Retain Parliament's role in privatizing state firms
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Nairobi, Jan. 26 -- The proposal for the sale of public assets by the Executive without proper oversight by Parliament raises questions about the new administration's commitment to the fight against corruption and accountability.
In its quest to speed up the privatisation of loss-making State-owned companies straining public resources, the Treasury seeks to exclude Parliament from approving the sales.
The government-backed Privatisation Bill, which aims to replace the 2005 law, will offer the Treasury more powers in selling parastatals, including identifying and determining entities to be included in the privatisation programme.
The need to offload these moribund firms cannot be gainsaid as it will relieve taxpayers of the burden of su...
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