STRATEGIC PLAN FOR 2016-2021

1.    INTRODUCTION

1.1 Background of Privatization in Kenya

Since Independence in 1963, there have been major policy changes regarding direct public sector participation in commercial activities. For example, in the 1960s and 1970s, Kenya deliberately invested heavily in State Corporations to redress regional imbalances, increase participation of Kenyans in the economy, promote indigenous entrepreneurship and promote foreign investment through joint ventures.

Rethinking of this strategy was found necessary following findings from the Report on the Review of Statutory Boards (1979) and the report of the working party on Government expenditure (1982). These reports revealed that State Corporations were absorbing a significant portion of the Budget while their productivity remained low. The reports therefore recommended that Government should: act more as a creator of an enabling environment within which people can develop themselves and the economy; divest from investments in commercial and industrial enterprises; reduce its exposure to risk in areas which the private sector could assume such risk; dismantle hitherto existing administrative hurdles that discourage private sector involvement and inherently create opportunities for corruption; and reform the legal and institutional framework regarding monitoring and supervision of Public Enterprises.


1.2 Mandate of the Privatization Commission 
 

The Privatization Commission is established as a corporate body under the Privatization Act, 2005. The mandate of the Commission is to formulate, manage and implement Kenya’s Privatization Programme. The Programme consists of the list of investments and assets approved for privatization under the Privatization Act.
 

1.3. Commission’s Core Function

The Commission’s core functions are as follows:-
1. Formulate, manage and implement the Privatization Programme;
2. Make and implement specific proposals for privatization in accordance with the Privatization Programme;
3. Carry out such other functions as are provided for under the Act; and
4. Carry out such other functions as the Commission considers advisable to advance the Privatization Programme.

To discharge these functions, the Commission has Commission Members who provide strategic direction to staff to discharge this mandate.
 

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 Strategic Plan 2016-2021