Privatization Bill sails through Parliament despite opposition from some MPs
Parliament has passed the Privatization Bill 2025, which seeks to give a legal framework to guide the process of turning State corporations into commercial enterprises...
✨ Key Highlights
The Privatization Bill 2025 has been passed by Kenya's National Assembly, despite opposition from some Members of Parliament (MPs) regarding its hurried passage. The bill aims to provide a legal framework for converting State corporations into commercial enterprises.
- The Bill now awaits Presidential assent.
- Leader of Majority, Kimani Ichung'wah, affirmed that the Bill underwent public participation and ensures parliamentary approval for privatization proposals.
- The Bill ensures that funds from the sale of shares will go to the consolidated fund and protects State Corporations through the dilution of shares.
- Marsabit County MP Naomi Waqo described the Bill as “very relevant and timely,” anticipating positive transformations for the country.
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Privatization Bill Passed as Public Debt Hits Sh12 Trillion - October 2025
Kenya's public debt has now reached Sh12 trillion. This new figure was reached after the state borrowed an additional Sh95.5 billion in just five months. The significant increase highlights the growing financial burden on the nation. Concurrently, the Privatization Bill 2025 has been passed by Kenya's National Assembly. The bill aims to provide a legal framework for converting State corporations into commercial enterprises. Its passage occurred despite opposition from some Members of Parliament regarding its hurried nature.
