Business & Economy3 stories from 2 sources
The Kenyan government is set to issue a Sh175 billion securitised roads bond in February to clear outstanding debts to contractors and repay commercial bank loans. This move is intended to resume stalled road works across the country. Separately, the government plans to construct six mega dams starting in 2026. This project aims to expand irrigation to two million acres of farmland, boosting food security in arid and semi-arid lands (ASALs). In terms of existing fund distribution, the National Treasury reported that Nairobi, Turkana, and Nakuru counties have been the largest beneficiaries of the Sh4.04 trillion equitable revenue share since devolution began in FY 2013/14.