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Kenya to issue Sh135bn roads bond for pending bills
Settlement of pending bills is part of government plans to inject liquidity into the economy and offer demand for goods and services in the private sector.
Kenya Roads Board (KRB) has received the green light to issue a Sh135 billion bond whose proceeds will be used to settle mounting pending bills that have triggered the closure and auction of some small contractors.
The Business Daily has established that the regional development finance institution, Trade and Development Bank (TDB), is arranging the planned bond whose sale is awaiting the handover of a report by the Pending Bills Verification Committee.
