JUST IN: CS Mbadi Targets State Corporations for Revenue Growth and Debt Reduction 

  The national government is focusing on raising funds to support ongoing projects while aiming to reduce public debt. To achieve this, corporate leaders have been tasked to fully implement austerity measures and explore new revenue channels that align with Kenya Kwanza’s Bottom-Up economic transformation agenda. In a recent circular, National Treasury Cabinet Secretary John Mbadi called on state corporations to adopt robust financial management practices and improve cost control measures. The objective is to deliver services in the most cost-effective manner and maximize resource utilization. The circular also reminded executive and accounting officers in state corporations that incurring expenditures without
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