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Privatisation is here with us again. This time it is to privatise sugar factories in Western Kenya, which are indebted to the tune of Sh59 billion.
In 1996, when the first major privatisation exercise was carried out, that of Kenya Airways, big monies were involved. At least Sh6 billion debt that the government had to write off from the books of account of Kenya Airways was indeed a lot of money; much more than what it would be today.
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