Financial StandardYouth, construction and hospitality among biggest beneficiaries of stimulus package meant to soften Covid-19 blow. President Uhuru Kenyatta last week unveiled a Sh53.7 billion stimulus package that is expected to lift the economy, badly battered by Covid-19. Among the biggest beneficiaries of the package are road works contractors whose dues worth Sh30 billion were paid on Friday. Maintenance of basic infrastructure, including roads and footbridges, is among the functions of counties, which are the intended beneficiaries of the president’s stimulus package. SEE ALSO: Things look up for key sectors in Sh53.7b State spending planHotels were granted Sh2 billion, which would be accessed in credit under preferential and prospectively interest-free terms.

Source: Standard Digital May 26, 2020 06:36 UTC