After KMC, tame loss-making streak in other State agencies

For decades, some State firms have become financial black holes draining taxpayers’ money. Their creation was noble but along the way, especially after liberalisation of the Kenyan economy in the 1970s, they were unable to fight irrelevance.

They were also stages for grand theft ruined by a deadly mix of debt and politics. And their terrible state has even rendered them untouchable to private investors.