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Puzzle of Sh1.9 billion Kenya paid for undisbursed loans

Controller of Budget Margaret Nyakang’o. FILE PHOTO | FRANCIS NDERITU | NMG

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By  Samwel Owino

Business Reporter

Nation Media Group

Kenyan taxpayers paid Sh1.89 billion as commitment fees for loans between July 2022 and September 2023 that have never been disbursed, Controller of Budget Margaret Nyakang’o has revealed.

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

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