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    Consulting firm IPE Africa rebrands, appoints new country head

    851 million was not lost Embu County maintains

    851 million was not lost Embu County maintains

    Covid-19 brings out the resilience of Kenya’s flower industry

    Covid-19 brings out the resilience of Kenya’s flower industry

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    Hennessy launches new initiative to support bartenders in Kenya

    Hennessy launches new initiative to support bartenders in Kenya

    Mitumba trade employs over 2 million Kenyans new report reveals

    Mitumba trade employs over 2 million Kenyans new report reveals

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    Equity land Ksh16.5 billion loan to support MSMEs

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Kenyan Business Feed
  • Home
  • News
    Hennessy launches new initiative to support bartenders in Kenya

    Hennessy launches new initiative to support bartenders in Kenya

    High impact enterprises in Africa rewarded

    High impact enterprises in Africa rewarded

    ‘Peace more powerful than war’, Pope Francis says in Iraq

    ‘Peace more powerful than war’, Pope Francis says in Iraq

    ABSA Group Deputy CEO dies of COVID-19 complications

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    How much YouTube pays influencers for 100,000, 1 million, and 150 million views

    Consulting firm IPE Africa rebrands, appoints new country head

    Consulting firm IPE Africa rebrands, appoints new country head

    851 million was not lost Embu County maintains

    851 million was not lost Embu County maintains

    Covid-19 brings out the resilience of Kenya’s flower industry

    Covid-19 brings out the resilience of Kenya’s flower industry

  • Markets
    Hennessy launches new initiative to support bartenders in Kenya

    Hennessy launches new initiative to support bartenders in Kenya

    Mitumba trade employs over 2 million Kenyans new report reveals

    Mitumba trade employs over 2 million Kenyans new report reveals

    African Airlines Association call for support measures to rescue continent aviation industry

    African Airlines lost Ksh1 trillion in 2020

    Equity land Ksh16.5 billion loan to support MSMEs

    Equity land Ksh16.5 billion loan to support MSMEs

    Electric Boda-Bodas’ Launched in Kenya

    Electric Boda-Bodas’ Launched in Kenya

    World Animal Protection calls for an End to wildlife trade

    World Animal Protection calls for an End to wildlife trade

    JKIA and Moi International Airport named the best in Africa

    JKIA and Moi International Airport named the best in Africa

    tvN – Korea’s top entertainment brand debuts on DSTV

    tvN – Korea’s top entertainment brand debuts on DSTV

    Samsung Named Top Global TV Manufacturer

    Samsung Named Top Global TV Manufacturer

  • Real Estate
    17% of Kenyan Billionaires looking to buy a house in 2021

    17% of Kenyan Billionaires looking to buy a house in 2021

    Kenyan Firm awarded Most Innovative Community Developer 

    #OmokaNaAlma: This is how you get awarded Sh50,000 by Cytonn Real Estate

    Developing Countries Set To Lose Sh22 Trillion Due to COVID-19

    Commercial office rents fall 13pc in quarter 3 & 4 of 2020

    New Construction Technology to help NHC deliver affordable homes

    New Construction Technology to help NHC deliver affordable homes

    NCBA partners with Shelter Afrique to finance properties in 5 counties

    NCBA partners with Shelter Afrique to finance properties in 5 counties

    New Ksh350Million Commercial centre to be constructed in Athi River

    New Ksh350Million Commercial centre to be constructed in Athi River

    Greenpark Estate injects Ksh15M to its development

    Greenpark Estate injects Ksh15M to its development

    LG’s OLED Honoured at the Technology and Engineering Awards

    LG’s OLED Honoured at the Technology and Engineering Awards

    Kenya’s position as a Digital Media Hub gaining momentum

    Kenya’s position as a Digital Media Hub gaining momentum

  • Tech
    Electric Boda-Bodas’ Launched in Kenya

    Electric Boda-Bodas’ Launched in Kenya

    Konza Technopolis, Israel to host Innovation Challenge

    Konza Technopolis, Israel to host Innovation Challenge

    TikTok releases H2 2020 Global Transparency Report

    TikTok releases H2 2020 Global Transparency Report

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    OPPO Announces Global Partnership with Volkswagen

