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No more Bailouts: Government will not bailout state agencies, looks to collect more from agencies

11, Nov 2020

Treasury cabinet secretary Ukur Yattani has told state agencies not to expect any government bailouts, especially with the economy reeling from the effects of covid?19. The CS was speaking after receiving a 167-million-shilling dividend cheque from state controlled Kenya reinsurance corporation. Treasury has a 60 per cent stake in the reinsurer, which serves a total of 262 insurance companies in Africa, middle east and Asia.