Government to retain stake in profitable parastatals

geothermal power station, kengen, gdc
[Image source: Think Geo Energy]


Business Daily | by Samwel Owino


The State has ruled out selling its stake in profit-making parastatals despite pressure to do so and unlock cash and growing strain of external borrowing.

Stanley Kamau, Head of Public Investments at the National Treasury said the firms remained strategic to government plans and national security and would not be sold…

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geothermal power station, kengen, gdc
[Image source: Think Geo Energy]

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