The Kenyan administration wants to review some of its privatisation commitments without damaging its good relations with the Washington DC-based international lending institutions.
Keen to alienate neither his political allies nor his foreign partners, the Kenyan president is saying very little about the controversial draft legislation.
The ruling coalition is scrutinising the books of Kenya's independent electricity producers, whose tariffs skyrocketed in 2022. One of the aims of the investigation is to uncover potential links with the previous administration of Uhuru Kenyatta.
The Kenya Revenue Authority has been haemorrhaging employees and struggling to recruit new staff at a time when the government is raising taxes across the board.
Unable to pay civil servants or county government subsidies, the Kenyan president is considering resorting to international markets to cope with a cash shortage.
Plans to build the two Rift Valley dams were shelved in 2019 over concerns about corruption that led some of William Ruto's allies to lose their government jobs. The new president is now tentatively talking about getting the projects off the ground again.