More than 40 State-owned commercial entities including Kenya Power and KenGen will be transferred to the Treasury if an International Monetary Fund (IMF)-backed bill is adopted, giving the Finance minister outsized powers in tapping independent directors and reviewing the performance of the firms.
Treasury Cabinet Secretary (CS) Njuguna Ndung'u has published the Government Owned Enterprises Bill 2024, which seeks to cut the reliance of State enterprises on taxpayers through improved governance structures.
