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SENATOR HAMIDA KIBWANA REQUESTS FOR STATEMENT ON CLAIMS OF DISPOSAL OF STATE OWNED ENTITIES

SENATOR HAMIDA KIBWANA REQUESTS FOR STATEMENT ON CLAIMS OF DISPOSAL OF STATE OWNED ENTITIES

Sen. Hamida Kibwana has sought a statement in the Senate on claims of disposal state-owned entities through privatization without the approval of Parliament.

The Senator wants the Senate Committee on Finance and Budget to:

1. Clarify whether there are plans to dispose of state-owned Chemelil Sugar, South Nyanza Sugar, Nzoia Sugar, Miwani Sugar, Kabarnet Hotel, Mt. Elgon Lodge, Golf Hotel, Sunset Hotel Kisumu, Kenya Safari Lodges and Hotels, Consolidated Bank, Development Bank of Kenya, Agro-Chemical and Food Company, Kenya Wines Agencies, Kenya Meat Commission and certain public universities through privatization without the approval of Parliament.

2. State the policy behind the move to privatize these entities, disclosing plans, if any, to undertake public participation among relevant stakeholders. 

3. Disclose the criteria used in choosing the entities, stating the value of each corporation and the expected proceeds from the proposed sale. 

4. Detail the procedures to be undertaken, stating the criteria for identifying potential buyers, as well as the terms and conditions of the sale.

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