Speaking on Sunday during a church service in Nairobi, Gachagua said the government was disposing of institutions that generate steady income for the country, warning that the trend could weaken Kenya’s economic future if left unchecked.
According to Gachagua, the recent sale of government shares in Safaricom raised serious concerns.
He argued that the move was rushed and failed to reflect the real value of the telecommunications giant, which he described as one of the country’s most reliable revenue earners.
“Safaricom brings billions of shillings to the country every year,” Gachagua said. “Selling such an asset at a low price is not just bad business, it is a loss for Kenyans.”
He claimed the shares were sold far below their actual market value, arguing that the country could lose hundreds of billions of shillings in the long run due to undervaluation.
The former deputy president also faulted the government for what he described as failure to conduct public participation, saying Kenyans were not consulted before the decision was made.
He noted that the law requires citizens to be involved when major public assets are being sold or transferred.
“This cannot be done quietly,” he said.
“These assets belong to the people.”
To explain his point, Gachagua used a simple analogy, comparing the situation to a family selling its only cow that provides daily milk, just to meet short-term needs.
He warned that once such productive assets are gone, the country risks losing long-term stability.
Beyond Safaricom, Gachagua claimed that several other state-owned entities had either been sold or were in danger of being disposed of.
He mentioned infrastructure and transport institutions as part of what he termed a worrying pattern.
“We are reaching a point where everything that works is being sold,” he said, adding that Kenyans should be alert to decisions being made in their name.
In his strongest remarks, Gachagua accused the current leadership of treating national resources as disposable, claiming that if the trend continues, ordinary citizens would bear the cost through higher taxes and fewer public services.
He ended his address with a call to action, urging Kenyans to defend public assets and demand accountability from leaders.
“This country must be protected,” Gachagua said. “What belongs to the people should remain with the people.”
