Privatisation plan sparks oversight fears

Cabinet Secretary for National Treasury and Economic Planning John Mbadi before The Standing Committee on Devolution and Intergovernmental Relations to deliberate on the commercial bank accounts operated by county governments contrary to the law at Bunge Towers, Parliament, Nairobi. July 17th,2025.[Elvis Ogina, Standard]

On November 21, 2025, the attention of all Kenyans was fixed on television, radio, and social media to hear President William Ruto’s State of the Nation address before Parliament.

They had earlier seen him at the State House signing a document, the now Government Owned Enterprises Act (GOE) of 2025, that would pave the way for an overhaul of government-owned corporations by centralising the shareholding function to the National Treasury and commercialising them.