Kenya’s 4-point plan to reform struggling parastatals

Treasury

The National Treasury building in Nairobi. 

Photo credit: File I Nation Media Group

The government has zeroed in on mergers, a system for real-time monitoring, review of terms and conditions for boards and new classification of entities in streamlining operations of struggling State-owned enterprises (SOEs) in line with the agreements arrived at with the multilateral lenders.

The World Bank has revealed that the merger of SOEs will be focused on those which are in the agriculture, industry and finance sectors.

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