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Rogathi Gachagua: ‘There is No Need of Having Giant Firms Like Safaricom at The Expense of SMEs’

by Robert Mwangi
2 mins read

Deputy President William Ruto’s running mate and Mathira MP Rigathi Gachagua has revealed that the Kenya Kwanza will shift attention from big companies if it forms the government after the August 9 polls.

Speaking to Inooro FM this morning, Gachagua said having giants like Safaricom PLC making a lot money way not good for the economy.

He reiterated that Kenya Kwanza will pay more attention to Small and Medium Enterprises (SMEs) to grow the economy.

“Instead of having one bit corporate like Safaricom, we can invest in small businesses so that the number of Kenyans paying taxes is more. Their impact on the economy will be 30 times more as compared to one big firm,” he said.

He was, however, quick to clarify that this does not mean they will chase away big corporates.

Even so, he stated the government will stop pumping billions of shillings into the Kenya Airways.

“We cannot continue investing in loss-making companies like Kenya Airways. The reason why the airline does not make profits is because it is under State capture,” he said.

Safaricom is Kenya’s most profitable company.

Gachagua’s remarks have been politicised, with critics claiming that he meant that Kenya Kwanza will cripple it.

The Telco will be instrumental in the coming General Election, as it has partnered with the electoral commission and the Communication Authority of Kenya (CA) to help in the electronic transmission of presidential results.

After the last General Election, ODM leader Raila asked his supporters to boycott Safaricom, claiming that the company helped President Uhuru Kenyatta rig him out.

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