Approves privatisation of State-owned enterprises in tourism sector
14 Feb 2024
On 14 February 2024, the Cabinet approved the sale of seven State-owned enterprises (SOEs), including the Development Bank of Kenya and several hospitality establishments, such as Golf Hotel Limited, Sunset Hotel Limited, Mt. Elgon Lodge Limited, Kabarnet Hotel Limited, and properties within the Kenya Safari Lodges and Hotels Limited chain. This decision aligns with Kenya's objective to bolster the growth of its hospitality sector and enhance the performance of these units through private sector investment. This latest privatization initiative follows the earlier designation of 10 SOEs for privatization in 2023.
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Type:
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Entry and establishment (Ownership and control)
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Industry:
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Not industry specific
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Services (Accommodation and food service activities)
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Sources:
