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List of 18 State Parastatals Earmarked for Restructuring as Condition for IMF's KSh 250b Loan


List of 18 State Parastatals Earmarked for Restructuring as Condition for IMF’s KSh 250b Loan
Tuko
13 hrs ago
Japhet Ruto
© Provided by Tuko
List of 18 State Parastatals Earmarked for Restructuring as Condition for IMF’s KSh 250b Loan
The IMF board in April approved a KSh 255 billion financing loan package for Kenya to help the country in the containment of public debt
The multibillion loan came with tough conditions that the country will have to implement
One of the conditions was overhauling loss-making state-owned enterprises to either return to profitability or start operating more effectively
On Friday, April 2, the International Monetary Fund (IMF) board approved a KSh 255 billion financing loan package for Kenya to help the country in the containment of public debt. ....

Nairobi Area , Julia Ojiambo , International Monetary Fund , Moi University , Kenya Broadcasting Corporation , Kenya Pipeline Company , University Of Nairobi , Kenya National Examinations Council , Postal Corporation Of Kenya , Kenya Wildlife Service , University Of Nairobi Uo , Kenya Post Office Savings Bank , Kenyatta University , African Portland Cement Company , Kenya Airports Authority , Kenya National Hospital , Athi Water Works Development Agency , Jomo Kenyatta University Of Agriculture , Kenya Airways , Parastatals Earmarked , Tuko List , Kenya Power , Kenya Railways , Broadcasting Corporation , Postal Corporation , Post Office Savings Bank ,

18 State Parastatals Earmarked for Restructuring as Condition for IMF's KSh 250b Loan


18 State Parastatals Earmarked for Restructuring as Condition for IMF’s KSh 250b Loan
Tuko
15 hrs ago
Japhet Ruto
© Provided by Tuko
18 State Parastatals Earmarked for Restructuring as Condition for IMF’s KSh 250b Loan
The IMF board in April 2021 approved a KSh 255 billion financing loan package for Kenya to help the country in the containment of public debt
The multibillion loan came with tough conditions that the Kenyan government will have to implement
One of the conditions was overhauling loss-making state-owned enterprises to either return to profitability or start operating more effectively
On Friday, April 2, the International Monetary Fund (IMF) board approved a KSh 255 billion financing loan package for Kenya to help the country in the containment of public debt. ....

Nairobi Area , Julia Ojiambo , International Monetary Fund , Moi University , Kenya Broadcasting Corporation , Kenya Pipeline Company , University Of Nairobi , Kenya National Examinations Council , Postal Corporation Of Kenya , Kenya Wildlife Service , University Of Nairobi Uo , Kenya Post Office Savings Bank , Kenyatta University , Tuko Moi University , African Portland Cement Company , Kenya Airports Authority , Kenya National Hospital , Athi Water Works Development Agency , Jomo Kenyatta University Of Agriculture , Kenya Airways , Parastatals Earmarked , Kenya Power , Kenya Railways , Broadcasting Corporation , Postal Corporation , Post Office Savings Bank ,

Kenya bows to IMF pressure, to restructure 18 state agencies


Kenya bows to IMF pressure, to restructure 18 state agencies
by VICTOR AMADALA
According to IMF, the government might use an additional Sh65 billion to bail out cash-strapped parastatals in the current financial year.
The folding and merger of some of the affected agencies are likely to see many civil servants pushed out of jobs
The Kenyan government has earmarked 18 state agencies for restructuring as part of IMF s condition for the $2.34 billion loans granted in April.
The National Treasury on Thursday added nine more state agencies to the initial nine slated for privatisation.
The seal of the International Monetary Fund (IMF) is seen outside of a headquarters building in Washington, DC on April 7, 2021. - Raising taxes on wealthy firms that have done well during the pandemic is increasingly viewed as a source of revenue to finance pandemic recovery efforts, an idea pushed Wednesday by the IMF and the US. (Photo by MANDEL NGAN / AFP) ( ....

E Africa Portland , Kenyatta National Hospital , Kenya Railways Corporation , Kenya Broadcasting Corporation , Kenya Airports Authority , Kenya Ports Authority , Kenya Port Authority , Postal Corporation Of Kenya , Kenya National Examinations Council , National Treasury On , Athi Water Works Development Agency , Kenya Wildlife Service , Kenya Post Office Savings Bank , Kenya Airways , National Treasury , Kenya Power , Postal Corporation , Kenya National Examinations , Kenya Railways , Port Authority , Kenya Pipeline , கெநியாட தேசிய மருத்துவமனை , கேந்ய ரயில்வே நிறுவனம் , கேந்ய ஒளிபரப்பு நிறுவனம் , கேந்ய விமான நிலையங்கள் அதிகாரம் , கேந்ய போர்ட்ஸ் அதிகாரம் ,