Counties drown in Sh8 billion bank loans as cash crisis worsens - News Summed Up

Counties drown in Sh8 billion bank loans as cash crisis worsens


Controller of Budget Margaret Nyakang’o/FILECounties are struggling to repay Sh7.85 billion in commercial bank loans as a cash crisis plagues the regional governments. The latest expenditure report by Controller of Budget Margaret Nyakang’o shows that many counties have taken high-interest loans to cover salaries, utilities, and other pressing expenses.


Source: The Star January 13, 2026 12:29 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */