Kenya bows to IMF pressure, to restructure 18 state agencies - News Summed Up

Kenya bows to IMF pressure, to restructure 18 state agencies


The Kenyan government has earmarked 18 state agencies for restructuring as part of IMF's condition for the $2.34 billion loans granted in April. The National Treasury on Thursday added nine more state agencies to the initial nine slated for privatisation. Kenya Airways, Kenya Airports Authority, Kenya Railways Corporation, Kenya Power, Kengen, Kenya Ports Authority, and three public universities were in the initial list. The new additions include Kenya Broadcasting Corporation, Postal Corporation of Kenya, Athi Water Works Development Agency and Kenya National Examinations Council. Others are Kenya Wildlife Service, Kenya Post Office Savings Bank, Kenyatta National Hospital and E.A.


Source: The Star July 09, 2021 00:56 UTC



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