MPs regain powers in sale of State firms

A new Bill reinstates the role of Parliament in the adjudication of divestitures from government enterprises.

Photo credit: File | Nation Media Group

Members of Parliament will have a greater say in the sale of State firms as a revised version of the Privatisation Bill reinstates the role of Parliament in the adjudication of divestitures from government enterprises.

The new legislation follows the rejection of the Privatisation Act of 2023, which was deemed unconstitutional by the courts for bypassing public participation.

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