Hello

Your subscription is almost coming to an end. Don’t miss out on the great content on Nation.Africa

Ready to continue your informative journey with us?

Hello

Your premium access has ended, but the best of Nation.Africa is still within reach. Renew now to unlock exclusive stories and in-depth features.

Reclaim your full access. Click below to renew.

State firms on sale to be known next month

National Treasury Principal Secretary Chris Kiptoo

National Treasury Principal Secretary Chris Kiptoo. He says list the list of State-owned companies earmarked for privatisation to be released before the end year.

Photo credit: File | Nation Media Group

What you need to know:

  • East African Portland Cement Company among State-owned companies earmarked for privatisation.
  • State owns a majority shareholding of 52 per cent in the Nairobi Securities Exchange listed company.

Treasury Principal Secretary Chris Kiptoo says the list of State-owned companies that are earmarked for privatisation, including East African Portland Cement Company (EAPPC), will be released before the end of next month.

Dr Kiptoo told the National Assembly’s Public Investments Committee on Commercial Affairs and Energy that the government will fast-track the process of disposing of loss-making entities like EAPCC.