Business Daily | by John Mutua
A majority of State corporations and agencies have not honoured a directive by the Treasury to pay over Sh346.2 billion owed to suppliers and contractors, piling pressure on businesses already weighed down by debt and the negative economic effects of the Covid-19 pandemic.
President Uhuru Kenyatta had in June 2019 directed State corporations, ministries, agencies and the 47 county governments to clear pending bills that had been approved for payment.
Treasury Secretary Ukur Yatani admitted that the State firms had…
