Inside Sh400b austerity plan for ailing parastatals

Treasury Cabinet Secretary Njuguna Ndung'u when he appeared before the Senate, Nairobi, February 24, 2023. [Elvis Ogina, Standard]

State-owned enterprises (SOEs) and regulatory authorities are staring at job cuts, fewer calendar activities and capital projects over the next financial year.

This is as the government implements a strict austerity plan to unlock Sh400 billion in liquidity.