The agencies whose assets are at risk include the financially troubled Kenya Airways (Sh76.39 billion), Kenya Ports Authority (Sh33.7 billion), Kenya Power (Sh14.01 billion) and Kenya Electricity Generating Company (Sh10.86 billion). The others are Kenya Broadcasting Corporation (Sh6.95 billion), Kenya Railways (IDA concessionaire, Sh4.59 billion), Tana and Athi Rivers Development Authority (Sh542 million) and East African Portland Cement Company (Sh674 million). DEBT BURDENThe National Treasury, in its annual public debt management report tabled in the National Assembly, projected that Kenya's public debt will hit Sh5.6 trillion by June and about Sh7 trillion by 2022 when President Uhuru Kenyatta completes his second and final five year-term. BORROWING APPETITEMeanwhile, the Budget and Appropriations Committee is considering a proposed bill by Emgwen MP Alex Kosgey to cap public debt at Sh6 trillion. However, the PBO is of the view that it remains the function of the Gross Domestic Product (GDP) and the public debt management office to determine the optimal debt portfolio.

Source: Daily Nation April 25, 2019 13:54 UTC