Kenya to earn up to Sh110bn from sale of State companies

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A machine operator at Kenya Wine Agencies, a former State-owned firm. FILE PHOTO | NMG

The office that advises MPs on budget planning estimates that Kenya could earn between Sh60 billion and Sh110 billion by selling stakes in public firms to help in debt retirement or development funding.

The Parliamentary Budget Office (PBO) says the amount could be realised in the medium term if the State sells about 19 percent or 48 of the 248 corporates, which are involved in commercial activities.

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Note: The results are not exact but very close to the actual.