Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Equity, Co-op owe State Sh457m on failed schemes left
Equity Bank on Muindi Mbingu Street (left) and Co-operative Bank on Parliament Road, Nairobi. The two owe the government Sh457 million arising from historical agreements.
Equity Bank and Co-operative Bank of Kenya owe the government Sh457 million arising from historical agreements where the State provided funds to the firms for onward lending to businesses, including in the agricultural sector.
Latest Treasury debt disclosures show the two tier-one lenders had the combined amount outstanding as at the end of last financial year in June 2025.
