Taxpayers face Sh28.5bn hit as State firms seek debt write-offs

State firms are seeking to write off about Sh28.55 billion in loans after years of defaults, effectively shifting the financial burden to taxpayers.

The Treasury’s Government Investment and Public Enterprises annual report for the year to June 2025 shows that the write-off requests submitted to the Cabinet form part of Sh511.44 billion in principal and accrued interest tied to earlier loans.