At the African Executive Josephat Juma writes:
Kenya’s Grand regency hotel privatization saga... saw the hotel change hands at a paltry K Shs 2.9 billion instead of K Shs 7 billion in circumstances shrouded with secrecy, contradiction and high handedness.
These set of events that violated prescribed legal procedures and laws governing the disposal of public assets perhaps explains why Namibia’s labour movement has opposed the privatization of parastatals....privatization has meant the political elites selling off public assets for their own benefit. It is a vehicle-not to serve but rather to fleece the people...[continue reading]
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