Sh4.5bn in securitised cash funds Mombasa road works
The project faces scrutiny from the Senate...
✨ Key Highlights
Kenya is funding the rehabilitation of the Mombasa Road section damaged during the Nairobi Expressway construction with Sh4.5 billion from securitised Roads Maintenance Levy (RML) funds. This amount is part of a larger Sh21 billion allocated for critical road projects.
- A total of Sh4.5 billion is being used to rehabilitate the Mombasa Road section from Mlolongo to ABC Place in Westlands.
- The acting Director General of the Kenya Roads Board (KRB), Martin Agumbi, confirmed the funding, which comes from the securitisation of Sh7 per litre of the RML.
- The allocation is half the Sh9 billion previously stated by former Cabinet Secretary for Roads, James Macharia, for the project, which is being undertaken by China Roads and Bridge Corporation (CRBC).
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Kenyan Financial Reports Reveal Sh11bn SHA Loss, Credit Upgrade, and Infrastructure Funding - January 2026
An audit by Kenya's Ministry of Health has revealed that the Social Health Authority (SHA) lost Sh11 billion due to fraudulent claims from private hospitals. Separately, Tower Sacco revealed a loss of Sh149.5 million in cash deposits held at the embattled Kenya Union of Savings and Credit Cooperatives (KUSCCO) amid a mismanagement scandal. In other financial news, Moody’s Ratings has upgraded Kenya’s sovereign credit rating from B3 to Caa1, reflecting a decline in the country’s near-term default risk. Additionally, Kenya is funding the rehabilitation of the Mombasa Road with Sh4.5 billion from securitised Roads Maintenance Levy (RML) funds, part of a larger Sh21 billion allocation.
