Chemelil Sugar Company
Chemelil Sugar Company - ADC: 96.21% & DBK: 1.42%

To meet Government - COMESA Sugar Safeguard commitment to privatize sugar companies. Will mobilize resources to support expansion and modernization programme for the company.

South Nyanza Sugar Company Limited
South Nyanza Sugar Company Limited - GOK: 98.8%, ICDC: 0.7% & IDB: 0.3%

To meet Government - COMESA Sugar Safeguard commitment to privatize sugar companies. Will raise funds for the rehabilitation of the mill.

Muhoroni Sugar Company
Muhoroni Sugar Company Ltd. (Under receivership) - ADC: 16.9% & Development Bank of Kenya: 0.3%

To meet Government - COMESA Sugar Safeguard commitment to privatize sugar companies. Restructuring and privatization will address the excess debt and the resources required by the company.

TFC: 98.2%

Mobilization of resources to rehabilitate and modernize existing facilities. Privatization proceeds will also support the industry through additional loans by TFC. Recommended privatization method will also address the best option for ownership and management of hotels owned by TFC

TFC: 72.92%;Trans-Nzoia County : 27.04

Mobilization of resources to rehabilitate and modernize existing facilities. Privatization proceeds will also support the industry through additional loans by TFC.

Recommended privatization method will also address the best option for ownership and management of hotels owned by TFC.

 

 

Golf Hotel Limited
TFC: 80% & Kakamega County: 20%

Mobilization of resources to rehabilitate and modernize existing facilities. Privatization proceeds will also support the industry through additional loans by TFC. Recommended privatization method will also address the best option for ownership and management of hotels owned by TFC.

Nzoia Sugar Company
Nzoia Sugar Company - GOK: 97.93% & IDB Capital Limited: 0.94%

To meet Government - COMESA Sugar Safeguard commitment to privatize sugar companies. Will address the excess debt situation and mobilize resources to support expansion and modernization programme.

Miwani Sugar Company Ltd. (Under receivership) - GOK: 49%

To meet Government - COMESA Sugar Safeguard commitment to privatize sugar companies. Will address the excess debt and the financial and human resource needs of the company.

Sunset Hotel Limited
TFC: 95.4% & Kisumu County: 4.6%

Mobilization of resources to rehabilitate and modernize existing facilities. Privatization proceeds will support the industry through additional loans by TFC.

Recommended privatization method will also address the best option for ownership and management of hotels owned by TFC.

Kenya Safari Lodges and Hotels Limited
TFC: 63.42% and KWS: 0.02%

Mobilization of resources to rehabilitate and modernize existing facilities. Privatization proceeds will support the industry through additional loans by TFC. Recommended privatization method will also address the best option for ownership and management of hotels owned by TFC.

TFC
TFC Associated Companies: (i) International Hotels Kenya Limited – TFC: 40%; (ii) Kenya Hotels Properties Limited – TFC: 33.83%; (iii) Mountain Lodge Limited – TFC: 39.11%; and Ark Limited – TFC:5.64%

Privatization proceeds will support the industry through additional loans and investments by TFC.

National Bank of Kenya
National Bank of Kenya - GOK: 22.5% & NSSF: 48.05%

To mobilize resources to support the Bank’s future growth, support the growth and stability of the financial sector and the capital markets, enhance corporate governance, broaden shareholding and to recoup part of Government investment to finance other development projects.

Consolidated Bank of Kenya
Consolidated Bank of Kenya: Deposit Protection Fund - 50.2%; and shares allocated to a number of State Corporations and Government institutions on account of deposits placed by them in the weak banks merged to form Consolidated Bank: 48.8%

To mobilize necessary resources to support the Bank’s future growth, support the growth and stability of the financial sector, enhance corporate governance and broaden shareholding.

Development Bank of Kenya
Development Bank of Kenya - ICDC: 89.3%

To release funds invested by ICDC for lending to industry and other enterprises. Will address the bank’s financial and management resource needs. Will pass financial and operational risk from Government to the private sector.

Agrochemical and Food Corporation - ADC: 28.2% & ICDC: 28.8%

To address financial and management resource needs. Also to address the company’s excess debt.

Kenya Wine Agencies
Kenya Wine Agencies - ICDC: 72.6%

To guarantee its continued existence and viability.

Kenya Meat Commission
Kenya Meat Commission - GOK: 100%

Restructuring and privatization will address KMC’s future viability and the required financial and management resources.