The history of privatization in Kenya

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Kenya fires first privatisation shots
Daily Mail and Guardian, 22 August 2000. To pay off debt, Kenya must sell its port authority and its railways, although there is little interest in them. The purchaser of much of Telkom Kenya will be named. The open ship registry of foreign-owned ships in Kenya. Sale of a third of Kenya Commercial Bank.
World Bank Pushes Kenya to Privatise Power Companies
By Kevin J. Kelley, The East African (Nairobi), 30 August 2000. The World Bank pressures Kenya on privatization of Kenya Power and Lighting Company (KPLC) and the Kenya Electricity Generating Company, but premature privatization may lead the country from the frying pan into the fire—as happened in the telecommunications sector, where the new ownership is based on political interests. Few past privatisations have brought tangible benefit to either consumers or the country.
Telkom Kenya is to cut 10000 jobs
By James Macharia, Business Day, 1 November 2000. Telkom Kenya is to cut 10000 jobs in a major five-year restructuring process connected with its privatization which began in April. The reorganisation is just part of an overhaul by the government of its interests, which will also affect other utilities such as those in the rail and power sectors.
No Privatisation, No Aid, World Bank Warns Kenya
By Kevin J. Kelley, The East African (Nairobi), 3 November 2000. Kenya will not receive most of an emergency energy loan nor any aid for other purposes unless the government privatizes its electrical power enterprises. The deterioration of Kenya's economy has made the government increasingly dependent on aid from the World Bank and International Monetary Fund.
Kenya agrees to sell stake in telecoms monopoly
Business Day, 31 January 2001. Kenya agrees to the sell a stake in its fixed-line telecommunications monopoly to a foreign consortium. President Moi had said that he would not sell it to foreigners at a throwaway price. Telkom is the biggest revenue generator of the country's state-run companies. If the deal does not go through the IMF will force the government to face a shortfall of millions of dollars in this year's budget.