CBK Raises Alarm Over Increased Borrowing by Government Parastatals
Increased borrowing of billions of shillings by parastatals to cover salaries, wages, and other operating costs has alarmed the Central Bank of Kenya (CBK), which is concerned that this will make it harder for the parastatals to repay the loans. According to the CBK, the parastatals find themselves in a bad financial position owing to […]Read More