×
App Icon
The Standard e-Paper
Join Thousands Daily
★★★★ - on Play Store
Download App

Looming job cuts; several parastatals to be merged or dissolved in IMF deal.

Treasury Cabinet Secretary Ukur Yatani. [File, Standard]

Kenya’s deal with the International Monetary Fund (IMF) will see about 20 State corporations put on the chopping board, with tens of thousands of civil servants at risk of being rendered jobless.

This is after the Washington-based institution commissioned the National Treasury to take a health check of the State-owned enterprises (SOEs) with the largest fiscal risks as part of the plan to restructure inefficient parastatals.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902