Publication: Kenya State Corporations Review: Corporate Governance and Fiscal Risks of State Corporations
Date
2021-08
ISSN
Published
2021-08
Author(s)
Fiebelkorn, Andreas
Owuor, Christine
Nzioki, Diana
Abstract
This report applies the new World
Bank integrated State-Owned Enterprises Framework (iSOEF).
It covers the overall landscape of the state-owned
enterprises (SOEs) portfolio, including financial
performance and risk analysis, and provides an analysis
based on two iSOEF modules capturing key aspects of SOEs,
namely ‘Fiscal Implications of SOEs’, (iSOEF module two),
which offers an assessment of the main fiscal costs and
risks from the SOE sector in Kenya; and the underlying
‘Corporate Governance and Accountability Mechanisms’ (iSOEF
module four). A particular focus was put on financial rather
than operational performance and impact on household welfare
(i.e., iSOEF module three: distributional impact of SOE
reform). Since market-related adverse effects of Kenya’s
State Corporations were assessed as part of the Kenya
Systematic Country Diagnostic 2020, this report provides
limited discussion of State Corporations’ role in the market
(iSOEF module one) and only insofar it is relevant to the
scope of this assessment. The report is organized in the
following 5 sections: introduction, state corporations’
landscape in Kenya, fiscal relations with the government;
corporate governance and accountability; and conclusion and recommendations.
Citation
“Fiebelkorn, Andreas; Owuor, Christine; Nzioki, Diana. 2021. Kenya State Corporations Review : Corporate Governance and Fiscal Risks of State Corporations. © World Bank, Washington, DC. http://openknowledge.worldbank.org/handle/10986/36436 License: CC BY 3.0 IGO.”