Kenya to Merge and Divest State Corporations in IMF-Backed Restructuring

• Kenya to merge 42 state corporations and dissolve or divest 25 entities as part of fiscal reforms.
• The move targets reducing inefficiencies and addressing Ksh94.4 billion ($728.9 million) in pending bills.

Nairobi, Kenya – Kenya is embarking on a sweeping reform of its state corporations, merging 42 entities into 20 and either dissolving or divesting 25 others in a bid to address financial inefficiencies and fiscal constraints. This marks the final phase of restructuring backed by the International Monetary Fund (IMF) under a 48-month loan program set to conclude in April 2025.