Here is the full list of 14 STATE FIRMS that have looted a whopping 14 billion taxpayers’ money-UHURU please, do something


Thursday November 29, 2018-At least 14 State Corporations lost a whopping Sh14 billion of taxpayers’ money in the last financial year.

This comes even as there were earlier proposals to disband some of the parastatal and merge some; a move that would have saved us the 14 billion which was lost just like that.

The lost funds are more than three times the allocations to the countrywide free maternity healthcare programme that is meant to reduce maternal deaths.

Top on the list is the Kenya Railways Corporation (KRC) and Nzoia Sugar Company, which has been “sick” since its establishment 40 years ago.

Here is the full list;-

                                                             Ksh(Millions)

Kenya Railway Corporation         5,638

Nzoia Sugar                                      3,319

Post Bank                                          1,165

South Nyanza Sugar                       1,611

Agro-Chemicals                               702

Consolidated Bank                          336

Agricultural Dev. Corporation     281

Kenya Meat Commission               228

Jomo Kenyatta Foundation          118

Postal Corporation                         83

Tourist Finance Corporation        32

UoN Enterprise                                59

Sunset Hotel                                     48

Kenya Safari Lodges                       32

The Kenyan DAILY POST

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