It has emerged the Government used Kenya Airways (KQ), Kenya Airports Authority (KAA), Kenya Railway, Kenya Electricity Generating Company (KenGen) and Kenya Power as collateral. The struggling KQ was used to secure Sh76.4 billion while KAA guaranteed Sh33.7 billion loan. Others are KenGen (Sh10.8 billion), Kenya Power (Sh14 billion) and KBC (Sh6.9 billion). The country’s nominal debt level hit Sh5.28 trillion in December last year and is projected to hit Sh6.3 trillion by 2019/20 financial year. For the latest news in entertainment check out Sde.co.ke and Pulser.co.ke , for everything sports visit Gameyetu.co.ke and ladies we have you covered on Evewoman

Source: Standard Digital April 25, 2019 21:05 UTC