The Cabinet has approved the Privatisation Bill, 2023, which will repeal the Privatisation Act, 2005.

This gives the government a free hand to privatize parastatals without going through the process of parliamentary approval

According to the Cabinet, the sale of non-strategic, non-performing public entities will help improve the upgrade of infrastructure and the delivery of services to Kenyans.

 

The privatisation, it explained in its Tuesday session at State House, will also tame the demand for government resources and generate more funds to drive the Government’s development agenda.

 

In the same session, the drought situation was discussed and the highest decision making body in government noted the deteriorating situation in some counties experiencing famine.

In its response to the crisis, the Cabinet allocated Sh23.96 billion for the April to October 2023 period for interventions in food assistance, water, livestock and peace and security.

 

It said the sectors most affected by the crisis include food security, livestock, water, crops production, education, among others.

 

It noted that the situation has been complicated by the rising frequency of insecurity in Turkana, Samburu, Baringo, West Pokot, Laikipia, Marsabit, Isiolo and Garissa.