Seventeen parastatals holding 80 percent of Sh9.5trn public assets

Njuguna Ndung'u

Cabinet Secretary for National Treasury and Economic Planning Prof Njuguna Ndung'u.  

Photo credit: File | Nation Media Group

About 80 percent of the Sh9.5 trillion assets held by some 526 State corporations and government agencies are in the hands of some 17 entities, a report has revealed.

The report by the Treasury shows that the parastatals and semi-autonomous government agencies (Sagas) hold Sh7.6 trillion worth of assets, leaving about 500 entities holding the remaining Sh1.9 trillion assets.

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