Treasury repays Sh45bn CBK emergency loans, dues dip to 20-month low

The National Treasury building in Nairobi.  

Photo credit: File | Nation Media Group

The National Treasury has in the last six weeks replenished the Sh45.1 billion it had tapped from the Central Bank of Kenya (CBK) during a cash crunch in July, cutting outstanding overdrafts to the lowest levels in nearly 20 months.

Latest data shows the debts due to the CBK through the emergency loan facility dipped by nearly half (49.1 percent) Wednesday last week to Sh46.7 billion, from a recent peak of Sh91.8 billion in late July.

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