11 State-owned parastatals to be sold to private investors

[Cortedivoire]

Kenya’s government can now privatise 11 State-owned firms after the High Court dismissed petitions challenging the privatisation plan.

The move unlocks the Sh600 billion strategy to fund infrastructure and support the national budget.

Here are the 11 State-owned firms targeted for privatisation:

— KPC
— National Oil
— New KCC
— Kenya Seed Company
— Kenya Literature Bureau
— Western Kenya Rice Mills
— Numerical Machining Complex
— Vehicle Manufacturers Ltd (35% stake)
— Rivatex East Africa
— Mwea Rice Mills
— KICC

 

[zapp_brannigan]

Kenya’s government can now privatise 11 State-owned firms after the High Court dismissed petitions challenging the privatisation plan.

The move unlocks the Sh600 billion strategy to fund infrastructure and support the national budget.

Here are the 11 State-owned firms targeted for privatisation:

— KPC
— National Oil
— New KCC
— Kenya Seed Company
— Kenya Literature Bureau
— Western Kenya Rice Mills
— Numerical Machining Complex
— Vehicle Manufacturers Ltd (35% stake)
— Rivatex East Africa
— Mwea Rice Mills
— KICC

Selling KICC but at the same time building Bomas .

Selling assets to finance stupid projects .