The seven enterprises include privatisation of the Development Bank of Kenya. Others earmarked for privatisation are Golf Hotel Limited, Sunset Hotel Limited, Mt Elgon Lodge Limited and Kabarnet Hotel Limited. Hotels under the Kenya Safari Lodges and Hotels Limited -- Mombasa Beach Hotel, Ngulia Safari Lodge, and Voi Safari Lodge--will also be sold. This comes at the backdrop of the initial move taken by the Kenya Kwanza administration seeking to privatise the 11 entities, which includes Kenya Literature Bureau (KLB), Kenyatta International Convention Centre (KICC), Kenya Seed Company Limited, Kenya Pipeline Company (KPC) and New Kenya Co-operative Creameries. Others are the National Oil Company of Kenya (NOCK), Numerical Machining Complex, Kenya Vehicle Manufacturers Limited, and Rivatex East Africa Limited.

Source: Daily Nation February 15, 2024 10:18 UTC