Cabinet approves Sh23.74 billion settlement of pending bills for suppliers owed up to Sh50 million
Originally published by News – Capital FM Kenya — Read the original article →
NAIROBI, Kenya Oct 9 – The Cabinet has approved the settlement of 28,726 verified Government pending bills worth Sh23.74 billion, alongside major investments in healthcare, energy, roads, water, education and the turnaround of Kenya Airways.
The pending bills, all valued at Sh50 million and below, represent 98 per cent of the 29,257 claims recommended for settlement. Some suppliers and contractors have been waiting for payment since 2005, according to a dispatch from State House.
The decision follows a review by the Pending Bills Verification Committee, which received 115,617 claims worth Sh664.8 billion. After verification, 29,257 claims valued at Sh155.34 billion were recommended for settlement.