On Thursday, President William Ruto of Kenya announced the government’s intention to privatize 35 state-owned companies.
His administration is also considering the privatization of another 100 firms following the recent enactment of a law aimed at reducing bureaucratic processes.
According to Reuters, the last instance of state privatization in Kenya occurred in 2008 when the government conducted an Initial Public Offering (IPO) for 25% of the shares in the telecommunications company Safaricom.
Source: BI
