The loan repayments by KenGen and KPA come in a year when Treasury did not allocate cash to pay guaranteed debt, exposing Kenya Airways, which has in the past relied on the State’s support to pay...
By
John Mutua
Business Reporter
Nation Media Group
The Kenya Electricity Generating Company (KenGen) and Kenya Ports Authority (KPA) have paid a combined Sh11.76 billion of their State-guaranteed loans even as Kenya Airways (KQ) struggles to clear a similar facility.
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The non-payment of interest has contributed to the airline’s debt owed to the government growing to Sh131.4 billion in the year…
At least 29 State-owned entities have applied to write off historical loans deemed unrecoverable, even as defaults rise and Kenya…
Delays in settling debt owed to contractors and firms continue to be a nightmare for the private sector, leading to lay-offs of…
KPA has intensified efforts to recover more than Sh43.6 million in unpaid rental and cargo charges from a company linked to…
KenGen says strong water levels at key hydro dams could lead to lower electricity tariffs and a stable power supply for Kenyan…
Treasury has cut funding for Kenya’s energy and petroleum sectors despite heavy spending on fuel subsidies and rising power…
