Today's Headlines
- Two Exhibitions Are On At Ramoma, Nairobi
- Country to Review Tourism Law
- Econet Wireless Finally Rolls Out
- Odinga Warns of Civil Unrest
- Mulee Rules Out Harambee Stars U-Turn
- Taking Up a Women's Agenda
- More Than 6,000 Christian Youth Converge for Prayers
- Catholic Church Outraged By MPs' Refusal to Pay Tax
- Pope Benedict Praying for Release of Abducted Nuns
- Thousands Flee Amid Fears of Border Clashes
- Malaria Rates Plummet Among Children
- Winning Against HIV Stigma Behind Bars
- First Congress of Federation of African Journalists a Historic Milestone, Says IFJ
- Archbishop Lele Urges State to Act as Food Crisis Bites
- Regional Workshop Focus Border Management, Irregular Migration
- Silverbird Acquires Kenya's Nu Metro, Starts Operations in Ghana
- Raila is Evil, Says Minister
- Man Charged With Abduction of Two Catholic Sisters
- UN Censures State On Torture
- Agencies Seek $390 Million to Offset Climate And Food Risks
- UN-Backed Scheme Gives 3,000 Prisoners Clean Water and Sanitation
- Samosa Festival is On in Nairobi
- Heartstrings in Another Comedy
- Govts, Investors Engage RVR in Rail Bid
- Mwangi Replaces Mwebesa At NSE
- Riepa Hosts Business Association
- ICTR Petitions UN for Arrest of Kabuga
- UBA to Invest SH360 Billion in Kenya
- Free Movement of People Too, Not Just Goods and Capital
- Judges Running Out of Money?
The Nation (Nairobi)
October 9, 2008
News Article
The Government is not involved in "mindless privatisation of strategic parastatals."
Internal security assistant minister Simeon Lesirma said in Parliament on Wednesday that the Government off loaded its shares in Safaricom and in Telekom Kenya to local and foreign investors in line with the law.
But Dr Boni Khalwale (Ikolomani, New Ford-K), accused the Government of compromising the country's security by selling its shares to foreigners in the telephony sector.
Asked the Ikolomani MP, who is also the chairman of the Parliamentary Accounts Committee said: "This Government is involved in mindless privatisation. What was so difficult about amending the laws before privatising Telekom and selling its shares in Safaricom?"
It was at that point that the cornered assistant minister requested the Speaker, Mr Kenneth Marende, to have the question passed over to his Information and Communication counterpart saying they were best placed to deal with the controversial issue. The question was then differed to next week.
Earlier, Mr Lesirma had said he was aware the Government had sold 51 per cent of its shares in Telkom to France Telekom, a strategic partner.
Said the assistant minister:"This was done with the understanding that the investor would offload 11 per cent of its shareholding through an initial public offering during the planned Phase II of the Telekom restructuring.
Mr Lesirma said that during the IPO, the Government would sell a further 19 per cent of its shareholding to the public and five per cent to Telekom Kenya employees.


