Nairobi, March 22 -- President William Ruto has backed a push to sell parastatals without the approval of Parliament, in a law change that will give the Treasury unchecked powers in the privatisation plan.

The Cabinet on Tuesday approved the Privatisation Bill, 2023, which gives power to the National Treasury to privatise public-owned enterprises without the approval of Parliament, describing an early process seeking the legislators' nod as "bureaucratic."

The decision is set to put the Executive on a collision course with Members of Parliament, some of whom had rejected the proposals in the Bill.

According to the Cabinet, the sale of non-strategic, non-performing public entities will help improve the upgrade of infrastructure and the ...