A new report indicates that 70 water companies in Kenya are saddled with debts surpassing Sh25 billion, risking their closure. The Parliamentary Budget Office (PBO) has released this information, highlighting severe financial challenges across various regions.
According to a report from the Parliamentary Budget Office (PBO), 70 water companies across Kenya are burdened by substantial debts totaling more than Sh25 billion. This situation could lead to their closure, as outlined in the recent analysis.
Among the companies with the highest debts is Tavevo Water Company, owing Sh965.35 million. Mombasa Water Company is also noted among those facing financial difficulties. Other regions following closely include Kakamega with Sh671.9 million in debt, Nakuru with Sh683.6 million, Kwale with Sh618.6 million, and Kilifi Mariakani with Sh506 million. Malindi and Nairobi are similarly flagged, with some reports mentioning Sh2.2 billion in liabilities.
The report underscores significant implications for water management in the country, though no further details on remedial actions are provided.