Why Govt is Putting KICC, KLB, and 9 Other Parastatals Up for Sale

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The National Government on Monday, announced that 11 parastatals were being put up for sale.

Some of the companies to be sold through the privatisation program include; Kenya Literature Bureau (KLB), Kenyatta International Convention Centre (KICC), National Oil Corporation (NOC), Kenya Seed Company Limited, Mwea Rice Mills, and Western Kenya Rice Mills Limited.

Other companies that the government is looking to sell include; Kenya Pipeline Company, New Kenya Cooperative Creameries, Kenya Vehicle Manufacturers Limited, Rivatex East Africa Limited, and Numerical Machining Complex.

In a dispatch, the government revealed that one of the reasons it was selling the Kenya Literature Bureau and KICC was because the two parastatals needed to be incorporated into limited companies.

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