T
Originally published by The Standard
📰 Read Full Article
top
May 10, 2026
8h ago

Mbadi agrees to lift Meru funds stoppage, pay French investor Sh139m

Mbadi agrees to lift Meru funds stoppage, pay French investor Sh139m

The National Treasury CS John Mbadi says that his Ministry will communicate to the Controller of Budget Margaret Nyakang’o on the lifting of the stoppage of funds to Meru County Government...

✨ Key Highlights

The National Treasury Cabinet Secretary John Mbadi has agreed to lift the stoppage of funds to Meru County Government and pay Sh139 million to a French investor, averting potential diplomatic strain.

  • The debt, originally amounting to Sh640 million owed by Meru County, had risked damaging bilateral relations with the French government.
  • Key players include Cabinet Secretary John Mbadi, Meru Governor Isaac Mutuma, and an unnamed French investor.
  • The intervention follows an alleged informal declaration by President William Ruto to clear the debt, though official communication was a sticking point for the National Treasury.

Continue Reading

Read the complete article from The Standard

📰 Read Full Article
Advertisement
Advertisement