The National Treasury is considering restructuring billions of shil-lings in loans owed by water services providers after years of near-total default left taxpayers exposed to mounting losses and stalled repayments on foreign and domestic borrowing.
Latest records show that a measly Sh2.5 billion out of Sh140.4 bil-lion to water agencies and utilities through on-lending arrangements over the years had been repaid as at June 2025.
This translates to an overall default rate of about 98.2 percent, or an outstanding balance of Sh137.9 billion.
