Nairobi, Jan. 21 -- The Postal Corporation of Kenya (Posta) has only recovered about Sh300 million of the Sh2.2 billion owed to it by State agencies, three months after the National Treasury directed that the amount owed be repaid immediately to save the corporation from a deepening financial crisis.
The National Treasury directed State agencies on October 24 last year to relocate funds towards the settlement of this debt from their current (2025/2026) budget estimates and to provide feedback on the action taken to process the payments by October 29.
However, the amount paid so far constitutes just 14 per cent of the total debt owed to Posta.
The bulk of the corporation's debt is owed by the government, which has failed to settle renta...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.