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President Ruto assents Bill that gives Treasury CS power to privatise state firms
President Ruto assents to the Privatisation Bill 2023 which aims to boost efficiency, remove bureaucratic processes in privatisation of non-strategic and loss-making government entities and promote private sector involvement.
Photo credit: PSC
President Ruto assents to the Privatisation Bill 2023, which aims to speed up the privatisation of non-performing state-owned enterprises.
The new Bill will repeal the Privatisation Act, 2005, which gives power to the National Treasury to privatise public-owned enterprises without the approvals of Parliament.
