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PUBLIC PARTICIPATION ON THE DRAFT ASSETS VALUATION POLICY FRAMEWORK

The County Executive Committee Member for Devolution, Administration, Public Service Management, Partnerships, Liaison, and Linkages, Janet Kurgat, together with her counterpart, the CECM for Youth, Sports, ICT, and Innovation, Robert Kemei, on Tuesday joined members of the public in a stakeholder engagement forum organized by the National Treasury on the Draft Assets Valuation Policy Framework for the Public Sector.

The forum, held at the Rift Valley Technical Training Institute Hall, brought together representatives from civil society, youth groups, public servants, and professionals with the aim of sensitizing the public and collecting their input on the proposed policy framework.

CECM Janet Kurgat emphasized the importance of inclusive governance and transparency in the management of public assets.

“Public participation is not just a constitutional requirement, but a cornerstone of good governance,” said Kurgat. “This policy will shape how public assets are valued, managed, and safeguarded. It is only fair that the public has a voice in how we move forward.”

On his part, CECM Robert Kemei lauded the initiative as both timely and necessary, particularly for youth-led innovations and digital infrastructure, which are often overlooked in asset inventories.

“As counties invest more in technology and innovation, it is essential that our assets are correctly valued and documented,” said Kemei. “This framework provides an opportunity to build accountability and ensure resources are put to the best use for future generations.”

Officials from the National Treasury led discussions on the policy’s objectives, which include enhancing uniformity in asset valuation, improving financial reporting standards, and aligning with international best practices.

The public was given the opportunity to raise concerns, ask questions, and make recommendations, which will be compiled into the final policy report.

A Treasury representative noted:
“We believe in co-creation. This process ensures the policy is grounded in the realities and expectations of the people it is meant to serve.”

The Draft Assets Valuation Policy Framework seeks to streamline the valuation, reporting, and management of government assets—ranging from land and buildings to digital and intellectual property—across all levels of government.

Also present were Simat/Kapsaret Member of the County Assembly, Hon. Moses Kebenei, and Penina Tallam, Principal Quality Assurance and Standards Officer, Eldoret City.