Tanzania, Feb. 14 -- Kenya's Cabinet on Wednesday approved the sale of seven more State-owned enterprises following a meeting chaired by President William Ruto at State House in Nairobi, bringing the total number of entities set to be privatised to 17.

The seven enterprises include privatisation of the Development Bank of Kenya.

"The decision (on Development Bank) by our nation's apex policy-making organ was informed by the fact the Bank had fully transitioned into a fully-fledged depositing taking commercial bank regulated by the Central Bank of Kenya (CBK)," a cabinet dispatch said.

Others earmarked for privatisation are Golf Hotel Limited, Sunset Hotel Limited, Mt Elgon Lodge Limited and Kabarnet Hotel Limited. Hotels under the Keny...