Kiharu MP Ndindi Nyoro has accused senior State officials of secretly buying massive amounts of shares in Safaricom and Kenya Pipeline, raising concerns over transparency in ongoing public share sales.
Speaking to a group of young investors, Nyoro, who is himself a major shareholder in Kenya Power and Lighting Company (KPLC), claimed he has credible information that government insiders are acquiring state-owned shares while posing as foreign buyers.
“Stop with the lectures. We already know who you are, and we have the list. Soon, we will expose and shame you,” he warned.
Nyoro dismissed recent claims by President William Ruto that Uganda would acquire a significant portion of Kenya Pipeline shares, insisting that the real buyer is a wealthy Kenyan official, not a Ugandan. He accused the government of misleading the public under the guise of regional investors.
The lawmaker called for full transparency, saying the state should either open the sale to international investors or publicly acknowledge that insiders are protecting their own interests.
This comes shortly after President Ruto suggested selling State-owned shares, including Kenya Pipeline, as a way to stabilize the economy—comments that Nyoro says are now being contradicted by the actions of government insiders.
They are buying Safcom and Kenya Pipeline shares for themselves using foreign names. I have all the names – Ndindi Nyoro speaks Video/Courtesy pic.twitter.com/Co5CjQR1bm
— Chrispen Akali (@c_akali) January 28, 2026