Loss Making Companies in Kenya: Although the government has been claiming that the Kenyan economy is growing, the reality on the ground is very disheartening.

Companies that are listed on the Nairobi Securities Exchange that were once vibrant money makers are now making losses that amount to tens of billions every year.

Take a look at the Loss Making Companies in Kenya and those that are in profit reduction mode:

1. National Bank of Kenya reports 98 per cent decline in profit after tax for the year ended December 31, 2018.

2. Housing Finance sinks into an after tax loss of Sh. 598 million for the year ended December 31, 2018.

3. Britam Holdings have announced a loss amounting to Sh. 2.86 billion for the year ended December 31, 2018. No dividend to be paid.

4. Sanlam Life Insurance reported a Sh. 1.98 billion loss for the year ended December 31, 2018.

5. Kenya Re recorded a 32 per cent drop in pre-tax profit, to report Sh. 3.104 billion profit before tax for the year ended December 31, 2018.

6. Liberty Insurance reports 10 per cent decline in profit after tax for the year ended December 31, 2018.

7. Total Kenya recorded an 18 per cent drop in net profit to earn Sh. 2.3 billion for the year ended December 31, 2018.

8. Mumias Sugar posts Sh. 15 billion loss, which is more than twice Sh. 6.8 billion loss posted in 2017.

9. Kapchorua Tea issues profit warning for the year ended March 2019.

10. Williamson Tea issues profit warning for the year ended March 2019.