University of Embu beats giants, emerges top parastatal

Board meetings are a lucrative source of income due to sitting allowances.

Treasury says corporations a drain on devolved units’ funds as they are unlikely to be self-sustaining.

It was largely seen as an answer to the needs of the country’s growing youth unemployment.

Varsity and parastatal staff expected to get pay rise after task-force completes its work.

Government used Kenya Airways, Kenya Airports Authority, Kenya Railways, Kenya Power and others as collateral.

CS Ukur Yatani has called for better collaboration between State corporations to curb wastage and improve service delivery of State projects.

Jubilee government had not fully constituted boards for 69 out of the total 180 corporations.

A recent directive by head of Civil Service Joseph Kinyua was not meant to allow the executives to serve for life.

Heads of government corporations can now be reappointed many times and work beyond the age of 60.

Huge operating expenses, cuts by the National Treasury and reduced grants have driven close to half of state corporations into financial mess.

Farmers in North Rift have expressed concern over the country’s food security status.

After their inauguration, boards of State corporations embarked on the crucial mandate of filling vacant positions of Chief Executive Officers.