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State corporations that will lose Treasury funding

Cabinet approved all professional bodies currently classified as state corporations should be declassified.

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by WILLIAM WANYOIKE

Infographics22 January 2025 - 13:11
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In Summary


    THE STAR INFOGRAPHICS

    THE STAR INFOGRAPHICS


    The National Treasury assessed 271 State Corporations, excluding those earmarked for privatization.

    The reforms include merging 42 State Corporations with overlapping or related mandates into 20 entities to improve operational efficiency and eliminate redundancy.

    Nine State Corporations will be dissolved, with their functions transferred to relevant ministries or other State entities, while 16 corporations with outdated functions that can be provided by the private sector will be divested or dissolved.

    Cabinet on January 21, 2025 approved all professional bodies currently classified as state corporations should be declassified and should not be financed through budgeting allocations.

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