Kenya Railways Corporation (KRC) slumped into a Sh50.37 billion deficit in the financial year that ended June 2024, topping the list of State agencies whose operational costs outstripped revenues, forcing them to continuously rely on support from the exchequer.
Disclosures by the National Treasury show that the Central Bank of Kenya (CBK) had the second largest deficit at Sh24.34 billion, while the Kenya National Trading Corporation came in third at Sh5.47 billion.
