Here’s a bold truth: Kenya’s economic future hinges on decisions that might seem tough today but could pave the way for lasting prosperity. Treasury and National Planning Cabinet Secretary John Mbadi recently made a compelling case for why the country must embrace bold economic reforms, even if they stir up controversy. But here’s where it gets controversial: Mbadi staunchly defended the government’s move to privatize select state corporations, arguing it’s not a quick fix for budget gaps but a strategic play for long-term growth. Speaking at a Homa Bay fundraiser, he stressed that sustainable development demands innovative—and sometimes unpopular—policies. “A nation’s progress relies on fresh ideas and pragmatic steps,” Mbadi said, acknowledging that such moves might face resistance initially but will ultimately benefit the country. And this is the part most people miss: He debunked the notion that privatization is a budget-balancing act, insisting it’s about fostering sustainable growth. To ensure transparency, Mbadi revealed plans for two new institutions: the Sovereign Wealth Fund and the National Infrastructure Fund, which will manage privatization proceeds exclusively for infrastructure projects—not salaries or recurrent expenses. He also promised a nationwide public engagement campaign to keep citizens informed. Here’s the kicker: Mbadi urged Kenyans to shift away from reliance on external lenders like the IMF and World Bank, calling for self-reliance in the face of global economic uncertainty. “We can’t depend on international financing anymore. It’s time to chart our own course,” he declared. On a community level, Mbadi pledged to uphold the legacy of ODM leader Raila Odinga, vowing to lead the Luo community forward. “I’m ready to carry Raila’s vision into the future,” he assured. Awendo MP Walter Owino backed Mbadi, praising his experience and vision as ideal for leadership. Now, here’s a thought-provoking question: Is privatization the right path for Kenya’s economic future, or could it lead to unintended consequences? Share your thoughts in the comments—let’s spark a constructive debate!
