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Treasury's overdraft at CBK hits Sh79b as cash crunch bites

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As of June 2, Treasury could only borrow Sh1.08 billion from its overdraft facility at the Central Bank of Kenya. [Samson Wire, Standard]

The National Treasury used up 90 per cent of its overdraft facility at the Central Bank of Kenya (CBK) on the back of a biting cash crunch earlier this year that saw salaries for public sector workers delayed for the first time.

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