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Originally published by Kenyans
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May 20, 2026
17h ago

Govt Seeks Ksh200 Million to Set Up New State Corporations Unit Amid Budget Cuts

Govt Seeks Ksh200 Million to Set Up New State Corporations Unit Amid Budget Cuts

The Department warned that a delay in availing the funds for the creation of the unit would derail government operations and put Kenya at risk of losing billions of shillings...

✨ Key Highlights

The Public Investments and Asset Management department is requesting an additional Ksh200 million to establish a new Government-Owned Enterprises (GOE) Department to reform struggling state corporations.

  • The department has a budget shortfall of Ksh670.8 million after its allocation was reduced from Ksh4.05 billion to Ksh3.38 billion.
  • Principal Secretary Cyrell Odede presented the request to the National Assembly’s Departmental Committee on Finance and National Planning.
  • The proposed GOE department aims to operationalize the Government Owned Enterprises Act, 2025, to make parastatals commercially viable, with Ksh20 million for the GOE Selection Panel and Ksh80 million for recruiting independent directors.

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