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Infographics20 November 2024 - 12:06

How state corporations performed in 2023-24

Profit and loss makers

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by WILLIAM WANYOIKE
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President William Ruto’s strategy to turn around state corporations has produced a mixed bag from the agencies, with some posting stellar performances as others struggle to break even. 

The government at the beginning of the last financial year instigated spending cuts at state corporations to tame extravagance.

Travel, training, legal expenses, overtime, and costs of all non-core activities were slashed.

Treasury directed state-owned agencies to harmonise their budgets with the priorities of the Kenya Kwanza administration.

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