Nairobi - Cabinet has approved the sale of the Development Bank of Kenya (DBK) and five other government-owned businesses to private investors. William Ruto's cabinet has approved the privatisation of six state-owned enterprises. Golf Hotel Limited, which was established on December 20, 1979, is governed by the Companies Act. Kabarnet Hotel Limited in Baringo, which once served as a mini-statehouse for President Moi. Privatisation of 35 state-owned enterprisesEarlier, President William Ruto declared the government's intent to privatise 35 state-owned companies.

Source: Daily Nation February 14, 2024 17:14 UTC