×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download App

Parastatals put further strain on State coffers with Sh15b unpaid loans

Kenya Meat Commission factory in Athi River. It is one of the biggest debtors with a Sh940 million unpaid loan. [PHOTO: FILE]

The State has lost Sh15 billion in non-performing loans lent out to parastatals and Government agencies, some of which have since become defunct.

According to financial reports of State corporations over the last financial year released by Treasury, a total of 35 State organs ranging from sugar firms to local authorities owe the Government a collective Sh15.4 billion in non-performing loans.

Get Full Access for Ksh299/Week.
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in