T
Originally published by The Standard BusinessAugust 19, 2025
4h ago
Parliament to have say on sale of State corporations

A new Bill, aimed at easing the process of selling part of the government's shareholding in state corporations, has proposed giving Parliament powers to oversee the process...
✨ Key Highlights
The Kenyan government is reversing its stance on the privatization of state-owned entities, proposing a new Bill that grants Parliament oversight powers. This follows the nullification of the Privatisation Act 2023 by the High Court, which had stripped the National Assembly of its scrutiny role.
- The Privatisation Bill 2025, sponsored by Leader of the Majority Party Kimani Ichung’wah, will require Parliament's approval for privatization programs within 60 days of receipt.
- The sale of a stake in the Kenya Pipeline Company (KPC) via an IPO at the Nairobi Securities Exchange is expected by the end of next month, subject to Parliamentary debate.
- Other entities slated for sale include the Kenya International Convention Centre (KICC), New Kenya Cooperative Creameries (New KCC), and Kenya Seed Company.
Continue Reading
Read the complete article from The Standard Business