    2 Kenyans selected to create African Inspired stickers for New Chat App

    2 Kenyans selected to create African Inspired stickers for New Chat App

    Mobile Phones contribute to the realisation of UN SDGs – 2020 GSMA report says

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    realme awards fans to Valentines through DaretoLove Campaign

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    IoT predictions for 2021: Smarter tech will make better business

    IoT predictions for 2021: Smarter tech will make better business

  • World Business
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    OPPO Announces Global Partnership with Volkswagen

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    World Engineering Day to Be Celebrated in Kenya

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    Ford Vehicles to be powered by Android and Google apps in new deal

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    DHL Express Named Best Employer in The World

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    Meet the founder of Safari Doctors Umra Omar

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    Kenya to receive Ksh 1 billion from Google for economic recovery

    Kenya to receive Ksh 1 billion from Google for economic recovery

  • KBF
    • All
    • Agribusiness
    • Banking
    • Insurance
    • Manufacturing
    • Opinion
    ACCA calls for a more inclusive approach to economic recovery

    ACCA calls for a more inclusive approach to economic recovery

    Hennessy launches new initiative to support bartenders in Kenya

    Hennessy launches new initiative to support bartenders in Kenya

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    How much YouTube pays influencers for 100,000, 1 million, and 150 million views

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    851 million was not lost Embu County maintains

    Covid-19 brings out the resilience of Kenya’s flower industry

    Covid-19 brings out the resilience of Kenya’s flower industry

    Trouble at Britam as top executives face sack one month after new CEO takes office

    Trouble at Britam as top executives face sack one month after new CEO takes office

    Citibank establishes programme to support women owned businesses

    Citibank establishes programme to support women owned businesses

    Opinion: Now is The Time to Redeem the Nursing Profession

    Opinion: Now is The Time to Redeem the Nursing Profession

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      Trouble at Britam as top executives face sack one month after new CEO takes office

      Trouble at Britam as top executives face sack one month after new CEO takes office

      Citibank establishes programme to support women owned businesses

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      Equity land Ksh16.5 billion loan to support MSMEs

      Equity land Ksh16.5 billion loan to support MSMEs

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      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

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      Trouble at Britam as top executives face sack one month after new CEO takes office

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State corporations, other organizations owe Treasury over Ksh.800B – Citizentv.co.ke

by Kenyan Business Feed
May 3, 2019
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State corporations and other government agencies owe the national government close to Ksh.800 billion in loans.

According to last year’s budget estimates, the monies were lent to 72 organisations as at June 30, 2018 but only Ksh.69 billion was repaid.

Among the heavy state borrowers actively servicing their loans includes Kenya Railways which tops the list at Ksh.473 billion.

A huge chunk of this channelled to the construction of the standard gauge railway line from Mombasa to Nairobi.

Electricity producer KenGen has a debt of Ksh.108 billion, this being part of government efforts to increase power generation in the country.

Kenya Airports Authority (KAA) owes Ksh.930 million, while struggling Mumias Sugar Company owes the State Ksh.2.5 billion and is unable to pay, according to the report.

Out of the total monies lent to 29 of these corporations, the government is contending with Ksh.116.8 million non-performing loans.

The government lent Ksh.869 billion over a period of time out of Ksh.683 billion currently being serviced.

The government has however written off Ksh.27 billion debt following a cabinet approval in May last year.

Athi Water Services Board is leading the pack on bad debts at Ksh.39.1 billion while Lake Victoria South Water Services Board comes second owing Ksh.13.1 billion, in what is appears to be a worrying trend from water service boards.

In May 2018, the government wrote off of bad debts to 21 organisations amounting to Ksh.27.2 billion.

Benefiting entities included Coffee Board of Kenya and Pyrethrum Board of Kenya which collapsed years ago.

However, none of the five state owned sugar millers slated for privatisations had their debts cancelled; a factor that negates efforts to reform the sugar industry in the country.

Interesting to note, banking institutions also feature among the borrowers. Equity Bank and Cooperative Bank for instance, which took loans of Ksh.468 million and Ksh.476 million respectively but are actively repaying.

The government acknowledges that total monies lent increased by 70 percent to Ksh.868.9 billion which government borrowed on behalf of various agencies undertaking key projects in the country.

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