Sharp Daily
No Result
View All Result
Thursday, April 9, 2026
  • 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

KSh. 37 Billion Pending Compensation For Evicted Landowners

Benson Muriithi by Benson Muriithi
March 16, 2023
in News
Reading Time: 1 min read
Evictions

Evictions

The Kenyan road agencies now owe evicted landowners an accumulated amount of Kshs 37.0 bn after forcefully using the compulsory acquisition clauses available in the law to evict them but defaulting on the payment deadline past the 24-month deadline. 

Official government data shows the Kenya National Highways Authority (KeNHA) is the leading defaulter owing these landowners Ksh 35.0 bn by the end of the first week of March 2023.

The Kenya Rural Urban Authority (Kura) came in second after defaulting Kshs 1.8 bn compensation followed by the Kenya Rural Roads Authority (Kerra) with a due compensation worth Kshs 542.5 bn. 

Kung’u Ndung’u, the KeNHA director general, while addressing MPs, said that the major reason for this delay in payment is a result of budgetary constraints that the authority, KeNHA, has been experiencing for the last few years.

RELATEDPOSTS

On December 9, 2025, the Central Bank of Kenya lowered its benchmark rate to 9.00 percent, its lowest since early 2023.

CBK holds base lending rate at 8.75 percent as global risks rise

April 9, 2026

Kenya’s smartphone demand falls 7.8% to 7.2 million units in 2025

April 7, 2026

Read: Two Titles, One Parcel Of Land: What The Law Says

A section of the affected Kenyans is now furious questioning the poor planning of these agencies who invoke the law and forcefully evict them while not holding their end of the deal.

These victims are now arguing that the road agencies should secure funds first before even beginning the eviction bearing in mind the 24-month deadline period. 

However, the authorities endeavor to fully compensate all the affected victims once they have received the budgetary allocations from the Treasury.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

KEBS Targets Small Enterprises In New Levies

Next Post

Where To Access 5G Centres In Nairobi

Benson Muriithi

Benson Muriithi

Related Posts

News

Pump and Dump in the Age of Retail Investors: How Market Manipulation Is Evolving

April 9, 2026
Analysis

Kenya central bank pauses rate cuts amid inflation concerns

April 9, 2026
Analysis

Kenya private sector contracts as costs and demand weaken

April 9, 2026
News

The role of fiscal policy in shaping investment climate

April 9, 2026
News

Investing in commercial properties

April 8, 2026
News

Understanding overdiversification in investing

April 8, 2026

LATEST STORIES

Pump and Dump in the Age of Retail Investors: How Market Manipulation Is Evolving

April 9, 2026
On December 9, 2025, the Central Bank of Kenya lowered its benchmark rate to 9.00 percent, its lowest since early 2023.

CBK holds base lending rate at 8.75 percent as global risks rise

April 9, 2026

Kenya central bank pauses rate cuts amid inflation concerns

April 9, 2026

Kenya private sector contracts as costs and demand weaken

April 9, 2026

The role of fiscal policy in shaping investment climate

April 9, 2026

Investing in commercial properties

April 8, 2026

Understanding overdiversification in investing

April 8, 2026

How demographics influence property demand

April 8, 2026
  • 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