The Kenyan Cabinet, led by President William Ruto, has approved a waiver of interest and penalties on outstanding land settlement loans. This decision aims to alleviate the financial burden on low-income settlers and advance the Bottom-Up Economic Transformation Agenda (BETA).

• The waiver covers an accumulated portfolio of Ksh.12.3 billion, benefiting thousands of settlers in 520 settlement schemes across 26 counties.
• The Land Settlement Fund Board of Trustees recommended the waiver due to settlers' struggles with repaying accrued interest.
• Beneficiaries will now be able to obtain title deeds, use them as collateral, and regularize land accounts that have been in arrears for decades, with a 12-month moratorium given to clear principal balances.