Business News

List of 26 state agencies set for privatization as the government seeks to raise revenue to run its affairs

Days after President Ruto threatened to fire senior officials of the Privatization Commission of Kenya, the agency has published a list of more than 26 state companies earmarked for privatization.

Top on the list is KenGen where govt has 70% shareholding, the Kenya Pipeline owned 100% by the government and the Kenya Meat Commission that recently started making huge profits after major renovations.

Three state owned banks – Consolidated Bank of Kenya, the National Bank of Kenya and the Development Bank of Kenya are also set to privatized where the government is set to sell its controlling stake to the private sector.

Apart from the energy sector other state agencies to be sold are in the hospitality and the agricultural sector – where government owned hotels and lodges as well as sugar factories are set to be sold.

Below is the full list; KenGen, Kenya Pipeline, Kenya Ports Authority – Eldoret Container Terminal, Kenya Ports Authority – Outsourcing Stevedoring Services, Kenya Ports Authority – Development Berths No 11-14, Chemelil Sugar Factory, South Nyanza Sugar Factory, Nzoia Sugar Factory, Miwani Sugar Factory and Muhoroni Sugar Factory.

Others are Kabarnet Hotel, Mt Elgon Lodge, Golf Hotel, Sunset Hotel, Kenya Safari Lodges and Hotels, KTDC associated companies, National Bank of Kenya, Consolidated Bank of Kenya, Development Bank of Kenya, Agri=o Chemicals and Food Corporation, Kenya Wine Agencies and East African Portland.

Profit making Kenya Meat Commission, New Cooperative Creameries, Numerical Machining and Isolated Power stations are also listed for privatization.

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