Law firm says lenders should stop treating State-owned enterprises as quasi-sovereign borrowers just because they are government-owned.
By
Constant Munda
Correspondent
Nation Media Group
Commercial banks have cut lending to State corporations by more than two-thirds, or Sh59.7 billion in two years as legal reforms and tighter National Treasury controls prompt lenders to reassess the creditworthiness of public enterprises.
Treasury data shows at least 14 state-owned enterprises had accumulated Sh44.87 billion in non-guaranteed debt by June 2025, much…
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 Bill is part of a broader government push to streamline the operations of State corporations.
The push from MPs comes at a time when at least 29 State-owned entities have applied for write-offs of about Sh28.55 billion in…
Banks claimed that, without the alteration by Mr Mbadi, private sector lending would have slowed down this year as smaller banks…
