C
Originally published by Capital News
📰 Read Full Article
top
December 16, 2025
6h ago

GITOBU IMANYARA: Why a KSh 5 Trillion LLC Is a Constitutional Red Line

GITOBU IMANYARA: Why a KSh 5 Trillion LLC Is a Constitutional Red Line

Constitutions are written to restrain power. They anticipate moments when governments, frustrated by accountability, seek shortcuts to escape oversight - Kenya breaking news | Kenya news today | Capitalfm.co.ke..

✨ Key Highlights

The proposed registration of a National Infrastructure Fund, projected to reach KSh 5 trillion, as a Limited Liability Company (LLC) is being challenged as a direct violation of Kenya's 2010 Constitution.

  • The proposal is deemed unconstitutional as it bypasses established frameworks for public finance under Articles 206, 210, 221, and 226.
  • The plan would remove trillions of shillings from parliamentary oversight, legislative approval, and audit by the Auditor-General.
  • An LLC structure would eliminate public participation and replace constitutional openness with shareholder secrecy, leading to concerns about corruption and impunity.

Continue Reading

Read the complete article from Capital News

📰 Read Full Article
Advertisement
Advertisement