Cabinet Approves Proposal to Sell Government Shares in Six Firms
Cabinet Session Held at State House in Nairobi on May 2, 2024. PCS
In Summary:
The Cabinet has approved the divestiture of state shares in six companies as part of economic reforms.
The move aims to improve the management and governance of state corporations through the sale of shares on the Nairobi Securities Exchange.
The Cabinet has approved a proposal to sell government shares in six companies, a move aimed at fostering economic reforms and improving the management and governance of state corporations.
This decision was made during a Cabinet meeting chaired by President William Ruto on Tuesday.
A statement from the Executive Office of the President explained that the divestiture is part of broader institutional reforms to sustain economic turnaround.
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