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Inside Sh400b austerity plan for ailing parastatals

However, IMF indicated that last August's General Election caused some delays in the reform agenda, particularly reducing taxpayers' support of ailing parastatals. "Kenya's structural reform agenda is advancing, albeit with some delays," said IMF in its latest review of Kenya.

"However, progress in addressing financial weaknesses in State-owned enterprises and a planned review of the fuel pricing mechanism were delayed during the political...