Taxpayers coughed up Sh1.44 billion to bail out State-owned firms in the year to June, with East African Portland Cement Company (EAPCC) #ticker:PORT being the latest to join those unable to pay debts.
This was an increase on the Sh1 billion the Treasury paid the previous year for State broadcaster KBC and Tana River Development Authority (Tarda), underlining the burden of settling parastatals debt.
