MPs direct Treasury to dissolve nine parastatals and merge 42
KAA, KPA, KICC and Railways are among those set to be turned into commercial entities...
✨ Key Highlights
Kenyan Members of Parliament (MPs) have directed the National Treasury to dissolve nine State corporations and merge 42 others within the next eight months, by the end of October 2026.
- The directive urges the Cabinet Secretary for the National Treasury and Economic Planning, John Mbadi, to expedite the process as approved by the Cabinet on January 22, 2025.
- The affected parastatals include entities like the Kenya Tsetse Fly and Trypanosomiasis Eradication Council and the Kenya Film Classification Board.
- This move is part of fiscal consolidation efforts aimed at eliminating inefficiencies and reducing the financial strain on the national budget, underpinned by the recently assented to Government-Owned Enterprises Act, 2026.
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The Controller of Budget has clarified that Sh44.5 million in spending was mislabelled in a report concerning the Office of the Spouse of the Deputy President. The Kenya Revenue Authority has appointed Mohamed Abdul M'maka as the new Commissioner for Investigations and Enforcement, effective March 11, to combat financial crimes and tax evasion. Separately, Kenyan Members of Parliament have directed the National Treasury to dissolve nine State corporations and merge 42 others within the next eight months, by the end of October 2026.
