Cabinet misstep on privatisation

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H.E President William Ruto and Cabinet Secretaries during Cabinet meeting at State House, Nairobi. FILE PHOTO | HIRAM OMONDI | NMG

I have been trying to understand the thinking and motives behind this idea by the Cabinet of keeping approval of privatisation transactions away from parliamentary scrutiny.

I only have conspiracy theories. Lately, we have been holding a record number of investor conferences in the capitals of rich Gulf countries and what I gather is that the feedback from these meetings is that many sovereign wealth funds from that region are interested in privatisation deals here.

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