NCBA Investment Bank
NCBA Investment Bank
February 18, 2025 at 05:36 AM
*Treasury taps Sh28bn emergency loan from Central Bank* The Treasury took an emergency loan facility of Sh27.8 billion from the Central Bank of Kenya (CBK) last week, marking the biggest weekly overdraft since the week ended December 18 last year, pointing to cash flow pressures. Data from the apex bank shows that outstanding overdraft from the government’s fiscal agent hit Sh63.05 billion last week, to account for 1.06 percent of the overall domestic debt, up from Sh35.24 billion, which made up 0.59 percent of domestic borrowings the preceding week. *_📸:Getty_* _*📰:Business daily*_

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