Sharp Daily
No Result
View All Result
Saturday, June 21, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Murkomen faces backlash over new expressway charges

Brenda Murungi by Brenda Murungi
January 2, 2024
in News
Reading Time: 2 mins read

The government has increased the charges for using the Nairobi Expressway from the current range of KES 100 to KES 310 to a new range of KES 170 to KES 500 across all the stations along the Mlolongo-Westlands route.

Roads and Transport Cabinet Secretary Kipchumba Murkomen announced the new charges in a gazette notice dated December 31, 2023, saying the new rates take effect immediately. He attributes the increase to the global dollar variation rates, adding that the adjustment was done based on the project agreement following the gazettement of the toll rates in April 2022.

In the new toll fees, charges for Class 3 vehicles (saloons) categorized as light vehicles with two axles are as follows for the following routes:

  1. Westlands to Mlolongo and Syokimau- KES500

  2. Westlands to JKIA and Easter Bypass -KES410

  3. Westlands to Southern Bypass-KES330

  4. Westlands to Haile Selassie and Capital Centre -KES250

  5. Westlands to Museum Hill -KES170

  6. Light vehicles with two axles and high bonnets (Class 4) will pay 1.5 times more.

  7. Heavy vehicles with fewer than four axles (Class 5) will pay four times more.

  8. Heavy vehicles with four or more axles (Class 6) will pay five times.

This move has, however, come under intense criticism, with Third Way Alliance Party Leader Ekuru Aukot raising concern. He stated that the Kenyan shilling had only depreciated by 21 percent against the US dollar, yet the new charges for the Nairobi Expressway had been increased by 50 percent.

RELATEDPOSTS

Why firms are shedding jobs despite survival

June 19, 2025

Opinion: Austerity wrong medicine for Kenya’s economy.

June 16, 2025

“To justify the 50% increase in Expressway charges, CS @kipmurkomen is quoting the depreciation of the KES to the dollar. We all know KES depreciated by 21% last year, and this is an increase of 50%. That is the CS’ 2024 gift to Kenyans!” Aukot wrote on his X account.

Another critic and member of parliament for Alego Usonga, Sam Atandi, sought justification for the increased rates. Murkomen, however, shielded himself and the Kenya Kwanza government from the increase and said they only followed the agreement signed by the previous administration.

“The adjustment was done based on the project agreement, taking into account the depreciation of the Kenya Shilling to the United States dollar since the time of the gazettement of the toll rates in April 2022.

“The formula for computing the new rates is already embedded in the agreement, taking into account the loan facility provided by the investor, which was borrowed using USD (as a banker, you will understand more),” the statement continued.

 

Previous Post

Ruto named one of the most influential African leaders in 2023

Next Post

Ethiopia signs agreement with Somaliland paving way to sea access

Brenda Murungi

Brenda Murungi

Related Posts

Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025
News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025
Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025

LATEST STORIES

How bushy can a bush safari get?

June 20, 2025

Understanding SPVs

June 20, 2025

Why small investments are a power move

June 20, 2025

Social consequences of the tax relief for gamblers

June 20, 2025

How E-Tendering can reshape public procurement in Kenya

June 20, 2025

Unlocking long-term wealth with the power of compounding

June 19, 2025

HealthCare investment trends and insights

June 19, 2025

Saving vs Investing

June 19, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024