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September 26, 2025
5h ago

Nairobi County in Multi-Billion Debt Swap Deal With Ruto’s Govt - Sakaja

Nairobi County in Multi-Billion Debt Swap Deal With Ruto’s Govt - Sakaja

The deal will aid in clearing all Ksh 2.7B owed in contributions in place of land rates and compensation for lands acquired by the State...

✨ Key Highlights

Nairobi Governor Johnson Sakaja announced an impending debt swap deal with President William Ruto's national government to clear Ksh2.7 billion owed in land rates and compensation for acquired lands.

  • Nairobi County will exchange Ksh2.7 billion in debt for redirected funding towards development projects.
  • Governor Sakaja also countered a report by Controller of Budget Margaret Nyakang'o, stating Nairobi collected a record Ksh13.8 billion in revenue and channeled Ksh4.09 billion into infrastructure.
  • Additionally, City Hall has paid over Ksh1 billion owed to workers' pension schemes, following recent salary delays that led to protests by the Kenya County Government Workers Union (KCGWU).

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