Treasury's plan to steer privatisation welcome

When former Treasury CS Ukur Yattani with other officials paused for a photo outside the Treasury Building before heading to Parliament to present the 2021/2022 budget. [Jonah Onyango, Standard]

The announcement that the National Treasury will take the lead in the crafting and implementating Kenya's plan to privatise scores of State-owned enterprises is highly welcome.

New draft rules released for public participation indicate the government plans to replace the Privatisation Commission with a Privatisation Authority that it hopes will streamline the process of selling the public corporations. The rules propose that the National Treasury Cabinet Secretary be in charge of the process, including guiding the policy and implementation of the privatisation, and cutting the number of board members from 11 to nine.