Privatisation Review Board Stories

Parastatals’ unchecked borrowing fuelliing Sh2.9 billion debt, Auditor General warns
Maureen Kinyanjui  |  Aug 26, 2025

Authority, and Lake Victoria North Water Works Development Agency each defaulted three times on loans of Sh2.79 billion, Sh2.5 billion, and Sh4.4 bill...

High Court blocks government sale of Kenya Pipeline shares
Carolyne Kubwa  |  Aug 15, 2025

Justice Bahati Mwamuye said the petitioner, the Consumers Federation of Kenya (COFEK), must serve the respondents and interested parties with the appl...

MPs question KPC privatisation plan, raise alarm over transparency, job losses
Lucy Mumbi  |  Aug 13, 2025

MPs expressed concern that public participation on the plan has not been adequately conducted, leaving many Kenyans unaware of the potential implicati...

MPs seek views of Kenyans on Privatisation Bill as they protest State wastage
Barack Oduor  |  Aug 12, 2025

The matter of privatising State corporations has been contentious, drawing varied reactions from Kenyans and stakeholders across different sectors.

MPs order government to address financial mismanagement before selling KPC stake
Maureen Kinyanjui  |  Aug 12, 2025

The privatisation plan has been presented to Parliament and is now with the joint committees on Energy, Public Debt and Privatisation for detailed rev...

President William Ruto unveils Sh44 billion Linzi listing, eyes IPOs for State firms
Maureen Kinyanjui  |  Jul 23, 2025

President William Ruto hailed the listing as a turning point in the country’s strategy to mobilise domestic capital for transformative projects while...

President William Ruto retains Faisal Abass as Privatisation Commission Chair
Maureen Kinyanjui  |  Jul 19, 2025

President William Ruto made the announcement through a gazette notice dated July 18, 2025, invoking powers granted under section 5(1)(a) of the Privat...

National Treasury reverts to old law after court nullifies 2023 Privatisation Act
Maureen Kinyanjui  |  Jun 17, 2025

National Treasury is now banking on the older law and the reactivated Privatisation Commission to raise Sh149 billion in the 2025/26 financial year.

Court blocks state from proceeding with sale of 11 parastatals, including KICC
Lucy Mumbi  |  Apr 15, 2025

The court dismissed the application, stating that the government failed to demonstrate how its pending appeal would be undermined without the suspensi...

State agency on the spot for spending Sh91 million on consultancy
Maureen Kinyanjui  |  Oct 31, 2024

Despite the controversies surrounding privatisation processes, President William Ruto defended the government's decision, citing a decade-old report r...

Explainer: Key changes introduced by the Privatisation Act, 2023
Maureen Kinyanjui  |  Jul 05, 2024

The Privatisation Act, of 2023, aimed to enhance the regulatory framework governing the privatisation of public entities, aiming to boost the efficien...

Kenya's fiscal deficit to rise by 21% to Sh920 billion this year - report
Alfred Onyango  |  Jun 06, 2024

To address this, the Committee says financing of the gap will predominantly shift towards foreign borrowing.

CS Chelugui removes KCC from list of state firms to be sold
Dennis Tarus  |  Dec 01, 2023

The CS said he will now write to the Treasury CS on the issue of the 2019 cabinet resolution.

Government to sell Kenya Pipeline, KICC and 9 other state firms
Dennis Tarus  |  Nov 27, 2023

Last month, President William Ruto signed a revised privatisation bill into law that makes it easier to sell state enterprises to private companies.

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