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HomeDaily NewsMonday, June 15, 2026Ruto assents to Revenue Sharing Bill 2026, allowing counties to get Sh428b - June 2026
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Ruto assents to Revenue Sharing Bill 2026, allowing counties to get Sh428b - June 2026

President William Ruto has assented to the Division of Revenue Bill, 2026, enabling the distribution of nationally raised revenue for the 2026/27 financial year. The law officially allocates Sh428 billion in equitable share funding to county governments. Separately, Treasury Cabinet Secretary John Mbadi presented the 2026/27 National Budget, a spending plan totaling KSh 4.8 trillion, before Parliament. Additionally, the World Bank is set to disburse Ksh96.9 billion to Kenya by June 30, following the country's successful implementation of key policy reforms.

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Monday 11:41 AMThe Standard

Ruto assents to Revenue Sharing Bill 2026, allowing counties to get Sh428b

Ruto assents to Revenue Sharing Bill 2026, allowing counties to get Sh428b

President William Ruto has assented to the Division of Revenue Bill, 2026, enabling the distribution of nationally raised revenue for the 2026/27 financial year.

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Key Highlights

President William Ruto has assented to the Division of Revenue Bill, 2026, enabling the distribution of nationally raised revenue for the 2026/27 financial year.

  • Counties will receive Sh428 billion, an increase of Sh13 billion from the previous year.
  • The bill's enactment by President Ruto strengthens devolution and aims to improve service delivery.
  • An additional Sh10.25 billion has been allocated to the Equalisation Fund to promote equitable development in marginalized regions.
Monday 8:13 AMKTN News (Youtube)First

Odhiambo Otieno: If you compare this Parliament to that of Otiato Marende, this parliament is a joke

Treasury Cabinet Secretary John Mbadi presented the 2026/27 National Budget, a spending plan totaling KSh 4.8 trillion, before Parliament.

Key Highlights

Treasury Cabinet Secretary John Mbadi presented the 2026/27 National Budget, a spending plan totaling KSh 4.8 trillion, before Parliament.

  • The proposed budget amounts to KSh 4.8 trillion.
  • The key figure involved is Treasury Cabinet Secretary John Mbadi.
  • This presentation marks a significant budgetary event for Kenya.
Monday 10:05 AMCapital News

Ruto signs Division of Revenue Act, securing Sh428bn equitable share for counties

Ruto signs Division of Revenue Act, securing Sh428bn equitable share for counties

President William Ruto has signed the Division of Revenue (DoR) Bill, 2026 into law, officially allocating Sh428 billion in equitable share funding to county governments for the 2026/27 financial year.

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Key Highlights

President William Ruto has signed the Division of Revenue (DoR) Bill, 2026 into law, officially allocating Sh428 billion in equitable share funding to county governments for the 2026/27 financial year.

  • Sh428 billion will be devolved to counties.
  • The National Assembly and Senate reached a breakthrough agreement after mediation.
  • The new law provides certainty for counties as they finalize their budgets before the July 1 start of the financial year.
Monday 4:22 PMKenyans

World Bank Sets Timeline for Unlocking Ksh96.9B Loan to Kenya

World Bank Sets Timeline for Unlocking Ksh96.9B Loan to Kenya

The World Bank is set to disburse Ksh96.9 billion to Kenya by June 30, following the country's successful implementation of key policy reforms. This significant loan, initially delayed, will now bolster the National Treasury's operations.

Read Story

Key Highlights

The World Bank is set to disburse Ksh96.9 billion to Kenya by June 30, following the country's successful implementation of key policy reforms. This significant loan, initially delayed, will now bolster the National Treasury's operations.

  • The loan amount is Ksh96.9 billion.
  • The World Bank is the disbursing organization, and the National Treasury is the recipient.
  • Kenya met critical requirements including regulations for beneficiary identification for social stipends, rules for sustainability-linked bonds, and legal backing for increasing national tree cover to 30 percent by 2032.
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