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Njuguna Ndung’u.

Treasury CS Njuguna Ndung’u says only 158 parastatals to be retained in reforms

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National Treasury and Economic Planning Cabinet Secretary Njuguna Ndung’u.

Photo credit: File | Nation Media Group
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By  Edwin Mutai

Parliamentary Reporter

Nation Media Group

More than 130 state-owned enterprises are set to be scrapped or merged in a planned restructuring that is expected to result in massive job losses.

The National Treasury has indicated that only 158 of the 288 parastatals that have undergone assessment to ascertain their viability will be retained.

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