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A huge number of the 300 state corporations will be shut down even as Prime Cabinet Secretary Musalia Mudavadi warns Kenyans to brace for tougher economic times ahead.
Mudavadi revealed that the closure of select parastatals was part of new austerity measures to be implemented by the Kenya Kwanza administration to turn around the country's economic fortunes.
"Going forward some painful decisions will have to be made. Some parastatals will have to be shut down. They will individually have to justify their existence and benefit to Kenyans," said Mudavadi.
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