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Originally published by Nation Businessbusiness
September 13, 2026
12h ago
CoB Nyakang'o flags Treasury’s delayed CBK loan repayment
Overdraft facility is meant for short-term use and all such loans must be repaid by the end of the financial year...
✨ Key Highlights
Controller of Budget Margaret Nyakang’o has raised concerns about the National Treasury's failure to repay an overdraft from the Central Bank of Kenya (CBK) by the close of the last financial year, indicating a potential violation of the law.
- The National Treasury failed to clear the CBK overdraft by the end of the financial year.
- The key figures involved are Controller of Budget Margaret Nyakang’o and the National Treasury.
- This overdraft facility is typically used when government revenue lags behind expenditure needs and is restricted to 5 per cent of audited government revenues, with repayment due within 12 months.
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