The Cabinet has approved the sale of shares in at least Seven state-owned hotels and lodges. The affected hotels and lodges include; Mombasa Beach Hotel, Ngulia Safari Lodge, and Voi Safari Lodge, all operating under Kenya Safari Lodges and Hotels Limited, Golf Hotel Limited, Sunset Hotel Limited, Mt. Elgon Lodge Limited, and Kabarnet Hotel Limited. During the Cabinet meeting, the state also approved the privatisation of the Development Bank of Kenya. The National Treasury announced in November 2023 plans to sell 11 parastatals to free up cash pumped into their operations.

Source: The Star February 14, 2024 18:37 UTC