in the headlines: KPLC in ICU

[Mr Black]

I say let it die, how hard would it be building a new company from scratch? Kenya Power is well beyond salvaging

 

[Montecarlo]

Parastatals are government companies they are there to provide essential services and they should be profitable if well managed and they would help reduced the tax burden on citizens,think of safaricom if it was wholly government owned.
Tha'ts how the Chinese govt makes money with china engineering et al

Not all parastatals are companies. You need to understand what a company is and what a state corporation is. Not all parastatals are profit making entities that is why IPSAS was developed as an alternative to IFRS..read on it. China model is not really the best model since businesses are managed as per govt wishes. Singapore model is much better since the govt would get highly qualified executives who had studied and worked abroad to establish companies with the caveat that if it fails it winds up no bail out.

 

[Quiet Storm]

Not all parastatals are companies. You need to understand what a company is and what a state corporation is. Not all parastatals are profit making entities that is why IPSAS was developed as an alternative to IFRS..read on it. China model is not really the best model since businesses are managed as per govt wishes. Singapore model is much better since the govt would get highly qualified executives who had studied and worked abroad to establish companies with the caveat that if it fails it winds up no bail out.

A state corporation is a company, owned by the state the operative word here is corporation.
IPSAS AND IFRS are accounting standards but it doesn't take away from the fact that the companies are owned by the state and ought to be profitable and over breaking even.

 

[Montecarlo]

A state corporation is a company, owned by the state the operative word here is corporation.
IPSAS AND IFRS are accounting standards but it doesn't take away from the fact that the companies are owned by the state and ought to be profitable and over breaking even.

No sir. Allow me to to disagree with your assertion. IPSAS is applied by Non Profit making entities including international entities such as the UN

 

[Amooti]

This is a scheme to eat big. Those who still have meters will tell you that meters haven't been read for almost two years now!

The corporation reports books are in the red and the Government bails it out.

The corporation then goes after defaulters and pockets the cash.

The cash then goes into campaigns or into some deep state

 

[Ngimanene na Muchere]

Hizi ni cash cow za wakumbwa that will always be bailed out, mnataka Mama Ngina achomeke being the largest individual shareholder wa stima? Konyagi bank wachomeke being among the largest debt holder wa KQ? Mnamchezo sana