List of Govt Assets To Be Sold as Ruto Reveals Timeline To Raise 5 Trillion to Fund Singapore Dream

President William Ruto has announced ambitious plans by the government to raise Ksh5 trillion within a year through the divestiture of shares held in state-owned enterprises, a move aimed at financing development projects and supporting the national budget without increasing public debt.

Speaking on Friday during an engagement with graduate interns enrolled under the Affordable Housing Programme at State House, Nairobi, the President said the government would achieve the target by selling stakes in key parastatals, including the Kenya Pipeline Company (KPC).

Ruto noted that the divestiture process had already begun and expressed confidence that the funds could be raised within the projected timeline.

He said the strategy was part of a broader economic transformation agenda designed to strengthen public finances while reducing reliance on borrowing.

“The focus is on unlocking value from government assets to fund development sustainably,” the President said, adding that the initiative was driven by economic priorities rather than political considerations.

The announcement comes amid growing pressure on the government to manage rising debt levels and expand fiscal space to support development programmes, including housing, infrastructure, and job creation.

While details on the scope, valuation, and timelines of the proposed asset sales are yet to be made public, the plan signals a significant shift in how the government intends to finance its development agenda in the short term.