Cash-strapped parastatals seek loan write-offs as defaults hit Sh74b

 

Kenya Power workers fix a 3 phase distribution transformer of 250KVA at Ndimaini Village in Karatina, Nyeri on December 28, 2020. [Kibata Kihu, Standard]

Parastatals have failed to service interest payments on Sh921.93 billion State loans, with the majority of them seeking write-offs as losses mount.