Kenya to Privatise 35 State Companies  

The Kenyan president says his government is ready to privatise 35 state-owned companies which he said were currently functioning inefficiently due to bureaucracy. <br />President William Ruto says 100 other firms were also being looked at for possible privatisation in a bid to boost productivity. <br />Mr Ruto's announcement comes as the country is facing severe economic challenges including high inflation and rising levels of debt. <br />The IMF recently agreed to a loan of close to $1bn and urged reforms in public sector firms including the power company and Kenya Airways, which suffered record losses last year.<br /><br />This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at <a href="https://www.spreaker.com/show/4166630/advertisement">https://www.spreaker.com/show/4166630/advertisement</a>