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Originally published by The Standard Business
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August 28, 2025
2h ago

Surveyors oppose government plan to value state assets policy

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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