State-owned corporation’s losses cloud the performance of the standard gauge railway.
By
Vincent Owino
Business & Technology Reporter
Nation Media Group
State-owned Kenya Railways Corporation’s net losses grew by Sh477 million to Sh28.16 billion in the year ended June 2025, clouding the performance of the standard gauge railway, which posted its first surplus since launch.
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The valuation is being undertaken jointly by KRC and the Ministry of Lands after repeated audit queries.
The lower debt service bill came in a year when Nairobi secured a deal with Beijing to convert three dollar-denominated SGR loans…
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The bond is tax-exempt and will be cross-listed in the regional markets, including the Nairobi Securities Exchange.
At least 29 State-owned entities have applied to write off historical loans deemed unrecoverable, even as defaults rise and Kenya…
