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Treasury takes control of State firms' privatisation in new rules

Treasury CS Njuguna Ndungu (right) and PS Julius Muia during a past presser. [Boniface Okendo, Standard]

The National Treasury will take the lead in the crafting and implementation of Kenya's plan to privatise scores of State-owned enterprises (SOEs) under new rules released for public participation on Tuesday.

The rules seek to cut through a thicket of outdated regulations and give the government tighter control of its ambitious privatisation drive.

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