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Originally published by Capital Business
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business
July 16, 2025
9mo ago

State taps Sh175bn from fuel levy to pay contractors, complete roads

State taps Sh175bn from fuel levy to pay contractors, complete roads

NAIROBI, Kenya, July 16 - Kenya has turned to an innovative financing method to raise Sh175 billion and revive more than 580 stalled road projects across Kenya breaking news | Kenya news today |..

✨ Key Highlights

Kenya is set to raise Sh175 billion through the fuel levy to resume over 580 stalled road projects, as announced by Davis Chirchir, the Cabinet Secretary for Roads and Transport.

  • Sh7 of the Sh25 per litre fuel levy will be securitized to provide upfront cash for contractors.
  • The funding model will not incur new debt and aims to resolve unpaid bills from the previous administration.
  • The government plans to ensure transparency and engage with Parliament and the public about the initiative.

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Part of the Day's Coverage

Fuel Price Changes and Government Financial Decisions

Wandayi defends fuel price hike citing global price fluctuations, while the state taps Sh175bn from fuel levy for contractors.

Wandayi defends fuel price hike, cites global price fluctuations
Wandayi defends fuel price hike, cites global price fluctuations

Capital Business

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