ICT Cabinet Secretary Eliud Owalo denied claims that Kenya Broadcasting Corporation (KBC) would lose some of its assets through privatization.
Addressing editors on Saturday December 2, Owalo clarified that all KBC assets will be used to generate value for the media house.
“On government using it, we will consider public/private partnership, a mutually beneficial arrangement for example using some of the unutilised KBC lands for affordable housing project,” he said.
Owalo argued that national broadcaster should not have idling lands and yet they can make money out of it.
“It does not make sense to be in a position of large trucks of land while facing challenges. The arrangements that we are looking at are private partnerships to benefit both parties. No one is taking over KBC lands. It is even defined in the frameworks,” he said.
He however announced an audit of KBC assets to monetize them and ensure that the money does not get into the wrong pockets.
“For example let’s say a property whose lease is worth a million per month but it has been leased at Ksh50,000, do the difference and you will realise that it goes to people’s pockets,” he said.
Owalo said where assets have been leased out to individuals, there should be a thorough audit done.
