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MPs Direct Treasury to Dissolve Nine Parastatals and Merge 42
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. This directive represents a major overhaul of government-owned entities. At the same time, 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, Head of Public Service Felix Koskei highlighted significant governance and management weaknesses in Kenyan schools, warning that poor oversight and resource mismanagement threaten accountability in the education sector when addressing over 50,000 school heads, deputies, and education officials.
Govt Eyes Local Edible Oil Supply Through Sunflower, Soybean Farming
The Kenyan government has launched a new initiative to boost local production of sunflower and soybean oil, aiming to significantly reduce the country's substantial import bill. President William Ruto has overseen the disbursement of a Sh250 million credit facility from the Kenya Development Corporation to Trans Elite County SACCO, aiming to significantly expand access to credit for over 10,000 micro, small, and medium enterprises in the North Rift region. Meanwhile, the International Energy Agency reports the global oil market is experiencing its largest supply disruption ever due to the escalating Middle East conflict.
