The pity of profitable State firms sinking in huge debts

By last year, the State guaranteed Sh141.4 billion taken by companies where it has shareholding, part of which is in default. [File, Standard]

The allegory of the man who killed the goose that laid the golden eggs is similar to what the Government has done to profitable State entities such as Kenya Power, Kenya Pipeline and Kenya Electricity Transmission Company Ltd.

The entities have sunk into huge debts through State policies.