submitted about 4 years ago by smuchiri
- The Treasury has revealed that Equity Bank Kenya and Co-operative Bank are among five financial institutions owing the government over Sh1 billion in outstanding loans, with most of the loans held by state-controlled firms like Kenya Railway Corporation and Kenya Electricity Generating Company.
- The report shows that many parastatals and state-controlled organizations have borrowed large sums from the government, with some struggling to repay their debts, leading to concerns about financial sustainability.
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