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Originally published by The Standard Business
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August 19, 2025
4h ago

Parliament to have say on sale of State corporations

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.

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