At least 29 State-owned entities have applied to write off historical loans deemed unrecoverable, even as defaults rise and Kenya Railways’ SGR debt remains unpaid.
By
Patrick Alushula
Business Reporter
Nation Media Group
State firms are seeking to write off about Sh28.55 billion in loans after years of defaults, effectively shifting the financial burden to taxpayers.
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If approved, the write-offs would transfer the financial burden to taxpayers.
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The push from MPs comes at a time when at least 29 State-owned entities have applied for write-offs of about Sh28.55 billion in…
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