SAMUEL NGOYA
The government, through the national treasury has listed up parastatals for sale,they include; New Kenya Cooperative Creameries, Kenya Literature Bureau, National Oil Corporation of Kenya, Kenya Seed Company, Kenyatta International Convention Centre (KICC) , Mwea Rice mills Ltd , Western Kenya Rice mill Ltd, Kenya Pipeline Company Ltd, Numerical Machining Complex Ltd, Vehicle Manufacturers Ltd and Rivatex East Africa Ltd.
The government has given reasons to justify the sale of each entity listed in the plan, KICC a landmark in Kenya’s capital, Nairobi, Kenya Literature Bureau, Kenya pipeline companies have been put up for sale as a plan to generate revenues to cushion exchequers support.
The national oil corporation, which recently was split into three units, to turn around its fortune, has been identified as potential to attract private sector capital investment and expertise.
The new KCC which is placing its role as Kenya’s raw milk taker from farmers and Rivatex, were in the list to attract fresh capital to enable them expand their factories across the country.
Some parastatals such as Mwea Rice mills Ltd , Vehicle manufacturers Ltd and Western Kenya Rice Ltd were recognised as mature and necessitated a sale, in keeping with the constitution requirement, the national treasury , has invited views from the public, on the stated privatization program, by the 11th of December this year.