Privatization of State-Owned Enterprises and its Effects on the Performance of the Kenyan Economy

Abstract

This study examined privatization in Kenyan with reference to whether there existed relationships between privatisation of SOEs, criteria used to select SOEs for privatisation; management of SOEs and their performance in the Kenyan economy. The target population comprised of 275 employees of Kenya pipe line. Survey research design and simple random sampling were used in this study. The researchers used 30% of the target population to arrive at an accessible population of 75 employees as respondents for this study. Questionnaires were used for data collection. Data was analyzed using paired samples t-test with the help of SPSS and results were presented using Tables. Interpretation of results were based on α (.05), df, p value, t-values and t-critical. The findings of the study revealed that there were relationships between privatisation of SOEs, criteria used to select SOEs for privatisation, and management of SOEs and their performance on the Kenyan economy. The results were significant and out of this study, recommendations were made to the Kenyan government and state owned enterprises in Kenya.