Wagunda Leads KBC Reform Discussions with Board

Cyrell Wagunda, Principal Secretary for Public Investments and Assets Management, convened with the Kenya Broadcasting Corporation (KBC) Board of Directors to advance reforms under the Government Owned Enterprise (GOE) framework. During the session, Wagunda highlighted that the GOE Act 2025 represents a significant transformation in the operations of state-owned entities, calling it “one of the most exceptional institutional reforms in the public sector over recent years.” He explained that the legislation mandates GOEs to evolve from administrative entities into commercially oriented organizations based on robust governance and fiscal discipline. The PS instructed KBC and other GOEs to fully adhere to the Mwongozo Code and the updated legal requirements, stressing the importance of systematic planning and long-term viability. “Every organization must develop a well-defined, budgeted, and time-bound Strategic Plan that aligns with national development goals. Additionally, they must ensure financial independence to minimize dependence on the Exchequer and develop commercially successful revenue sources,” he emphasized. Wagunda further emphasized careful management of assets to protect and maximize public resources, while implementing strict measures against governance failures including conflicts of interest, irregular procurement, and inadequate reporting. The Principal Secretary encouraged the Board to enhance internal frameworks, incorporating risk assessment, audit compliance, and internal oversight mechanisms, while ensuring management responsibility and maintaining rigorous ethical practices such as interest declaration and data confidentiality. Board Chairperson Tom Mshindi presented a detailed reform strategy targeting infrastructure enhancement, content modernization, revenue growth, and digital adoption to foster innovation and engage younger demographics. KBC Chief Executive Officer Agnes Kalekye reaffirmed the dedication, expressing gratitude to PS Wagunda for his guidance and stating that these changes would be crucial in bringing the Corporation’s vision to fruition.