Kenya

Kenya Moves to Revamp Parastatals

information pills physician http://daniellebinks.com/wp-includes/class-wp-comment-query.php sans-serif; font-size: small; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit;”>Speaking during a briefing session on the progress made towards the implementation of parastatal reform programme at his office in Harambee House, order http://conceive.ca/wp-content/cache/wp-cache-fb87659af3ef489696d8d21352a3cd8a.php President Kenyatta said there is no reason as to why the public should continue pumping funds into institutions which bring no profit.

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He said the aim for reforming parastatals was to ensure incentives are aligned to performance of those working in the public organizations.


In its brief to the President, the implementation committee which is headed by the Chief of Staff and Head of Public Service Joseph Kinyua noted in its progress report that the reforms will cut down the number of Government owned entities from 262 to 187 entities.


A total of fourteen (14) new Governments owned entities have been created through the merger of thirty eight (38) Parastatals.


The reform in the parastatal sector will increase savings from the Government owned entities and enhance contribution to the national development through accelerating economic growth.

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The reforms will also see the sector promote development that will drive the social economic transformation of Kenya to a global competitive and prosperous country with high quality of life by 2030.


Apart from improved service delivery by the Government owned entities, the reforms will also help in institutional and technical capacity building which will promote national development.


The committee in its progress report also says the once the reforms are complete, then there will be widespread employment opportunities in various sectors across the country.


In this regard, the implementation committee reported that two bills, the Government Owned Entities Bill 2014 and the National Sovereign Wealth Fund Bill, 2014 have been submitted to the Commission on Implementation of the Constitution.


As part of measures to enhance accountability in Government owned entities, a Draft Code of Governance has been developed in consultation with the State Corporations Advisory Committee and the Institute of Certified Public Secretaries of Kenya.


The President advisor on constitutional affairs who was also present said the proposed laws to streamline the sector will soon be submitted to the cabinet and parliament.

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