{"id":1617,"date":"2023-11-28T11:16:29","date_gmt":"2023-11-28T11:16:29","guid":{"rendered":"https:\/\/tandaomedia.co.ke\/?p=1617"},"modified":"2023-11-28T11:16:32","modified_gmt":"2023-11-28T11:16:32","slug":"privatization-of-11-parastatals","status":"publish","type":"post","link":"https:\/\/tandaomedia.co.ke\/index.php\/2023\/11\/28\/privatization-of-11-parastatals\/","title":{"rendered":"PRIVATIZATION OF 11 PARASTATALS."},"content":{"rendered":"\n<p><strong><em>SAMUEL NGOYA<\/em><\/strong><\/p>\n\n\n<figure class=\"alignleft wp-block-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"287\" height=\"176\" src=\"https:\/\/tandaomedia.co.ke\/wp-content\/uploads\/2023\/11\/image-79.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" style=\"object-fit:cover;\" \/><\/figure>\n\n\n<p>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.<\/p>\n\n\n\n<p>The government has given reasons to justify the sale of each entity listed in the plan, KICC a landmark in Kenya&#8217;s capital, Nairobi, Kenya Literature Bureau, Kenya pipeline companies have been put up for sale as a plan\u00a0to generate revenues to cushion exchequers support.<\/p>\n\n\n\n<p>The national oil corporation, which recently was split into three units, to turn around its fortune, has been identified as&nbsp;&nbsp;potential to attract private sector capital investment&nbsp;and expertise.<\/p>\n\n\n\n<p>The new KCC which is placing its role as Kenya&#8217;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.<\/p>\n\n\n\n<p>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&nbsp;requirement, the national treasury , has&nbsp; invited views from the public, on the stated privatization program, by the 11th of December this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SAMUEL NGOYA The government, through the national treasury has listed up parastatals for sale,they include; New Kenya Cooperative<\/p>\n","protected":false},"author":3,"featured_media":1618,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[6],"tags":[],"class_list":["post-1617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.11 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PRIVATIZATION OF 11 PARASTATALS. - Tandao Media<\/title>\n<meta name=\"description\" content=\"The government, through the national treasury has listed up parastatals for sale,they include; 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