Cash-strapped parastatals to get Sh65b

nairobi city county
[Image source: African Arguments | Credit: Nina R.]


The Standard | by Dominic Omondi


The government might use an additional Sh65 billion to bail out cash-strapped parastatals in the next financial year, the International Monetary Fund (IMF) has revealed.

In its first review of the Sh256 billion programme, the IMF noted that government officials had indicated that State-owned enterprises (SOEs) undergoing restructuring would use the money to stay afloat…

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