Nairobi, May 24 -- State firms are seeking to write off about Sh28.55 billion in loans after years of defaults, effectively shifting the financial burden to taxpayers.

The Treasury's Government Investment and Public Enterprises annual report for the year to June 2025 shows that the write-off requests submitted to the Cabinet form part of Sh511.44 billion in principal and accrued interest tied to earlier loans.

The breakdown of outstanding loans shows at least 29 State-owned enterprises have applied for the write-offs. If approved, the losses would ultimately be borne by taxpayers, given that Treasury loans to such entities are funded from public coffers.

Top applicants seeking write-offs on historical loans that have remained in defaul...