President William Ruto’s ambitious plan to sell off ailing State-owned corporations to private investors has suffered another setback after the Court of Appeal declined to allow the implementation of a contentious privatisation law that had been declared unconstitutional by the High Court.
The National Assembly and its Speaker sought court orders to suspend the implementation of the September 2024 judgment, which declared the Privatisation Act 2023 unconstitutional, pending the hearing and determination of the grounds of their appeal.
