i) To prevent foreign dominance of the economy.-By starting Public Corporation to invest in areas where locals are not able to.
(ii) To create employment opportunities in the country.- Parastatals create employment to Kenyans because they engage in production of goods and services. Government is interested in reducing unemployment in the country.
iii) To provide essential goods and services to its citizens.- Public corporations provide essential goods and services such as water,health, education which is a cure obligation of any government.
iv)To venture into businesses where private sector is unwilling.- Some private sector is unwilling to venture due to low profits or high risks involved.
v)To attract foreign investment by imitating major business projects through
public corporations.
vi)To engage in businesses which private sector is unable - due to large amounts
of capital required to start them.
vii)To stimulate economic development in the country e.g. by providing social
services.
viii)To engage in businesses that are too sensitive to be left at the hands of private sector e.g. firearms.
johnson mwenjera answered the question on February 11, 2018 at 20:28
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