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How Kenya's parastatals may soon be behemoths

Kenya Industrial Estate (KIE) Managing Director Dr. Parmain ole Narikae (left) shows KIE Board chairperson Muthoni Kimani the awards they won. [Jenipher Wachie, Standard]

The Privatisation Bill 2023 targeting select parastatals for sale must be lauded for moving swiftly to identify and streamline weaknesses that have paralysed operations at the Privatisation Commission.

Stakeholders of organisations place varying demands upon key decisions before it. And whereas most are complimentary, others are in competition. Commercial enterprises will subordinate all other consideration in their quest to earn maximum returns of their investment for their shareholders and owners. They will frown upon attempts in providing continuity of employment whenever conflicted. Such is the challenge confronting the stalemate before the State and the Act would appear to have been crafted with the expediting-sale-outcome bias in mind. To stay agile, decisions must be timely, collaborative, trendy and financially efficiently.

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