The Standard | by Wainaina Wambu
The Government is no longer keen on bailing out loss-making State corporations, Treasury Cabinet Secretary Ukur Yatani said yesterday.
Yatani’s comments came on the back of a Treasury report, revealing that out of 247 State corporations, 127 made either losses or deficits.
The CS said in light of the impact of coronavirus and shrinking revenues, the government cannot afford the “luxury” of rescuing parastatals, most of which are plagued with mismanagement issues…
