Parliament to have no say on privatization of state corporations

October 17, 2023 14

President William Ruto has signed into law the Privatisation Bill, 2023 after being passed by the National Assembly in September.

The bill, sponsored by Majority Leader Kimani Ichung’wah, entails a revised regulatory framework for the privatisation of public entities aiming to improve the efficiency and competitiveness of Kenya’s productive resources.

“It is intended to remove the bureaucratic processes in the privatization of non-strategic or loss-making government entities,” reads a report from the National Assembly.