Business Daily | by Edwin Mutai
The Treasury paid Sh661.2 million to bail out cash-strapped East African Portland Cement Company (EAPCC) and Tana and Athi River Development Authority (Tarda) in the year to June 2020, a new report shows.
The amount went towards servicing state-guaranteed debts the two troubled state corporations owe.
“These payments were on behalf of East African Portland Cement Company and Athi River Development Authority,” the Treasury disclosed in the report on Public Debt Management for 2019/20 tabled in Parliament…
