Business & Economy3 stories
The National Assembly has invited the public to submit views on the government's plan to sell a 15 percent stake in Safaricom to raise Sh244.5 billion for infrastructure projects. Concurrently, the High Court has ordered the Kenyan government to pay approximately Sh24 billion to Kwale International Sugar Company Limited (KISCOL). This ruling is a result of a failed land deal and the state's inability to ensure the investor had quiet possession of the leased land. In a separate matter, industry stakeholders are urging the government to enforce regulations regarding local participation in the mining sector. This call stems from widespread non-compliance by mining companies, with the aim of ensuring more opportunities for Kenyan professionals.
