Two ministers summoned over New KCC sale

KENYA – Parliament has summoned Treasury secretary Henry Rotich, Industrialisation secretary Adan Mohamed and the Privatisation Commission over the intended sale of milk processor New KCC to strategic investors.

The National Assembly Agriculture committee said the two ministers and the privatisation agency will be required to explain why it is impossible for former KCC shareholders, majority of whom are farmers, to be identified before the intended privatisation.

Committee chairman Adan Noor (Mandera) ruled that Mr Rotich, Mr Mohammed and privatisation commission chief executive officer Daniel Mureithi should shed light on the shareholding of the now State-owned milk processor in a two-day conference to be held next Thursday and Friday.

KCC, originally owned by farmers, collapsed due to mismanagement and was revived by the government.

April 17, 2015; http://www.businessdailyafrica.com/Corporate-News/Two-ministers-summoned-over-New-KCC-sale/-/539550/2688336/-/8g27vnz/-/index.html

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