Kenya has committed to approve an updated classification of State-owned enterprises (SOEs) by December 31 as part of its pledge to the International Monetary Fund (IMF) to restructure struggling parastatals and mitigate the risks they present to the taxpayer.
IMF’s Mission Chief to Kenya, Haimanot Teferra, says the government is currently developing a draft policy which is expected to streamline ownership of and transparency within SOEs as part of the structural benchmarks of the ongoing programme with the fund.
