Taxpayers to pay millions in interest on the Sh2.3bn owed to millers

Cereal Millers Association chairman Mohamed Islam. PHOTO | SALATON NJAU | NMG

Taxpayers will foot the interest accruing from the Sh2.3 billion that the government owes millers under the maize subsidy programme concluded at the end of 2017.

The government agreed to pay interest to the processors in the event it delayed paying them for the imported subsidised maize, which it eventually did.

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