No plans to privatise New KCC, govt says - News Summed Up

No plans to privatise New KCC, govt says


By STANLEY KIMUGEMore by this AuthorThe Privatisation Commission has allayed fears that there are plans to sell the State-owned New Kenya Cooperative Creameries (New KCC) to a private entity. The commission’s chairman, Mr Henry Obwocha, said this Thursday when he led a team from the body to the New KCC Eldoret factory. Mr Obwocha said that they were on familiarisation visit of the factory and not valuating the assets of the company. The officials were reacting to reports that dairy farmers in the country had on Wednesday opposed a proposed privatisation of the firm, saying that they were not involved in the process. Related Content Dairy farmers oppose privatisation of New KCC“We are happy that the firm has gone back to its former glory.


Source: Daily Nation November 24, 2016 12:48 UTC



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