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Originally published by Nation Business
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business
July 12, 2026
2h ago

MPs hand CS Mbadi October ultimatum on State parastatals

MPs hand CS Mbadi October ultimatum on State parastatals

Competitive hiring to replace political appointments...

✨ Key Highlights

Kenyan Members of Parliament have given National Treasury Cabinet Secretary John Mbadi an ultimatum of October 2026 to complete the dissolution, merger, or privatization of underperforming state parastatals.

  • The directive follows the enactment of the Government-Owned Enterprises (GOEs) Act in 2025, which aims to transform agencies into commercial enterprises.
  • The National Assembly Committee on Budget and Appropriations is pushing for this action to improve efficiency and resource management.
  • This initiative signals a significant governance reset, moving away from political appointments towards independent boards and competitive CEO selections for GOEs.

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