A report from Treasury has listed at least 20 state agencies whose losses crossed the KSH. 1B mark in 2023, highlighting their increasing budget on taxpayers.
Kenya Railways Corporation (KRC) topped the list with a loss of KSH. 33.56B in the review period, followed by the Roads Annuity Fund at KSH. 12.8B. The Kenyatta National Hospital was third with a loss of KSH. 3.52B.
Below are the top 10 agencies from the listed 22, according to the report.
1. Kenya Railways Corporation – KSH. 33.56B
2. Roads Annuity Fund – KSH. 12.81B
3. Kenyatta National Hospital – KSH. 3.52B
4. Kenya Power (KPLC) – KSH. 3.41B
5. Kenya Medical Supplies Authority (KEMSA) – KSH. 3.13B
6. KeNHA Levy Fund – KSH. 3.09B
7. Kenya Revenue Authority (KRA) – KSH. 2.48B
8. East African Portland Cement Company (EAPCC) – KSH. 2.37B
9. Kenya National Highways Authority (KeNHA) – KSH. 2.33B
10. National Transport & Safety Authority (NTSA) – KSH. 2.3B
11. Road Maintenance Levy Fund – KSH. 2.12B
12. Kenyatta University (KU) – KSH. 2.01B
13. National Irrigation Authority – KSH. 1.88B
14. National Cereals & Produce Board (NCPB) – KSH. 1.76B
15. Higher Education Loans Board (HELB) – KSH. 1.62B
16. New KCC – KSH. 1.39B
17. Kenya Wildlife Service – KSH. 1.39B
18. Jomo Kenyatta University of Agriculture and Technology (JKUAT) – KSH. 1.12B
19. Tanathi Water Works Development Agency – KSH. 1.09B
20. Uiversity of Nairobi (UoN) – KSH. 1.05B
From the Treasury report, most of the above state agencies have been relying on bail outs, pushing the Government to seek alternatives to make them profitable, including privatization.
