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The Privatization Commission is seeking consultants

The Privatization Commission is seeking consultants to advise on sale of stakes in Kenya Wine Agencies Ltd (Kwal), Kenya Meat Commission (KMC) and Agrochemical and Food Corporation (ACFC). “Kwal, KMC and ACFC form the second batch of planned sell-offs lined up by the Treasury after a similar process was initiated in May targeting State-owned stakes in hospitality firms such as Hilton, InterContinental and Mountain Lodge. ‘Consultants with the ongoing transaction advisory contracts with the Commission are not eligible to participate,’ Commission acting executive director Janerose Omondi said in a notice. ‘Prospective bidders are not allowed to bid for more than one tender.’”

Privatization plans are moving ahead

Crown Prince Mohammed Bin Salman tells Bloomberg that privatization plans are moving ahead. “In 2019, we will have more than 20 services that will be privatized, most of them in water, agriculture, energy and some of it in sports. Now we’re talking with investors. (…) So in 2019, more than 20 companies will definitely start privatizing. Most of the companies will be in desalination.”

The Minnis administration says it will privatize the Produce Exchange

The Minnis administration says it will privatize the Produce Exchange as part of an effort to boost links between agriculture and tourism. “Tax incentives and concessions will be introduced to encourage Bahamian farmers and farming cooperatives throughout the country to promote sustained production and packaging initiatives and to ensure the continuous supply of quality products.”

Source: www.thebahamasweekly.com

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