Sharp Daily
No Result
View All Result
Wednesday, November 26, 2025
  • 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

Entertainment

November 26, 2025
News

The psychology of spending vs saving

November 26, 2025
Tanzania's President Samia Suluhu Hassan attends her swearing-in ceremony in Dodoma, Tanzania November 3, 2025. © Tanzania Presidential Press Unit via Reuters
News

Human rights groups petition ICC over Tanzania alleged post-election killings

November 26, 2025
News

How Interest Rate Hikes Shape Small-Business Investment

November 25, 2025
KPLC rolls out new OCR meter-reading technology
News

KPLC rolls out new OCR meter-reading technology to eliminate manual data entry

November 25, 2025
Entertainment

Kenyan women defy global beauty standards, surgeons warn against cookie-cutter procedures

November 25, 2025

LATEST STORIES

November 26, 2025

The psychology of spending vs saving

November 26, 2025
Tanzania's President Samia Suluhu Hassan attends her swearing-in ceremony in Dodoma, Tanzania November 3, 2025. © Tanzania Presidential Press Unit via Reuters

Human rights groups petition ICC over Tanzania alleged post-election killings

November 26, 2025

How Interest Rate Hikes Shape Small-Business Investment

November 25, 2025

Kenya’s Retirement Benefits Schemes H1’2025 Performance

November 25, 2025

Understanding midlife crisis

November 25, 2025
KPLC rolls out new OCR meter-reading technology

KPLC rolls out new OCR meter-reading technology to eliminate manual data entry

November 25, 2025

World bank raises Kenya’s 2025 growth forecast as construction sector rebounds

November 25, 2025
  • 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