Delays in settling debt owed to contractors and firms continue to be a nightmare for the private sector, leading to lay-offs of staff, scaling down operations or closure of shops.
By
John Mutua
Business Reporter
Nation Media Group
State entities cut their pending bills and associated penalties by a combined Sh31.37 billion in the nine months to March this year, helping ease cash flow woes that contractors are grappling with due to unpaid debt.
At least 29 State-owned entities have applied to write off historical loans deemed unrecoverable, even as defaults rise and Kenya…
Kenya’s Sh4.82T budget deepens debt concerns as domestic borrowing surges, raising fiscal deficit fears and pressure on private…
If approved, the write-offs would transfer the financial burden to taxpayers.
The rise in debt comes even as the government has accelerated a series of liability management operations designed to smoothen…
Treasury data shows at least 14 state-owned enterprises had accumulated Sh44.87 billion in non-guaranteed debt by June 2025, much…
The deficit has persisted despite repeated promises of fiscal consolidation, reflecting insistent pressure from debt repayments,…
