Treasury raises Sh104bn to pay road contractors
NAIROBI, Kenya, Nov 5 - The National Treasury has raised Sh104 billion through a bridge facility under the Kenya Roads Bond programme to clear part of the Kenya breaking news | Kenya news today |..
✨ Key Highlights
The National Treasury has raised Sh104 billion through a bridge facility under the Kenya Roads Bond programme to address outstanding payments to road contractors.
- Sh93 billion has already been disbursed to contractors.
- The funds were raised using the Road Maintenance Levy Fund (RMLF) as collateral.
- Treasury Cabinet Secretary John Mbadi stated that a larger Sh175 billion bond issue is expected later this month to finalize the securitization plan.
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Kenyan Government Commits Funds for University Staff Arrears and Road Contractor Debts - November 2025
Kenyan university staff unions have called off their 49-day strike after the government agreed to release Sh7.8 billion for salary arrears and part of the 2021–2025 Collective Bargaining Agreement (CBA). Separately, the government announced it will clear the remaining Sh7.76 billion owed to public university staff from the 2017–2021 CBA in phases over the next three years. In a different financial commitment, the National Treasury has raised Sh104 billion to address outstanding payments owed to road contractors. This funding was secured through a bridge facility under the Kenya Roads Bond programme.
