President Ruto has returned three parastatals that had been taken to the National Treasury to their parent ministries in a reorganised government.
President Ruto reverted Kenya Railways Corporation (KRC) and the Kenya Ports Authority to the Transport ministry while Kenya Pipeline Company (KPC) was handed back to Energy.
On August 7, 2020, former President Uhuru Kenyatta, through an Executive Order, merged operations of the three infrastructure agencies in a move that was set to guide the central management of the port, railway and pipeline services under the Kenya Transport and Logistics Network (KTLN).
In May 2021, the three agencies were moved to the Treasury in line with the recommendations of the Presidential Taskforce on Parastatal Reforms.
The move saw Treasury’s budget grow to KES 167.8 billion in the financial year beginning July 2021, an increase of KES 49.6 billion.
The reorganisation by President Ruto also completed the transition of Telkom Kenya into a parastatal, after it was handed back to the Ministry of Information, Communications and Digital Economy.
The Treasury bought the 60% stake held by UK-based private equity fund, Helios Investment Partners, for Sh6.09 billion, making the company fully State-owned.
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