Banks to cash in on treasury's empty coffers. Jackson Okoth
Publication details: Nairobi The Standard Group Saturday, June 13, 2009Description: p.10; The Standard, June 13, 2009Subject(s): Summary: Treasury has increased its borrowing from the domestic market to Sh. 109.5 billion from the previous Sh. 54 billion. Credit to the government from the banking sector stood at Sh 168 billion by March as compared to 653.8 billion to the private sector. Treasury is also seeking about Sh. 50.2 billion from foreign donors to finance key projects.
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Treasury has increased its borrowing from the domestic market to Sh. 109.5 billion from the previous Sh. 54 billion. Credit to the government from the banking sector stood at Sh 168 billion by March as compared to 653.8 billion to the private sector. Treasury is also seeking about Sh. 50.2 billion from foreign donors to finance key projects.
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