Gideon Moi-led Kenya African National Union (Kanu) party has okayed a decision to sell its assets valued at Ksh1.3 billion to bankroll his 2022 presidential campaign.
Kanu’s national secretariat George Wainaina on Thursday said that all the assets to be sold have been earmarked.
Most of Kanu’s property set for sale is spread in Kiambu, Nairobi, Kisumu, Rift Valley and Mombasa.
Wainaina who doubles up as the Kanu chairman in Kiambu County said that this will be a big boost for Gideon as party operations will be bolstered.
“Our preliminary report shows that we have more than Ksh1.3 billion assets across the country which are sitting idle and have been misused for many years,” he told Nation.
He added: “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.”
Gideon who is the party leader has given a nod on this.
Once the assets are sold, the party will embark on a spirited campaign across the country to popularize it in the grassroot ahead of 2022.
With a presidential candidate in mind, Wainaina noted that it is important to have “a sustainable revenue stream”.
The party’s rental properties will, however, not be sold to ensure that there is constant cash flow.
Gideon who doubles up as the Baringo Senator is among leaders who have expressed interest in vying for the presidency in 2022.
He has been making inroads in Rift Valley, a region where he faces an uphill task in seeking votes due to Deputy President William Ruto’s political influence.
Ruto is also a top contender for the presidency in 2022.
