Home National Treasury eyes taxpayers cash to pay Sh104bn parastatal loans

Treasury eyes taxpayers cash to pay Sh104bn parastatal loans

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Business Daily | by Constant Munda


Taxpayers may in future potentially step in and bail out nine State-owned firms, including Kenya Power, from commercial loans amounting to more than Sh104.84 billion, the Treasury has disclosed.

The loans, which the firms took out after seeking approval from the Treasury, pose potential financial burden on the taxpayer as…

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