Tread carefully on privatisation of state corporations

KICC is among entities listed by the government in a move to sell off several state corporations to reduce public expenditure and do away with loss-making firms. [Samson Wire, Standard]

The government has announced advanced plans to sell off several state corporations to reduce public expenditure and do away with loss-making firms. The privatisation programme seeks to enhance government efficiency and provide value for money to Kenyans and the taxpayers.

On Monday, the government lined up eleven more public entities for sale including the Kenyatta International Conference Centre (KICC) and the cash-rich National Oil and Kenya Pipeline Company (KPC).