Author: Michael Wandey

Over the last five years, NSE Investors in state-run firms have recorded a loss of wealth to the tune of Sh164.1 billion from companies controlled by the government or have a major influence. The losses are likely to be permanent to the investors as the financial conditions of such firms as Mumias Sugar Company, Kenya Power, Kenya Airways, and Uchumi Supermarkets have proven to be risky state-run enterprise investments. At the end of 2017, KenGen, Kenya Re, and East African Portland Cement Company (EAPCC) had a combined market capitalization of Sh214.4 billion (share prices multiplied by the total number of…