Treasury moves to monitor and clean up parastatal loans amid defaults
Business
Treasury moves to monitor and clean up parastatal loans amid defaults
The Treasury’s latest annual monetary report shows that the value of on-lent loans now stands at more than Sh1 trillion, made up of Sh874.91 billion in donor-funded financing and Sh322 billion from the national government. Many of these loans, the report notes, have been poorly utilised, with some projects stalling or failing to start.
By Maureen Kinyanjui