The Government has put up 26 firms for sale after the privatisation schedule got all the requisite approvals.
The privatisation of the firms could lead to job losses and high commodity prices.
Others are the troubled sugar millers and critical services offered by Kenya Ports Authority (KPA), whose mandate is to manage entry points along international borders – including the biggest one in Mombasa. The
Mombasa port is singly the biggest employer in the entire Coast region besides being the economic mainstay of the city. KPA and KPC are majority-owned by the State. A partial divestiture in 2006, through the Nairobi Securities Exchange, handed a 30 per cent stake to private entities.