Business Daily | by Constant Munda
The Treasury’s outstanding overdraft at the Central Bank of Kenya (CBK) last week touched its highest level in more than six months, official data show, pointing to rising cash flow pressure amid revenue shortfalls.
Latest data by the CBK shows that the Treasury had as October 30 tapped Sh63.53 billion from the overdraft facility — the highest since April 17 when the figure stood at Sh64.44 billion.
The overdraft facility, a temporary source of cash for priority payments and emergencies, is usually used by Treasury when…
