Portland, Tarda get Sh661m bailout

Portland factory entrance. FILE PHOTO | NMG

The Treasury paid Sh661.2 million to bail out cash-strapped East African Portland Cement Company (EAPCC) and Tana and Athi River Development Authority (Tarda) in the year to June 2020, a new report shows.

The amount went towards servicing state-guaranteed debts the two troubled state corporations owe.

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