- Secretary of Kanu’s National secretariat and Kiambu Kanu chairman Mr George Wainaina, says the money raised will help strengthen the party operations.
- Most of the properties up for sale, Mr Wainaina said, are in Nairobi, Kiambu, Kisumu, Mombasa and in the Rift Valley.
- Senator Gideon Moi will not sell the rental premises because they generate revenue for the party.
The Kenya African National Union (Kanu) is planning to sell its assets worth sh 1.3 billion in order to raise funds ahead of the 2022 election campaigns. The party said on Thursday that it has earmarked its valuable assets for sale to boost its financial status.
Mr George Wainaina, who is the secretary of Kanu’s national secretariat and Kiambu Kanu chairman, said the money raised will help strengthen the party operations.
Most of the properties up for sale, Mr Wainaina said, are in Nairobi, Kiambu, Kisumu, Mombasa and in the Rift Valley.
“Our preliminary report shows that we have more than Sh1.3 billion assets across the country which are sitting idle and have been misused for many years.
“They include houses and prime plots. We have appointed an agent who will sell the property on our behalf. We will use the money generated to strengthen our party operations,” Mr Wainaina said.
He added that the party is recruiting new members because it will field a presidential candidate in the 2022 elections.
“For this to be achieved, we have to create a sustainable revenue stream,” he said.
Mr Wainaina said the decision to dispose of some of the party’s assets was endorsed by Kanu chairman Gideon Moi.
He clarified that rental premises will not be sold because they generate revenue for the party.