Surveyors oppose government plan to value state assets policy

Surveyors have protested and opposed plans by the government to come up with a new policy to value government assets...
✨ Key Highlights
The Institution of Surveyors of Kenya (ISK) has strongly opposed the government's proposed Draft Government Assets Valuation Policy, citing a lack of consultation and significant errors within the document. They argue the policy disregards existing laws and standards governing asset valuation in Kenya.
- The National Treasury called for public participation on the draft policy starting September 1.
- Eric Nyadimo, President of ISK, stated the policy "circumvents the Valuers Act CAP 532" and disregards standards like the Kenya Valuation Standards 2021.
- The ISK proposes a "total overhaul" of the policy and is considering legal action, stating the document is "flawed in its current form."
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