Parastatals increased lending to the Treasury by nearly three-quarters last year, signalling easing cash flow challenges on recovery from the pandemic which had hit their revenues hardest after an aggressive mop-up of excess money in their accounts by the Treasury.
The cash-rich state-owned entities invested Sh46.49 billion in government securities, a 72.58 percent jump compared with Sh26.94 billion in 2021, data from the Central Bank of Kenya show.
