Allegations Surface of Political Influence Over Kenya Pipeline Company Shares

Kiharu Member of Parliament Ndindi Nyoro alleged that President William Ruto used proxies to gain control of a 25% ownership stake in Kenya Pipeline Company. This claim follows a block trade on October 19 that moved 4.5 billion KPC shares, valued at roughly Ksh 42 billion, from state-owned entities to an undisclosed private investor. Nyoro further alleged that President William Ruto pressured the National Social Security Fund to purchase the shares and then instructed them to resell them to a private investor at a specific exit price.

The allegations suggest a potential strategic maneuver to shift control of a major state corporation, Kenya Pipeline Company, to benefit a private entity. This is linked by Nyoro to President William Ruto's interest in the Dangote East Africa Petroleum Refinery in Lamu, suggesting the transaction is part of a broader infrastructure strategy.