Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Treasury’s CBK emergency borrowings hit historic Sh107.5bn
The National Treasury building in Nairobi. Treasury’s borrowings from the Central Bank of Kenya (CBK) emergency kit have hit an all-time high of Sh107.5 billion.
Treasury’s borrowings from the Central Bank of Kenya (CBK) emergency kit have hit an all-time high of Sh107.5 billion, exposing the extent of government’s cash flow pressures as it raced to settle interest on domestic loans.
CBK has disclosed in its latest weekly release that the government overdraft at the institution rose by Sh44.5 billion to Sh107.5 last week, extending a trend witnessed the previous week when the borrowings had grown by Sh27.8 billion to Sh63.05 billion.
