On 9 October 2023, the Privatisation Bill 2023 was assented to by Kenya's President William Ruto to repeal and replace the Privatisation Act which was passed in 2005.
The most important sector of the African Economy is Agriculture. It contributes 15 percent to the Gross Domestic Product (GDP) in sub-Saharan Africa and employs more than 60 pecent of the labour force continent-wide. Agriculture accounts for 75 percent of Africa's domestic trade.