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.
Continue Reading
Read the complete article from Capital Business
Part of the Day's Coverage
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.
Kenya's news, briefed daily
Daily Briefs with audio, your topics, and breaking stories.
Take Kenya's news with you
Breaking stories, daily briefs, and the topics you follow - on your phone, free.
