ABSTRACT
All post-independence state corporations in Kenya were established in realisation of commitments made in the ruling party’s manifesto and reiterated thereafter in the Sessional Paper No. 10 of 1965 on African Socialism and its application to planning in Kenya. The economy of Kenya is controlled jointly, albeit in differing proportions, by the following sectors: the co-operative movement; the public sector; the private enterprise; and the informal sector. Since more than 70 per cent of the Kenyan population depends on agriculture and related activities, the efficiency and effectiveness of state corporations led to marked reductions in marketing overheads. The Industrial and Commercial Development Corporation and the Kenya Industrial Estates Limited, among others, have been active in assimilating the indigenous entrepreneur into the main-stream of economic activity. Privatisation or contemplated divestiture of public investments is a phenomenon in Kenya.
