I’m ready to bear the consequences, Ruto says on privatisation of state...President William Ruto has defended his stance on the privatization of 11 state corporations and over three hundred public entities saying transforming the Nation will require difficult decisions whose consequences he is ready to bear. Some of them, nobody can tell you what they are doing,” Ruto stated. The head of state said privatization will ease the country’s economic burden and end the culture of endlessly bailing out struggling entities. Ruto also urged the Diaspora community to enhance their contribution to the development of the nation by fostering partnerships and seizing opportunities abroad. According to the Central Bank of Kenya Diaspora remittances increased to 48.1 billion shillings in March 2023 a 15.5 percent growth from 41.7 billion shillings reported in the previous month.

Source: Daily Nation December 14, 2023 10:50 UTC