How Ruto’s Govt Intends to Borrow More Billions

The state aims to close a financing gap of Ksh890 billion for contracted works currently underway...

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The Kenyan government plans to borrow additional funds by securitizing an extra Ksh5 per litre from the Road Maintenance Levy Fund (RMLF). This move aims to finance ongoing and stalled road projects, addressing a persistent cash crunch in the roads sector.

The securitisation will raise the total portion of the levy tied to borrowing from Ksh7 to Ksh12 per litre.
Transport Cabinet Secretary Davis Chirchir revealed the plan to a parliamentary committee, stating it will supplement exchequer allocations.
The plan intends to unlock billions of shillings immediately to settle pending bills and restart stalled projects, addressing an estimated Ksh890 billion financing gap for contracted works.

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