Kenyan court suspends plan to privatise more state-owned firms
A Kenyan court on Monday suspended a government plan to start a fresh privatisation drive under a modified law while it hears a challenge that an opposition party has brought against the sales. In late November the finance ministry said it would start the process of offering to sell its shareholding in 11 firms, including an oil pipeline, a textbook publisher and agribusiness firms. The 11 companies are among more than 35 companies that are lined up for sale, partly to help the government raise revenue in the face of growing debt repayments.
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A Kenyan court on Monday suspended a government plan to start a fresh privatisation drive under a modified law while it hears a challenge that an opposition party has brought against the sales. In late November the finance ministry said it would start the process of offering to sell its shareholding in 11 firms, including an oil pipeline, a textbook publisher and agribusiness firms. The 11 companies are among more than 35 companies that are lined up for sale, partly to help the government raise revenue in the face of growing debt repayments. 
