President William Ruto’s administration is taking another shot at merging state agencies to cut wastage, in what could see up to 130 enterprises affected in the IMF-backed move. National Treasury has also begun privitasation of government-owned enterprises whose mandates “are no longer relevant”. “The government is committed to implementing policy changes to ensure government-owned enterprises realize their full potential,” the CS said. In 2023, the Cabinet approved the Ownership Policy for Government-Owned Enterprises, a key governance reforms framework. Some of the ministries with a high number of state agencies include agriculture, transport, tourism, energy, industrialization, trade and enterprise development, and sports, culture and heritage, which could face a major rationalisation.

Source: The Star June 17, 2024 10:34 UTC