Why planned sale of KMC to strategic investor stalled

The Kenya Meat Commission in Athi River.

Photo credit: File | Nation Media Group

The government’s renewed plan to sell the Kenya Meat Commission (KMC) to a strategic investor stalled at its early stages, largely due to delays in reconstituting the firm’s board of directors, new disclosures show.

Documents from the National Treasury show that the proposed sale, which was initially planned to start last year, was not completed due to missing information and later the expiry of the tenure of the majority of independent board members.

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