KICC, Kenya Seed among state firms set to be sold

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A photo of Iconic KICC building in Nairobi

NAIROBI, Kenya Nov 28... Kenya's National Treasury unveils new privatisation programme as the state set to divest from 11 entities including Kenya literature Bureau.

The entities include Kenyatta International Convetion Centre (KICC) which government has 100 percent shares 

Kenya Literuature bureau with 100 percent shares by the government,  National Oil cooperation of Kenya (NOCK) also Government commanding 100 percent shares 

Kenya seed company limited with 53 percent (ADC) shares , Mwea rice with NIA- 55 percent shares Rice growers multipurpose coperative society limited with 45 percent 

In addition Western Kenya rice mills limited with NIA 74 percent , Ahero scheme 11.7 percent , West Kano scheme 5.7 percent and Bunyala scheme 6.1 percent 

Kenya pipeline company is also set for sell where governemt commands 100 percent, Numerical machining complex where KRC has 51 percent and Kenya shipyards 49 percent 

New Kenya coperatative crimaries (KCC) with Government having 100 percent shares , Kenya vehicle manufactures limited with state havung 35 percent shares and Rivatex East Africa limited with Moi university 99 percent and Moi university holdings 1 percent

According to the government the move to privatise state firms is to scale up economic development in the country 


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