The government has officially documented public assets valued at Sh4.965 trillion, highlighting the extent of resources under various Ministries, Departments and Agencies (MDAs) and Constitutional Commissions as of June 30, 2025.
The report, compiled by the National Assets and Liabilities Management (NALM) Department under the State Department for Public Investments and Assets Management, reveals that State Corporations dominate the portfolio.
State Corporations reported assets worth Sh4.945 trillion, representing almost all of the total, while State Departments recorded Sh15.884 billion and Constitutional Commissions Sh3.811 billion.
The figures do not include national security bodies, such as the Kenya Defence Forces, National Intelligence Service, National Police Service, and National Prisons Service.
Presenting the findings to the Principal Secretary Cyrell Wagunda, NALM Director FCPA Geoffrey Malombe highlighted the need for a complete public asset register. “Prudent management of public assets and liabilities ensures optimum economic, social and environmental benefits to the public. This promotes efficiency, accountability and value for money while safeguarding them from loss and misuse,” he stated.
Malombe emphasized that maintaining a full record of assets is crucial for better resource utilisation, improving financial performance, enhancing service delivery, and maximising value for the public.
The NALM report shows land as the most valuable asset, worth Sh1.46 trillion across 8.77 million hectares. Stalled projects and works in progress are valued at Sh1.21 trillion, while plant and machinery stand at Sh561.78 billion.
Buildings total Sh435.96 billion from 35,091 public structures, infrastructure assets Ksh.400.9 billion, and investment assets Sh311.35 billion. Together, these six categories make up 88.27 per cent of all reported assets.
Government vehicles numbered 25,081, with a total value of Sh61.15 billion. NALM plans to expand the asset register to include ICT equipment, computers, furniture, roads, railways, portable and attractive items, sub-soil resources, biological assets, and intangible assets.
Among State Corporations, the Kenya Airports Authority tops the list with Sh1.005 trillion, followed by the Kenya National Highways Authority (Sh845 billion), KenGen (Sh435 billion), Kenya Ports Authority (Sh428 billion), and Kenya Railways Corporation (Sh386 billion).
For MDAs, the State Law Office leads with assets of Ksh.3.619 billion, followed by the Ministry of Energy (Sh2.23 billion), National Treasury (Sh1.387 billion), Ministry of Lands (Sh833.88 million), and the Office of the Deputy President (Sh700 million).
Within State Departments, Wildlife tops the list at Sh159.93 million, followed by Gender (Sh137.41 million), State House (Sh111.93 million), Medium-Small and Medium Enterprises (Sh108.64 million), and Devolution at Sh105.12 million.
