Businesses holding out for payments from the government for working capital are set for tougher times after the National Treasury did not allocate funds for the payment of pending bills running into hundreds of billions of shillings in the latest Supplementary Budget despite earlier promises to do so.
Private sector players had pegged their hopes on the Supplementary Budget II for the partial settlement of their dues following comments by Treasury principal secretary Chris Kiptoo earlier this year that the government would begin to pay claims once they were verified by a special committee President William Ruto created in June 2023.
