This article examines State Ownership and Corporate Governance: Parastatals, SOEs, and Performance: Institutional Dimensions and Reform Pathways with a focused emphasis on Kenya within the field of Political Science. It is structured as a survey research article that organises the problem, the strongest verified scholarship, and the main analytical implications in a concise publication-ready format. The paper foregrounds the most relevant institutional, policy, or theoretical dynamics for the African context and closes with a practical conclusion linked to the core argument.