This was part of the Kenya Government divesture of its state corporations as part of the policy recommended by the World Bank and IMF on reforms of the public sector. The Government of Kenya wanted to divert its minority shareholding in KVM.  The assignment involved valuation of the company as a going concern as opposed to the liquidation or break-up basis at the fair market value of the company. The valuation involved:

• Carrying out business analysis for the motor vehicle assembly plant.
• Reviewed its past performance and economic factors both prevailing in the past and projected for the future.
• Based on the information gathered, made projections of the performance of the company for the next 10 years.
• Carried out business valuation, which formed the basis for the government divestiture and negotiation an appropriate share price.