The High Court judgment declaring the Privatisation Act, 2023 unconstitutional looks set to further complicate Kenya’s efforts to unlock more than Sh77.5 billion in new funding from the International Monetary Fund (IMF).
The IMF had partly tied the financing plan to a comprehensive reform of State-owned enterprises (SOE), including sale and closure of some of them as a condition for the $3.6 billion (Sh464 billion) four-year loan.
