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Kenya Railways, KPC, and KAA are among the state-owned companies undergoing board restructuring

By Emmanuel Lyimo
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The National Treasury has announced a comprehensive review of the activities of Kenya's commercial state-owned corporations in accordance with the State Enterprises Act (GOEs) of 2025. This initiative has created many influential positions on the boards of several of the country's most strategic parastatal companies.

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In a public notice, the Government has offered to apply for independent director positions at key companies, including the Kenya Power and Lighting Company (KPLC), the Kenya Power Generation Company (KenGen), the Kenya Power Transmission Company (Ketraco), the Kenya Pipeline Company (KPC), the Kenya Railways Corporation, the Kenya Airports Authority (KAA), the Kenya Ports Authority (KPA), the Kenya Broadcasting Corporation (KBC), the Kenya Postal Corporation, Bomas Kenya, and the Kenyatta International Convention Center.

This recruitment campaign is being conducted as part of a large-scale restructuring program for commercial state-owned corporations launched several months ago, which has sparked public debate about the future management and ownership of strategic assets. According to the new management structure, each company will be governed by a board of directors consisting of a chairman elected from among independent directors, six additional independent directors, two civil servants and a chief executive Officer who is an ex officio member of the Board. These persons will be selected by the Commission for the search and selection of candidates.

The Ministry of Finance stated that these changes are in line with the Cabinet's policy directives approved in November 2023, which aim to streamline governance, improve accountability, and enhance the commercial performance of state-owned enterprises. Applicants must have at least ten years of professional experience in areas such as finance, law, engineering, economics, auditing, risk management or corporate governance, as well as at least five years of senior management positions. Shortlisted candidates will undergo mandatory integrity checks from the Kenya Revenue Authority (KRA), EACC, DCI, HELB, and Credit Bureaus.

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