News
06:06
Thursday November 29, 2018-At least 14 State Corporations lost a
whopping Sh14 billion of taxpayers’ money in the last financial year.
This comes even as there were earlier proposals to disband
some of the parastatal and merge some; a move that would have saved us the 14
billion which was lost just like that.
some of the parastatal and merge some; a move that would have saved us the 14
billion which was lost just like that.
The lost
funds are more than three times the allocations to the countrywide free
maternity healthcare programme that is meant to reduce maternal deaths.
funds are more than three times the allocations to the countrywide free
maternity healthcare programme that is meant to reduce maternal deaths.
Top on the
list is the Kenya Railways Corporation (KRC) and Nzoia Sugar Company, which has
been “sick” since its establishment 40 years ago.
list is the Kenya Railways Corporation (KRC) and Nzoia Sugar Company, which has
been “sick” since its establishment 40 years ago.
Ksh(Millions)
Kenya Railway Corporation 5,638
Nzoia Sugar 3,319
Post Bank 1,165
South Nyanza Sugar 1,611
Agro-Chemicals 702
Consolidated Bank 336
Agricultural Dev. Corporation 281
Kenya Meat Commission 228
Jomo Kenyatta Foundation 118
Postal Corporation 83
Tourist Finance Corporation 32
UoN Enterprise 59
Sunset Hotel 48
Kenya Safari Lodges 32
