Kenyan opposition leaders have urged Parliament to reject the Ministry of Finance's Infrastructure Bill, 2026 and halt the plan to sell government shares in Safaricom. They argue that the proposals threaten constitutional safeguards for public funds and strategic assets. They also call for an independent review and thorough assessment of assets before any action.
The United Opposition group has committed to opposing a bill proposing an infrastructure fund aimed at elevating Kenya to Singapore's standards. In a joint statement, opposition leaders have called on the National Assembly and its Finance and National Planning Committee to reject the bill entirely, along with Policy No. 3 of 2025, which seeks to reduce government ownership in the telecom firm Safaricom.
Safaricom operates the M-Pesa platform, which handles a significant portion of digital payments and government services in Kenya. The opposition has demanded an independent constitutional review of the fund proposal and a comprehensive assessment of strategic assets before any reduction in government shares.
Wiper Democratic Movement leader Kalonzo Musyoka described the proposed fund as a “solution that brings a problem.” He stated that Kenya's infrastructure gap stems not from a lack of financial mechanisms but from weaknesses in project implementation, corruption in procurement, and insufficient financial transparency. Additionally, Kenya already has over 60 public funds outside the National Treasury, many operating with low accountability standards.
The opposition maintains that these proposals endanger the constitutional protection of public finances and key national assets.