Kenya, Tanzania renew push to sell loss-making state firms
These plans have been backed by the IMF, which has raised concerns over underperforming state corporations.
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These plans have been backed by the IMF, which has raised concerns over underperforming state corporations.
The warning from economic experts is coming at a time the government is struggling to pay civil servants Kenya is expected to make the bullet payment to retire the 10-year sovereign bond whose issuance in 2014
Kenya’s top telco, Safaricom, has continued its corporate shakeup with the appointment of new board members.
Safaricom has replaced Treasury official Stanley Kamau and Prof Bitange Ndemo in the latest changes on its board.
At least seven parastatals have joined a growing list of more than 16 cash-strapped State-owned corporations.