Sharp Daily
No Result
View All Result
Friday, July 11, 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

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

Why firms are shedding jobs despite survival

June 19, 2025

Opinion: Austerity wrong medicine for Kenya’s economy.

June 16, 2025

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

Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025
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

LATEST STORIES

Why Employers Should Prioritize Pensions Over One-Time Gratuity Payments

July 10, 2025
Business and Finance Concept - Coin, Currency, Financial Item, Graph,

Opinion: Why lower taxes may be Kenya’s only escape route

July 10, 2025

Nvidia becomes the first company globally to hit USD 4.0 trillion market value

July 10, 2025

Privatization in Kenya: A new dawn for capital markets and fiscal stability

July 10, 2025

How Kenya is future-proofing its economy against illicit finance

July 9, 2025

The importance of Investment Policy Statements (IPS) for pension schemes in Kenya

July 4, 2025

Understanding Life Cover as an Additional Benefit in Retirement Benefit Schemes

July 4, 2025

Del Monte foods files for bankruptcy in USA

July 3, 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