Job losses loom as State plans to drop 130 parastatals

Njuguna Ndung'u

Cabinet Secretary for National Treasury and Economic Planning Prof Njuguna Ndung'u.  

Photo credit: File | Nation Media Group

More than 130 State-owned enterprises are set to be scrapped or merged in a planned restructuring that is expected to cut jobs.

The Treasury said only 158 of the 288 parastatals that have been judged viable will be retained.

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