Sharp Daily
No Result
View All Result
Wednesday, January 28, 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

High Court temporarily halts transfer of Amboseli National Park to Kajiado County over constitutional concerns

January 28, 2026
News

Audit uncovers Sh11 Billion loss at SHA through fraudulent claims and admissions

January 28, 2026
Analysis

Why Money Market Funds still matter

January 27, 2026
News

The only asset that isn’t manufactured

January 27, 2026
Business

Competition Authority of Kenya will not fully review Vodacom plan to raise Safaricom stake

January 27, 2026
News

When ease comes at a cost: The true price of convenience

January 27, 2026

LATEST STORIES

High Court temporarily halts transfer of Amboseli National Park to Kajiado County over constitutional concerns

January 28, 2026

Audit uncovers Sh11 Billion loss at SHA through fraudulent claims and admissions

January 28, 2026

Why Money Market Funds still matter

January 27, 2026

The only asset that isn’t manufactured

January 27, 2026

Competition Authority of Kenya will not fully review Vodacom plan to raise Safaricom stake

January 27, 2026

When ease comes at a cost: The true price of convenience

January 27, 2026

Defunding Enforcement, Funding Crime

January 26, 2026

Hedging: The Art of Owning Uncertainty

January 26, 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