By PSCU
Parastatals should be as competitive and business-oriented as private sector institutions once the reforms are over, President Uhuru Kenyatta has said.
The President spoke as he was briefed on reforms to cut down the number of Government-owned entities from 262 to 187.
Speaking during the session on the progress made towards implementation of the parastatal reform programme in his office in Harambee House, President Kenyatta said there was no reason why the public should continue to pump funds into institutions that bring in no profits.
He said the aim of reforming parastatals was to ensure that incentives were aligned to the performance of those working in the public organisations.
READ MORE
Bitter Christmas for former Mumias Sugar workers
CBC on track to shape the future, Ogamba says
Uhuru now turns into kingmaker as Ruto makes up ground in Central
Economic growth
In a brief to the President, the implementation committee, headed by the Chief of Staff and Head of Public Service Joseph Kinyua, noted that the reforms would cut down the number of Government-owned entities. A total of 14 new Government-owned entities have been created through the merger of 38 parastatals.
The sector reforms are to increase savings from the Government-owned entities and enhance contribution to national development through accelerating economic growth.
The reforms are also expected to help the sector promote development to drive the country’s social-economic transformation to a global competitive and prosperous state with high quality of life by 2030.
