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HomeDaily NewsTuesday, July 22, 2025Government Initiatives and Economic Developments
Business & Economy2 stories from 1 sources

Government Initiatives and Economic Developments

Irish government announces spending plans for Apple tax windfall; KRB disburses Sh3.7bn for road repairs.

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Tuesday 4:25 PMCapital Business

Irish government reveals how Apple tax windfall will be spent

Irish government reveals how Apple tax windfall will be spent

The Irish government has announced plans to spend its €14bn tax windfall from Apple on infrastructure investments as part of the National Development Plan (NDP). This funding will target housing, energy, water, and transport projects from 2026 to 2030.

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Key Highlights

The Irish government has announced plans to spend its €14bn tax windfall from Apple on infrastructure investments as part of the National Development Plan (NDP). This funding will target housing, energy, water, and transport projects from 2026 to 2030.

  • Nearly €1bn will be allocated to the cross-border Shared Island fund up to 2030.
  • The announcement was made by Taoiseach Micheál Martin, emphasizing a significant increase in public investment.
  • No specific new projects have been disclosed yet; further details are expected in the October budget.
Tuesday 12:35 PMCapital BusinessFirst

KRB disburses Sh3.7bn for road repairs in counties

KRB disburses Sh3.7bn for road repairs in counties

The Kenya Roads Board (KRB) disbursed Sh3.7 billion to 47 counties for road repairs in the 2024/2025 fiscal year, focused on improving road safety and infrastructure.

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Key Highlights

The Kenya Roads Board (KRB) disbursed Sh3.7 billion to 47 counties for road repairs in the 2024/2025 fiscal year, focused on improving road safety and infrastructure.

  • Highest allocations: Nakuru – Sh183 million, Kitui – Sh152 million, Nairobi – Sh120 million
  • Transport Cabinet Secretary Davis Chirchir and Treasury Cabinet Secretary John Mbadi addressed concerns over fuel levy fund management amidst rising prices.
  • Counties must submit work plans by August 12, 2025 to guide implementation of the allocated funds.
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