World Bank offers help as Kenya fails to privatise Telkom Kenya

0 Comments | AFP, June, 2005

NAIROBI (AFP) — World Bank has offered to help Kenya restructure its parastatals ahead of a month-end deadine set by President Mwai Kibaki to privatise Telkom Kenya.

"I will ensure that the government gets resources to support the country's reform agenda in the financial sector and the restructuring of parastatals like Telkom Kenya and Kenya Ports Authority," the World Bank's new representative in Kenya, Colin Bruce, said when meeting Kibaki here.

In 2003, Kibaki said that the much-delayed privatisation of Telkom Kenya would be completed by June 2005, but the government has since been silent.

"Kenya has the potential and resources to achieve the desired economic growth within a short time if she continues collaborating with her development partners," Bruce...