|
|
Kenya: ODM Calls for Protest Over Safaricom Sale
 |
 |
|||||||||
|
||||||||||
|
|
|||||||||
|
||||||||||
The Nation (Nairobi)
28 March 2008
Posted to the web 28 March 2008
Kenneth Ogosia And Caroline Wafula
Nairobi
ODM has called for protests Friday against the launch of Safaricom shares sales.
Secretary general Anyang' Nyong'o said Thursday Kenyans should say "NO to the theft of Safaricom at the Kenyatta International Conference Centre today. Stop the few tycoons from stealing from you through mysterious sale of Safaricom shares."
Prof Nyong'o said in a statement jointly signed by ODM treasurer Omingo Magara that those purchasing the shares would do so at their own risk. They said there are "serious illegalities and flouting of established legal procedures in the Safaricom IPO."
They said the Capital Markets Authority Act and Regulations together with the new privatisation Act 2005 provisions have not been complied with. The privatisation programme under Section 17 has been wholly ignored and there exists conflict of interest in the transactions by consultants and advisers, Prof Nyong'o said.
Collective responsibility
Elsewhere, ODM MPs were asked to raise their concerns over the sale of the Safaricom shares through Government channels.
Fafi MP Adan Sugow said Thursday ODM would soon be part of Government and that they must get used to the idea of collective responsibility. He said ODM leader Raila Odinga had access to President Kibaki and should address his concerns through the President.
"They should discuss their concerns with the Head of State. This is the greatest IPO in the region and a test on the Kenyan economy and it should not be undermined. It needs support from all leaders," he stated.
The Kanu MP said the party's concern over the Safaricom shares sale were pertinent but that the issues can be investigated without undermining the sale process.
He told a news conference at Parliament Buildings that the party was causing tension in the country.
|
The MP said Mr Odinga was now a national and not just a party leader and should hold talks with Government officials and his views respected.
The MP said ODM "should remember that they are now part of Government and should influence whatever change they want through their access to the Head of State.
ODM MPs should also know that Mr Odinga is no longer theirs alone but a national leader. All that remains is his installation," he stated.
| |||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Copyright © 2008 The Nation. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections -- or for permission to republish or make other authorized use of this material, click here. | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Make allAfrica.com your home page | RSS Feed | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Top | Site Guide | Who We Are | Advertising | Search | Subscribe | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Questions or Comments? Contact us. Read our Privacy Statement. | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
