Muturi warns investors against questionable KPA deal, demands transparency

• Speaking to residents of Changamwe, Mombasa County, Muturi, who spoke on behalf of the Ukombozi Alliance, questioned the basis of the reported valuation and demanded transparency in any transactions involving the country’s strategic public assets.

Democratic Party of Kenya leader Justin Muturi has called on President William Ruto to explain the reported valuation of Kenya Ports Authority (KPA) assets at KSh10 billion, despite claims that the investments cost taxpayers approximately KSh150 billion over the past 15 years.

Speaking to residents of Changamwe, Mombasa County, Muturi, who spoke on behalf of the Ukombozi Alliance, questioned the basis of the reported valuation and demanded transparency in any transactions involving the country’s strategic public assets.

“These are strategic national assets built with public resources, not political property to be disposed of without transparency or accountability,” Muturi said.

He cited investments and infrastructure projects including the LAPSSET corridor, the Inland Container Depot in Embakasi, Kilindini Terminal 2, Kisumu Port and regional railway and logistics infrastructure, arguing that their economic and strategic value should be considered in any decisions affecting their ownership or management.

The Ukombozi Alliance warned investors, financial institutions and other commercial interests against participating in transactions involving public assets where allegations of undervaluation, fraud or a lack of transparency have been raised.

“Our warning to investors, financial institutions and commercial interests across all world capitals is unequivocal: Any transaction found to have been fraudulent, unlawful, or deliberately structured to undermine Kenya’s public interest will face the full scrutiny of the law,” Muturi said.

He added that a future Ukombozi Alliance government would pursue legal avenues to review disputed transactions and seek their reversal where justified by the law.

Muturi cautioned that investors involved in questionable deals should not assume that political connections or a change of government would shield them from scrutiny. He said transactions found to involve wrongdoing could face independent investigations, legal challenges and possible restitution.

The alliance said its position was not opposed to investment but was intended to ensure that dealings involving public assets complied with the law and protected taxpayers’ interests.

Muturi maintained that decisions concerning strategic national infrastructure must be guided by transparency, accountability and the protection of Kenya’s economic interests.

“Kenya is not for sale, public wealth is not a private bounty, and no deal is above the law,” he said.

The alliance’s concerns centre on the reported KSh10 billion valuation, although the basis of the figure and the details of the transaction were not provided in the remarks. The valuation and the allegations of possible undervaluation would require verification from the relevant authorities.