Parastatals to feel the pinch with 30% budget cuts
With mounting pressure to curb extravagant spending in his administration, President Ruto has ordered CEOs of State Corporations to slash
Read MoreWith mounting pressure to curb extravagant spending in his administration, President Ruto has ordered CEOs of State Corporations to slash
Read MoreKenya is on a bold journey towards an economic renaissance, with the government laying out a strategy to transform the
Read MoreIn a fresh setback for President William Ruto and his administration, the Court of Appeal has thrown out the State’s
Read MoreThe Court of Appeal has directed the preservation of the current state of affairs regarding the collection of the housing
Read MorePresident William Ruto has announced a $1 billion deal between Kenya and Fortescue Future Industries Development to build a 300MW
Read MoreIn 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 MorePrivatization 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…
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