Sh230bn defaults compound cash-strapped water firm woes

DNNAIROBIWATER2508B

A water point at Southlands Kijiji in Lang’ata, Nairobi. FILE PHOTO | DIANA NGILA | NMG

Water Service Providers (WSPs) are having difficulties in getting new loans to finance major projects after they defaulted on loans amounting to Sh230.4 billion ($1.8 billion) they had borrowed from development partners.

A World Bank report has disclosed that counties refused to absorb the loans taken before devolution for investment funding.

PAYE Tax Calculator

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