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 loans after years of defaults.
Kenya requires parliamentary approval for state-agency loan write-offs (28.55bn KES), tightening public credit oversight. Government spending discipline impacts vendor payment cycles and liquidity for firms with public-sector contracts.
By
John Mutua
Business Reporter
Nation Media Group
A committee of the National Assembly wants all proposed write-off or restructuring of on-lent loans to be approved by the House, a shift that looks set to spark off supremacy wars amid efforts to curb defaults by State agencies that tap credit through the National Treasury.
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