Treasury CS Ukur Yatani has refuted claims by Kenya Kwanza leaders that President Uhuru Kenyatta had secretly sold three Kenyan Ports to the United Arab Emirates (UAE).
The Treasury CS confirmed the agreement’s existence in a press conference but refuted claims that Uhuru had mortgaged the nation’s infrastructure.
The leaders had asserted that the UAE had been given the contract to sell the ports of Mombasa, Lamu, and Kisumu in March 2022.
The team specifically asserted that President Uhuru had closed the contract for a Dubai-based business to take over management of the three ports.
“The Kenyan government is attracting investors into the country and by that not losing any of its assets or benefits but realise more revenue, employment opportunities for its citizens.
“We have identified various areas that we would collaborate on including ports, railways and special economic zones. The government will not use any money in the project but will benefit from the revenues earned and taxes generated,” Yatani told Citizen TV.
The CS also maintained that the agreement has not yet been finalised as it is still in its early stages of negotiations.
