Treasury data shows at least 14 state-owned enterprises had accumulated Sh44.87 billion in non-guaranteed debt by June 2025, much of it owed to commercial lenders.
By
Constant Munda
Correspondent
Nation Media Group
Commercial banks should reassess the billions of shillings in loans extended to State corporations, experts have said, warning that government backing of the debt may not be guaranteed under the new law which transformed many public agencies into public limited liability companies.
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At least 29 State-owned entities have applied to write off historical loans deemed unrecoverable, even as defaults rise and Kenya…
If approved, the write-offs would transfer the financial burden to taxpayers.
The rise in debt comes even as the government has accelerated a series of liability management operations designed to smoothen…
Inside Kenya's plan to create a massive new financial watchdog for state lenders.
Four banks remain below the minimum capital threshold as lenders prepare for a further increase in regulatory requirements at the…
Every loan agreement, including bilateral infrastructure deals and Eurobonds, must be laid before Parliament and the public.
