President Ruto

CountiesNewsPolitics

A new era of Ruto’s Cabinet meetings in State Lodges

In Kenya, State Lodges began with Sagana State Lodge in Nyeri which served as an official vacation getaway for British Royal Dignitaries and Governors during the colonial decades. Before independence, Sagana State Lodge was known as the Royal Lodge. History records show that in 1947 when Princess Elizabeth (now late Queen Elizabeth) and Prince Phillip got married, Royal Lodge (read Sagana) was given to the newly weds as “a gift from the people of Kenya.” In December of 1963, however, Queen Elizabeth handed the ownership of the Lodge back to the newly independent government of the East African nation. State Lodges in Kenya Today, there…

Read More
EconomyNews

Ruto cuts Privatisation Commission budget ahead of parastatal fire sale

Privatization Commission CEO Joseph Koskey says it will cost Kenya about Kes1.3 billion to privatize three parastatals a pointer the country may need three times as much resources to sell the 10 state companies earmarked for privatization. The privatization boss said the costs, including transaction advisory, stakeholder engagements, legal expenses, general consultancy and PR consultancy, branding have been estimated based on the cost of privatizing Safaricom at Kes1.09 billion and Kengen at Kes423.8 million. He, however, said the government has not allocated the commission the funds for the privatization process indicating President William Ruto may not be keen on using the commission to transact the…

Read More