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Kenya: Scores of State corporations and agencies are choking under a Sh14.5 billion debt. As at June 2014, the Local Government Loans Authority owed the national government Sh7.5 billion, topping the list of 38 parastatals and government agencies that are heavily indebted.
According to a summary statement on outstanding loans owed by State corporations, agencies and other organisations released last week, the Government wrote off Sh94 million owed by the Local Government Loans Authority.
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