Parastatals Stories

No more loans for defaulting parastatals, Treasury declares
Lucy Mumbi  |  Jan 01, 2025

Mbadi outlined the measure in a circular to chief executives of State corporations, emphasising that defaulting entities will also be denied governmen...

Treasury cracks down on parastatals hiding surplus funds
Maureen Kinyanjui  |  Dec 23, 2024

CS Mbadi has issued a stern warning to parastatals, revealing that some regulatory authorities have been circumventing rules by using surpluses in the...

Govt suspends procurement, printing of corporate wear by state organs
Manny Anyango  |  Mar 27, 2024

Head of Public Service Felix Koskei further ordered the suspension of the purchase of promotional items such as calendars, diaries, umbrellas, power b...

Ruto orders 30pc budget cut for all parastatals, says loss-makers to shut down
Barack Oduor  |  Mar 26, 2024

The president noted that the government and all its organs must operate within their means, ensuring expenditure never exceeds revenue.