The National Treasury has invited the public to submit their comments on the draft Privatization Bill, 2023.
The public is required to submit their comments online or attend public consultations in various regions.
“Pursuant to the Constitution of Kenya, 2010 and all other relevant legislation, the National Treasury invites interested members of the general public to submit written comments and/or input/memoranda on the draft Privatisation Bill, 2023, in the format provided on the website,” the National Treasury said.
The Bill seeks to provide a regulatory framework for the privatisation of public entities, including State-owned enterprises.
There are now about 26 approved privatisation programmes, including KenGen, Kenya Meat Commission, New Kenya Co-operative Creameries, Kenya Pipeline Company Limited, Kenya Ports Authority – Eldoret Container Terminal, and South Nyanza Sugar Company Limited.
“The National Treasury and Economic Planning and the Privatization Commission have finalized preparing the draft Privatisation Bill, 2023. The Bill has been posted to the Privatization Commission website (www.pc.go.ke) and The National Treasury website (www.treasury.go.ke),” the statement read.
The government has been looking at selling stakes in the State-owned enterprises to strategic investors and the public through listing at NSE.
“The objectives of a privatisation undertaken under this Act shall be to… to encourage more participation of the private sector in the economy by shifting the production and delivery of products and services from the public sector to the private sector…,” reads the draft Bill.
People can submit their comments through the email privatisation@treasury.go.ke or post to the address: Principal Secretary, National Treasury, P.O. BOX 30007 – 00100, Nairobi.
The online submission will end on February 7 at 5 pm.
The public consultations kicked off Tuesday, January 31, in Eldoret at Starbucks Hotel& Restaurant Limited Ltd, at Travellers Beach Hotel & Club in Mombasa, at Kisumu Hotel (Maseno University) in Kisumu, Nyeri at The White Rhino Hotel, at Hiddig Hotels Nairobi Co. Ltd. in Garisa, and Maanzoni Lodge in Machakos from 9 am to 5 pm.
Nairobi will be the last to host the meeting at Kenyatta International Convention Centre (KICC) on February 7.
