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Originally published by The Standard
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February 24, 2026
9h ago

Senators reject governors' bid for independent borrowing

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.

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