On Monday, the Kenyan government announced that it had sold stakes in 11 state-owned companies. The aim is to replenish the state coffers, at a time when tax revenues remain below

President William Ruto announced last week that he wanted to privatize 35 companies. Among the latter are 11 companies, including the national oil and gas company and one of its operators, agricultural companies and a publishing house. In reality, the Kenyan economy is in the grip of runaway inflation and a currency in free fall that has caused the cost of debt repayment to skyrocket. According to the Kenyan Finance Ministry, the decision “is part of the government's efforts to consolidate the budget and boost economic development