The National Treasury and Economic Planning, in conjunction with the privatization commission, is pushing a law that will see the privatization commission abolished.
If the proposal goes through, the privatization commission will be replaced by the privatizations Authority.
“There is established an Authority to be known as the Privatisation Authority,” read part of the proposed bill.
Read: Inside The Privatization Commission Of Kenya, Where Are The Results?
The bill proposes that the authority will be managed by a board whose chairperson will be appointed by the president and other members being the principal secretary for the national treasury and the attorney general, among others.
“The chairperson and members of the Board appointed under subsection (1) (e) of three years and shall hold office for a term be eligible for reappointment one further term of three years,” read the bill.
The recent move is one of President William Ruto’s efforts to increase the number of privatized companies, a process the president has said has not been robust over the recent years.
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