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Cabinet okays merger of State bank accounts

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Treasury CS Njuguna Ndung'u. [Elvis Ogina, Standard]

The National Treasury will start implementation of the Treasury Single Account (TSA) in the government's bid to consolidate and improve oversight of its cash resources.

The implementation of the TSA for the national and county governments, which has been in the making for more than a decade now, got Cabinet approval yesterday, noting that this would simplify banking by different government agencies.

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