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Treasury in Sh60.5bn firms’ loan guarantees
Auditor-General Edward Ouko at a past event. PHOTO | FILE
The Treasury has soaked up a total of Sh60.5 billion in loan guarantees to State firms, exposing taxpayers to high risk of defaults.
The Treasury’s debt management strategy for 2017 indicates that Kenya Ports Authority accounts for 72 per cent or Sh43.5 billion of the outstanding State-guaranteed loans.
