Ruto, have claimed that he covertly sold three Kenyan ports to the United Arab Emirates. The Treasury Cabinet Secretary, Ukur Yatani, has replied to these allegations (UAE).
Kenya Kwanza leaders charged Uhuru on Wednesday of selling the ports of Mombasa, Lamu, and Kisumu to an organization based in the United Arab Emirates in March.
In response, Yatani acknowledged that the ports had been sold but refuted Ruto and his entourage’s assertion that Uhuru had mortgaged the nation’s infrastructure.
Insisting that the state wouldn’t lose any of its assets, Yatani claimed that the deal was made to entice investors to the nation.
The CS added that instead of using its money to establish the ports, the state would profit from the jobs and taxes that the enterprises would probably create.
“The Kenyan government is luring investors into the nation and, by doing so, not only realizes greater revenue and employment prospects for its residents, but also doesn’t lose any of its assets or perks.
We have determined a number of sectors where we would work together, such as ports, railroads, and special economic zones. The government won’t invest any money in the project, but it will gain from the income and taxes collected, according to Yatani.