Parastatals borrow extra Sh34 billion from banks amid struggling economy

Parastatals borrowed an extra Sh34.2 billion from commercial banks in the 12 months to October 2023. PHOTO | POOL

Parastatals borrowed an extra Sh34.2 billion from commercial banks in the 12 months to October 2023, signalling the growing cash needs of the State-owned enterprises. 

Data from the Central Bank of Kenya (CBK) shows that banks had disbursed loans worth Sh107.9 billion to parastatals in the review period.

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Note: The results are not exact but very close to the actual.