Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Parastatals outpace others in lending to government
Parastatals draw the bulk of their revenues from the sale of goods and services with the balance coming from transfers and grants from ministerial and State departments, investments in government securities as well as other income.
The share of the government’s domestic debt held by parastatals grew at the fastest pace compared to that held by other institutions during the six months ended December 2024, pointing to a heightened appetite by State-backed firms to invest in government securities.
A Business Daily analysis of official Central Bank of Kenya (CBK) data indicates that State agencies grew their lending stock to the government by 18.4 percent during the period, adding Sh51.1 billion in new loaning to hit Sh328.65 billion up from Sh277.55 billion at the close of June.
