The Institution of Surveyors of Kenya (ISK) has raised sharp concerns over the draft Government Assets Valuations Policy Framework 2025, warning that its current form risks undermining professional independence and exposing the country to potential mispricing of public assets.
The President of the Institution of Surveyors of Kenya Eric Nyadimo claims that the framework lacks clarity and threatens professional independence, which may lead to mispricing of public assets if experts are not allowed into the process.
The National Treasury has released the draft government assets valuations policy framework 2025 and is inviting public views on the same before September 2025.
This move has irked the Institution of Surveyors of Kenya, who claim to be sidelined in the drafting face.The surveyors allege the drafting ignored the valuable insights from the Institution of Surveyors of Kenya and the Valuers Registration Board, who are critical players in the sector.
The group is of the view that the draft framework in its current form is introducing persons not trained , registered and licensed as valuers into the profession which may harm disposal of public assets.
ISK claims there is no gap in the definition and regulation of valuation practice as alleged in the draft policy, adding that valuers are trained to value all asset classes.
ISK now says it is totally opposed to the document in its current form and wants a total overhaul of the proposed government assets valuation policy framework for the public sector, and that all stakeholders be involved for a participatory policy development to ensure any outcome is in line with existing laws and international best practice.
