Ruto backs push to sell Kenya parastatals without MPs’ approval
Kenya's President William Ruto (2nd left), Deputy President Rigathi Gachagua (left), Prime Cabinet Secretary Musalia Mudavadi (right) and a host of Cabinet Secretaries during a Cabinet meeting held at State House, Nairobi. PHOTO | PCS
Kenyan President William Ruto has backed a push to sell parastatals without the approval of Parliament, in a law change that will give the Treasury unchecked powers in the privatisation plan.
The Cabinet on Tuesday approved the Privatisation Bill, 2023, which gives power to the National Treasury to privatise public-owned enterprises without the approval of Parliament, describing an early process seeking the legislators’ nod as “bureaucratic”.
