Bill proposes Authority to manage privatization of state entities
NAIROBI, Kenya, Aug 8 - A new Bill is recommending the establishment of a Privatization Authority to manage the privatization of state entities. The 2025 Kenya breaking news | Kenya news today |..
✨ Key Highlights
A new Bill submitted to the National Assembly proposes the creation of a Privatization Authority to manage the privatization of state entities in Kenya.
- The 2025 Privatization Bill grants the proposed Authority powers to advise the state, sign contracts, and handle divestiture plans.
- The Authority's Board will include a chairperson appointed by the President, the Principal Secretary, the Attorney-General, the Managing Director, and six other members appointed by the Cabinet Secretary.
- The Bill requires the Cabinet Secretary to formulate a Privatization Programme, which must be approved by the Cabinet and either approved or rejected by the National Assembly.
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Kenya's Economic and Trade Initiatives - August 2025
Kenya will host the 25th East African Community (EAC) Micro, Small and Medium Enterprises (MSME) Trade Fair in Nairobi from November 1 to 10. A National Organizing Committee has been launched to prepare for this annual event, which aims to strengthen regional trade ties and improve market access for small businesses. Complementing these efforts, the M-PESA Sokoni caravan concluded its county-wide tour of Nairobi, showcasing how digital finance is transforming the region and empowering local businesses by democratizing financial tools. Furthermore, a new Bill submitted to the National Assembly proposes the creation of a Privatization Authority to manage the privatization of state entities in Kenya, indicating a push towards more structured economic reforms.
