In an unexpected twist, Deputy President Hon Riggy G was conspicuously absent during a crucial meeting held at the statehouse. This meeting, presided over by President William Ruto, took place earlier in the morning. Interestingly, the second-in-command was notably absent from any of the photographs shared by the statehouse on that particular morning.
According to The Star, Emmanuel Taalam, the communications expert at the Statehouse, shed light on the agenda of the meeting. He explained that the primary focus of the gathering was to devise a framework aimed at guiding the forthcoming privatization of state corporations. These corporations have been incurring losses despite significant government investment.
Emmanuel Talam, the press secretary of the State House, expanded on the meeting’s objectives in his discussion with The Star. He mentioned that the meeting would delve into budget cuts and the proposed privatization of specific institutions.
In a significant announcement made in November of the previous year, Ruto declared his government’s readiness to privatize 35 state-owned companies. He characterized these companies as “trapped in government bureaucracy,” signaling a move towards enhancing productivity, as reported by The Star Digital.
Despite these developments, there are speculations and reports hinting at potential heightened political activity in the days ahead. These speculations gained momentum following DP Gachagua’s recent appeal for reconciliation with Uhuru Kenyatta.
The revised law aims to boost private sector involvement in the economy, as stated during the signing by the presidency. Consequently, last month, the Cabinet approved the sale of seven additional state-owned enterprises following a meeting chaired by President Ruto at State House in Nairobi. This decision brings the total number of entities slated for privatization to 17.
According to the cabinet, this move is expected to spur growth in the country’s hospitality industry and foster the expansion of individual units through private-sector investment.
