Supplier arrears in parastatals up Sh108bn in six months

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Business Daily | by Constant Munda


Kenya’s parastatals, including public universities, accumulated Sh108.6 billion in additional arrears to contractors and suppliers in six months to September, signalling their worsening cash positions.

Pending bills by the State corporations jumped to Sh371.5 billion in September from Sh262.9 billion in March, provisional data from the Treasury show…

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