C
Originally published by Capital News
📰 Read Full Article
top
February 9, 2026
1mo ago

Govt clears road contractors’ pending bills after securitization deal

Govt clears road contractors’ pending bills after securitization deal

NAIROBI, Kenya Feb 9 - The government has completed the payment of verified road construction pending bills up to December 2025, following a pledge by - Kenya breaking news | Kenya news today | Capitalfm.co.ke..

✨ Key Highlights

The Kenyan government has finalized the payment of verified road construction pending bills up to December 2025. This action follows a pledge by President William Ruto to address the long-standing arrears that have hindered the construction sector, utilizing the securitization of the Road Maintenance Levy.

  • Payments were made possible by securitizing the Road Maintenance Levy, allowing upfront access to funds.
  • Daniel Wamahiu, a local road contractor, confirmed his firm had received outstanding payments.
  • The settlement aims to restore confidence in government-funded infrastructure projects and prevent project stalls due to cash flow issues.

Continue Reading

Read the complete article from Capital News

📰 Read Full Article

Part of the Day's Coverage

Government Clears Contractor Bills and Advances Thika Road and Rironi-Mau Summit Projects - February 2026

The Kenyan government has finalized the payment of verified road construction pending bills up to December 2025, utilizing the securitization of the Road Maintenance Levy. This action fulfills a pledge by President William Ruto to address long-standing arrears. In infrastructure developments, the National Social Security Fund (NSSF) plans to invest Ksh 30 billion into the Rironi–Mau Summit toll road project, aiming for an annual return of 17% for members' savings. Additionally, the Kenya National Highways Authority (KeNHA) issued a seven-day eviction notice to traders along the Thika Superhighway for the construction of new bus bays at Roysambu and Githurai.

3 stories in this topic
View Full Coverage
Advertisement

Related News

Advertisement