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Industrial and Commercial Development Corporation (ICDC) is a Kenyan government-owned development finance institution.. ICDC is a government parastatal, whose primary objective is to facilitate the investment by Kenyans in the economy of the country, while simultaneously providing financing to Kenyan businesses and manufacturers, thus growing the local economy. [1]
Kenya Electricity Transmission Company Limited, commonly referred to as KETRACO, is a wholly-owned parastatal of the Government of Kenya which serves as the primary Transmission System Operator in the Republic of Kenya.
A Kenya Railways GE U26C type locomotive Parastatals in Kenya, partly from a lack of expertise and endemic corruption, have largely inhibited economic development. In 1979, a presidential commission went as far as saying that they constituted "a serious threat to the economy", and, by 1989, they had still not furthered industrialization or ...
The Geothermal Development Company (GDC) is a wholly owned parastatal of the Government of Kenya. It is mandated to execute surface geothermal development, including prospecting for, drilling, harnessing and selling geothermal energy to electricity-generating companies for energy production and sale to the national grid. [1]
The Kenyan courts ruled that EAPCC does not qualify to be a government Parastatal because NSSF shares do not belong to the State but to contributors. This means that the government of Kenya cannot control, hire or fire its management. [12] The ruling also stopped attempts by the government to make Lafarge dilute its stake in EAPCC.
The Kenya Shipyards Limited (KSL) is a state-owned corporation in Kenya. It is a limited liability parastatal company, under the Kenya Ministry of Defence. The company was created by Executive Order CAB/GEN.3/1/1 (60), on 14 August 2020.
The company was founded in 1975, as a public limited liability company, by three Kenyan parastatal companies: Industrial and Commercial Development Corporation, Kenya Wine Agencies Limited (KWAL), and Kenya National Trading Corporation. The main objective at the time was to create outlets for the equitable distribution of commodities and to ...
The National Youth Service (NYS) is an organisation under the Government of Kenya.It was established in 1964 to train young people in important national matters. In 2019, the organization was transformed from a state department to a fully fledged semi-autonomous state corporation after enactment of NYS act, 2018 [2]] by the Kenyan parliament.