Government changes tune on sale of a key state parastatal
2 min read
Government through CS Chelugui strikes KCC from the list of state parastatals to be privatized
Government through CS Chelugui strikes KCC from the list of state parastatals to be privatized.
Cooperatives and MSMEs Development Cabinet Secretary Simon Chelugui now says the government cannot sell the New Kenya Co-operative Creameries (KCC).
Speaking on Friday, December 1, Chelugui said KCC was removed from the privatization programme by the Cabinet in 2019.
The Cooperatives CS noted that the position stands until the current Cabinet reverses the resolution.
“I want to state as follows, on March 29, 2019, the Cabinet resolved to remove KCC from the privatisation programme. That resolution stands and can only be reversed by a similar Cabinet resolution,” said Chelugui.
He pointed out that KCC acts as a buyer of the last resort, makes government intervention in addressing the dairy sector, and stabilizes milk prices.
“You have seen we gave you Sh 500 billion on Friday and we have set the price at Sh45, others are now at Sh33. Those are private agencies, it takes it or leave it from them,” Chelugui explained.
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The Cooperative CS further mentioned he will be writing to his National treasury counterpart Njuguna Ndung’u and tell him about the Cabinet resolution that removed KCC from the privatisation programme.
“I am not saying privatization is bad, but we want to complete the establishment and position KCC strategically and then offer it to the market. In any case, we have to sell KCC our first offer will be to the farmers,” he added.
KCC was among the eleven state agencies that the National Treasury has lined up for sale.
Others are; Kenya International Conference Centre (KICC), Kenya Literature Bureau, National Oil Corporation, Kenya Seed Company Limited, Mwea Rice Mills, Western Kenya Rice Mills Limited, Kenya Pipeline Company, Kenya Vehicle Manufacturers Limited, Rivatex East Africa Limited, Numerical Machining Complex.
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