State explains why disposal of strategic corporations is necessary to free up funds for reinvestment
The government’s plan to offload 15 per cent of its stake in Safaricom to South Africa’s Vodacom for approximately Ksh204.3 billion ($1.583 billion) is in progress, but it has faced opposition from among others Kiharu Member of Parliament Ndindi Nyoro, who claims the shares have been grossly undervalued.
‘Kenya’s sugar factories squander industrial waste that can produce 300mw of clean energy’
Eng Gumbo pointed out that the biggest impediment is the unfavourable power purchase agreements (PPAs) currently offered by Kenya Power, which do not reflect the cost of production or the investment required to modernise factories.
