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Mbadi eyes new Sh4bn fund to spur business behind prison walls
Treasury Cabinet Secretary John Mbadi. He has proposed the dissolution of the Prison Farms Revolving Fund, formed in 1993, and the Prisons Industries Revolving Fund, formed in 1988.
The National Treasury has proposed a seed capital of Sh4 billion for the establishment of the Prison Enterprise Fund, which will oversee the production and sale of goods made by prisoners.
The State targets to merge the management of farms and industries in prisons – previously managed by two funds – into one enterprise that will be headed by a competitively sourced chief executive officer with a three-year renewable tenure.
