People Daily | by Lewis Njoka
Commercial State corporations posted a paltry Sh5.1 million profit in the financial year 2019/2020 year which was a drastic drop from Sh31.7million declared the previous year, a report has revealed.
According to the National Treasury report, total profit declared by State corporations dropped by a massive Sh26.6million from Sh31.7 million in financial year 2018/2019 in what has been a downward trend in the recent past.
“The big drop was mainly attributed to Kenya Railway Corporation that posted Sh24,178 million loss in 2019/2020 compared with…
