Kenya: President Ruto Urges Financial Discipline in State Corporations

Nairobi — President William Ruto has issued a stern warning to loss-making parastatals, emphasizing the need for stringent financial management. He urged profitable entities to curb wasteful expenditure and channel profits back to the Treasury.

Addressing chairs and CEOs of State corporations at State House Nairobi, President Ruto highlighted the detrimental effects of prolonged losses on the nation’s economy.

He stressed the imperative for government agencies to operate within their means, with…