Fresh details emerged revealing the extent to which crucial state corporations face extreme financial difficulties.
Snippets of the latest audit reviews of the respective agencies show that more than 23 state-owned businesses were in the red as of June 30, 2022.
Auditor General Nancy Gathungu cast doubt the cash-strapped entities have a future unless their respective managers act to salvage them.
Some flagged entities have been in the financial 'intensive care unit' for years, with their debt portfolios growing by the day.
Kenya Broadcasting Corporation has topped the list of broke state firms with a negative working capital of Sh92 billion.
Gathungu reports that apart from this, the state broadcaster has continued to make losses that have now built up to Sh88.4 billion.
