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Bill sets State firms sale on right track
Sugar industry stakeholders walk out of the stalled Miwani Sugar Company compound after meeting a team from the Privatisation Commission. FILE PHOTO | NMG
As the Privatisation Bill, 2023 proceeds to the next reading in the House, it is crucial to appreciate the genesis of the privatisation of parastatals in Kenya and how this has developed over the years.
Parastatals or State corporations were originally set up to spur economic development by promoting indigenous entrepreneurship.
