The Standard Group Plc is a multi-media organization with investments in media platforms spanning newspaper print operations, television, radio broadcasting, digital and online services. The Standard Group is recognized as a leading multi-media house in Kenya with a key influence in matters of national and international interest.

Standard Group Plc HQ Office,
The Standard Group Center,Mombasa Road.
P.O Box 30080-00100,Nairobi, Kenya.
Telephone number: 0203222111, 0719012111
Email: [email protected]

NEWS & CURRENT AFFAIRS

Digital News

Why Kenyans are skeptical of planned sale of 11 parastatals

National

By Biketi Kikechi | Dec 03, 2023

Audio By Vocalize

**Kenyatta International Convention Centre (KICC).** [File, Standard]

The planned sale of 11 parastatals, valued at Sh200 billion, has received condemnation from many Kenyans over fears that the exercise could become a rip-off of valuable assets by well-connected and corrupt individuals seeking quick riches.

Their fears are drawn from the massive looting that happened in such deals in the past. Examples include the concession of Rift Valley Railways, the attempted sale of Uchumi Supermarkets and Kenya Cooperative Creameries (KCC), among others.

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.