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Originally published by Capital Business
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business
August 8, 2025
1d ago

Bill proposes Authority to manage privatization of state entities

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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