parastatals

Commercial banks reduced their lending to semi-governmental institutions by 14.7% in July compared to the same period last year, the largest decline in four years. This comes as state-owned companies struggle to service debts owed to…

New data from the National Treasury showed that the money the government generates from non-tax sources such as service charges, as well as absorbing surplus funds from parastatals, more than quadrupled in the first two months of the…

Cash-rich parastatals are bracing for tough times after the state moved to raid their coffers in a move that will also see them hand over their surplus cash to the Treasury rather than investing in government paper. President William…

Treasury Minister Njuguna Ndongo has put forward far-reaching legal changes that seek to provide a new framework for establishing, monitoring and measuring the performance of government-owned companies. The Government-Owned Enterprises…

Parastatals in Kenya have been banned from holding idle funds in bank accounts under a new public finance reform plan that seeks to promote transparency and efficiency in the use of public resources. Treasury Minister Njuguna…

Retail investors hold a larger share of government debt than insurance firms and parastatals combined, cementing their status as the fastest-growing class of domestic lenders to the State. Data from the Central Bank of Kenya (CBK) shows…

Columnists Want to pay Kenya’s Sh10 trillion debt? Sell all these parastatals now Monday October 09 2023 Kenya Power Offices along Aga Khan Walk as pictured on April 23, 2023. Kenya Power restructuring featured in the fifth review…

Economy Lawmakers push parastatals to account for own-source cash Friday September 01 2023 National Assembly Departmental Committee on Finance and National Planning members led by the chairman Kimani Kuria (2nd right) during the…