Government
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Why Gov’t Made A U-turn on Privatization Agenda
The government has made a significant policy U-turn by opting to lease Mt Elgon Lodge a state-owned facility instead of selling it, signaling a broader rethink of its privatization agenda. This move diverges from the administration’s earlier aggressive strategy to privatize dozens of state-owned enterprises in a bid to ease fiscal pressure. In January, the…
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Why Government Wants to Sell Parts of Its Shares in Safaricom
The government has announced plans to sell a portion of its 34.9 percent stake in Safaricom by June 2026 as part of its broader privatization agenda aimed at raising Sh149 billion. According to Treasury Cabinet Secretary John Mbadi, the move is intended to help meet revenue targets for the 2025/26 financial year, reduce public debt,…
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