Finance minister admits economy is on ‘life support’ and warns Kenyans to brace for even harder times
On reforming state-owned enterprises (GOEs), the cabinet secretary stated that the proposed GOE Bill, 2025, would restructure about 60 commercial state entities to operate under the Companies Act, enabling them to focus on profitability and efficiency. The objective is to shift project development in these institutions from state-driven to private sector-led models, freeing up fiscal resources for social spending.
Coffee, once a jewel in Kenya economy, struggles as government targets 150,000 tonnes per year
To address these challenges, Cabinet Secretary Wycliffe Oparanya disclosed that his ministry has already rolled out a number of reforms including the distribution of over 780,000 seedlings so far, with a target of five million by the end of this year and 20 million by the end of 2026.
