T
Originally published by The Standardtop
February 24, 2026
9h ago
Senators reject governors' bid for independent borrowing

Governors have suffered a major blow in their quest to borrow independently from financial markets, similar to the national government, bypassing the National Treasury oversight...
✨ Key Highlights
Kenyan Senators have rejected a proposal by the Council of Governors that would allow counties to borrow independently from financial markets, bypassing the National Treasury.
- Counties currently face over Sh150 billion in pending bills.
- The Council of Governors, led by Chairman Ahmed Abdulahi and Vice Chairman Muthomi Njuki, argued for greater autonomy.
- Senators, including committee chair Ali Roba, expressed concerns that direct borrowing could lead to unsustainable debt and financial mismanagement by county governments.
Continue Reading
Read the complete article from The Standard
Advertisement
Advertisement



