The formulation of the Ownership Policy for Government Owned Enterprises (GOEs) in Kenya is part of the wider governance reforms for the State Corporations (SCs) sector. Streamlining the system of governance of GOEs, of which the exercise of the ownership function is an important component,

is expected to result in better financial and operational performance of the corporations, alongside other desirable outcomes such as less reliance on exchequer support and minimal fiscal risks. The ownership policy will go a long way in supplementing and reinforcing the various governance instruments for SCs that have been instituted by the Government of Kenya (GoK) under the overall legal framework of the Constitution of Kenya 2010. The key instruments that have stepped up the governance systems for SCs since 2010 are the Constitution of Kenya 2010, Public Finance Management Act (PFMA) 2012 and the related regulations, the Mwongozo code of governance, and GoK circulars issued from time to time. This policy seeks to address deficiencies that have been observed in the governance of GOEs in Kenya, with a particular focus on the exercise of the ownership function in the following areas.........