At least seven parastatals have joined a growing list of more than 16 cash-strapped State-owned corporations that have been declared insolvent by the Auditor General this year, adding to the burden of keeping the once profitable entities afloat.
The Kenya Bureau of Standards (Kebs) is the latest to join the list of entities in the red, after it sank into a Sh1.5 billion budget deficit in the year ended June 2021.
