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Interest on City Hall’s bank loan now Sh2.5b

The interest on a Sh5 billion loan the defunct City Council of Nairobi took three years ago to settle statutory debts now stands at Sh2.5 billion.

At the same time, auditors from the Kenya National Auditors Office (KNAO) have said Nairobi City County, which replaced the council, is yet to clear an outstanding balance of Sh3.08 billion.

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