Sharp Daily
No Result
View All Result
Tuesday, June 9, 2026
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Backlash brews as dairy farmers resist privatization of New KCC

Brenda Murungi by Brenda Murungi
December 6, 2023
in News
Reading Time: 2 mins read

Dairy farmers across the country have protested against the government’s plans to privatize state corporations, including New Kenya Cooperative Creameries (KCC). Farmers claim that privatization will shortchange small-scale farmers and millions of households from marginalized communities.

Farmers’ representatives, including Ann Wachira, Lydia Kagema, Miriam Bushati, David Koskei, and Muchemi Nderitu, urged the state not to privatize the New KCC.

They also stated that the modernization of the new KCC was meant to have a positive ripple effect, which is now being threatened by the current government’s move to privatize it.

Farmers echoed Deputy President Rigathi’s speech on June 27 at the Dandora factory, stating the milk industry is one of the sub-sectors of the economy earmarked for reforms.

RELATEDPOSTS

Gachagua claims broad-based government a bid to oust him, despite his support

September 20, 2024

Government outlines KES 300 billion plan for Northern Kenya’s socio-economic transformation

September 15, 2024

The farmers further urged the government to explore more innovative ways of value addition, as well as locating international markets to boost the sector.

“The only way the state can protect and further grow New KCC is by securing assets owned by the milk processor to protect the interests of dairy farmers across the country,” said David Koskei.

In 2000, former President Mwai Kibaki bought back the KCC and ensured it became a state entity. The government then parted with Sh547m to have its assets reverted back to the government.

Before then, KCC had been taken over by private ventures under the control of a few entities. The NARC Government renamed and registered the company as New Kenya Cooperative Creameries Ltd.

Kenya last privatized a state-owned company in 2008 when it issued an Initial Public Offering (IPO) for 25 percent of the shares in the telecommunications firm Safaricom. Privatization and restructuring are geared towards the government’s efforts for fiscal consolidation and spurring economic development.

 

Previous Post

Imported edible oils meet safety standards, KEBS says

Next Post

From optimism to foreclosure: The anatomy of real estate bubbles

Brenda Murungi

Brenda Murungi

Related Posts

News

Kenya eyes revenue from Government data with plans for a national digital marketplace

June 8, 2026
News

Portfolio Diversification and the Future of Pension Fund Investments in Kenya

June 8, 2026
News

Why the MPC Should Maintain the Central Bank Rate at 8.75% in the June 2026 Meeting

June 5, 2026
News

Kenya’s Ebola centre deal: What the Kenya-US biosecurity agreement really means for Kenyans

June 5, 2026
News

Cost Pressures and Margin Compression in Firms

June 5, 2026
News

DRC Ebola outbreak 2025: The race against a deadly virus, a funding crisis, and a continent’s resolve

June 5, 2026

LATEST STORIES

Kenya eyes revenue from Government data with plans for a national digital marketplace

June 8, 2026

Portfolio Diversification and the Future of Pension Fund Investments in Kenya

June 8, 2026

Why the MPC Should Maintain the Central Bank Rate at 8.75% in the June 2026 Meeting

June 5, 2026

Kenya’s Ebola centre deal: What the Kenya-US biosecurity agreement really means for Kenyans

June 5, 2026

Kenya’s MPC faces its toughest call yet as inflation and growth pull in opposite directions

June 5, 2026

Cost Pressures and Margin Compression in Firms

June 5, 2026

DRC Ebola outbreak 2025: The race against a deadly virus, a funding crisis, and a continent’s resolve

June 5, 2026

Kenya ends self-reporting in gambling sector

June 5, 2026
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024