Maraga vows to sack loss-making parastatal chiefs if elected President

Former Chief Justice and now presidential hopeful David Maraga has revealed that he will not hesitate to fire heads of parastatals that are making losses should he become the president.

Maraga, who tore into President William Ruto's decision to sign eight Bills into laws, including the Privatisation Bill (2025), said national assets shouldn't be sold under the pretence that they're making losses.

"I will demand that the parastatal heads make them profitable or get out. National assets are supposed to earn government revenue," said Maraga.

Maraga was responding to a question posed to him by The Eastleigh Voice on what he'll do with the loss-making state entities now that he's against privatisation.

He gave the example of the Kenya Pipeline Company, which he said has not been making any losses but has been earmarked for privatisation.

"Kenya Pipeline Company is not one of the loss-making parastatals, but it's earmarked for sale. This is just a ploy to sell the country's strategic assets," said Maraga.

Ex-CJ David Maraga on the new Privatisation law: The new Privatisation Act gives the Treasury unchecked powers to sell public assets without adequate parliamentary oversight, paving the way for foreigners to take control of what belongs to the Kenyan people. pic.twitter.com/Hwbbb9rUXP

— The Eastleigh Voice (@Eastleighvoice) October 21, 2025

He accused Ruto of abetting unimaginable incompetence, warning that the country risks collapsing under greed and theft should Ruto not be voted out in the 2027 election.

The government has approved plans to privatise the Kenya Pipeline Company (KPC), opening the door for Kenyans to buy shares in one of the country's important state corporations in a bid to raise revenue and attract private sector investment.

According to a notice by the Privatisation Commission, the decision follows the Cabinet's approval of the privatisation method and subsequent endorsement by the National Assembly on October 1, 2025.

The Privatisation Commission stated that the Kenya Pipeline Company will be privatised through an Initial Public Offer (IPO) of shares on the Nairobi Securities Exchange (NSE), in line with the Privatisation Act, 2005.

The Commission, through its chairperson, Faisal Abass, noted that the process is expected to be completed by March 31, 2026, marking one of the largest privatisation deals in Kenya's recent history.

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Additionally, Abass explained that the exercise is part of government plans to unlock the potential of state-owned enterprises while raising funds for the 2025/2026 national budget.

''The privatisation presents a strategic opportunity to empower ordinary Kenyans to own a stake in a key national enterprise while enabling the government to raise funds for economic and social objectives,'' said Abass.

The Kenya Pipeline Company, incorporated in 1973 and operational since 1978, is responsible for transporting petroleum products, including petrol, diesel, jet fuel, and kerosene across Kenya and to regional neighbouring markets.

KPC plays a central role in supporting the economies of neighbouring countries, such as Uganda, Rwanda, the Democratic Republic of the Congo, northern Tanzania, Burundi, and South Sudan, by ensuring a steady supply of petroleum products, according to the government.

The company is currently fully owned by the government, with the National Treasury holding 99.9 per cent of shares and the Ministry of Energy and Petroleum owning the remaining 0.1 per cent.