Privatization commission mulls at selling state owned corporations

The Kenya Port Authority will not be privatized, but other parastatal corporations are on the chopping block. This has drawn criticism. “Analysts argue that while privatization is the way to go, a fire sale shows desperation, will result in undervaluation with the taxpayer getting the short end of the stick. ‘Auctioneer mindset to sell the family silver and raise cash quick is not going to be productive in the long term or remunerative in the short term,’ Deepak Dave of Riverside Capital said.”