Pros and cons of placing public firms in private hands

A Consolidated Bank branch in Nairobi. File | NMG

Privatisation, defined as the transfer of ownership, management or control of State-owned enterprises (SOEs) to private hands, has been a hot potato in Kenya for decades.

Since the 1980s, successive governments have embarked on the road aimed at cutting the role of the State in the economy, improving the efficiency and productivity of SOEs, and increasing revenue.

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Note: The results are not exact but very close to the actual.