Langata MP Raila Odinga has been reported in the Press calling for a re-nationalisation of the stakes recently disposed of in government corporations.
His stance has been variously received in Kenya's media, but some questions have remained at the fore front of public discourse on the matter. First, was the Kisumu Mollases Plant a private entity or a public one? Second,what was Raila's contribution when the public assets disposal bill came before parliament ?
I am not saying the wanton public disposal seen in the recent past in Kenyan markets and the scheduled offload of these assets in 2007 , has been done in the best interest of Kenyans, neither am I supporting the methods used in their disposal.
But I have deep doubts about Raila's regard for Kenyans, his penchant for doublespeak , his duplicituous behaviour and his populist motives which betray little interest for Kenyans at their heart. Read for example his comments on the current sale of public assets as reported here.
His hypocrisy and duplicity come across through his failure to establish the clear similarity between the Rift Valley Railway cohort having among its number people related to President Kibaki's regime as in the Transcentury Group ;and Energem / Spectre International in the saga of the grossly undervalued Kisumu Molasses Plant (KMP) .
The way I see it , the claim by Raila that Kenyans are being robbed in the disposal of assets is purely hypocritical. Does he have the moral authority to comment about this issue? Where is Raila's credibility on this issue if we reflect back on how the KMP migrated from public to private hands.
Infact to strecth it bit further, the recent public assets disposal have at least been done in the open; the government's divestiture of the state's stake in Kengen was done on the open market and several retail investors were allocated ownership , as was the case with regard to Mumias Sugar Comapny. RVR 's privatisation was done with the stewardship of International Finance Corporation as transactional advisers. The whole arrangement was made public ,even though it was partly flawed. Turning to the KMP on the other hand, public assets , owned by the local population changed hands with barely a whisper in the national press. Who was the transaction advisor? Was any effort made to publicise the proceedings or did we just witness a sudden transfer of these valuable assets to the Odinga family the night before the KANU-NDP merger? It must be clear that it is only later that Energem and others were sold stakes in the company.
No bidding was done, no public valuation was disclosed but still Raila would have us believe this was not a robbery, that this,somehow, is different from the concessioning orKenya Railways.
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Raila may have committed his significant share of grabbing a slice of our national assets, but that sin in itself shoud not excuse legitimate criticisms from Raila being appreiated in their own value. In my opinion, the selling of an important national asset such as the Kengen, taking into consideration our nation's citizenry's standard of living and its inherent poverty related vulnerability, is potentially detrimental to the general citizens' wellbeing.
Whilst privatisation of public assets is argued to provide for better public services as one of its fundamental benefits, the same cannot be said to apply to a nation such as our Kenya, where the majority poor stand to suffer even more because of the consequential 'uncontrollable' rise in the cost and therefore affordability of the services so offered, making the same inaccessable!
Having said that and with due respect to your valuable comments my dear brothers, should we not, with the same zeal equal to criticising Raila, pay due attention to what the criticisms may hightlight forth without any biased and personalised limitations?
By the way, Hugo Chaves is well on his way towards re-nationalising Venezuela's electricity generation and telecommunication provisions! Expectedly, Venezuela's stock market bore the main shock and crumbled, but hold your horses if you will, Hugo's popularity amongst his people is exploding to the full!