Sharp Daily
No Result
View All Result
Sunday, July 12, 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

Lawmakers allocate KES 387 billion to counties for 2024/2025

Teresiah Ngio by Teresiah Ngio
November 21, 2024
in News
Reading Time: 2 mins read

In a significant move for county governments, lawmakers have agreed to allocate KES 387 billion for the Financial Year 2024/2025, marking an increase of KES 2 billion from the previous year. This decision follows extensive deliberations by an 18-member mediation committee, co-chaired by Kiharu MP Ndindi Nyoro and Mandera Senator Ali Roba.

The committee cited the challenging economic conditions faced by counties as the key reason for the increment. Nyoro highlighted that factors such as revenue performance, inflation, and rising operational costs for devolved units were central to the decision. “We are facing the reality as it is, without sugarcoating. While we are willing to allocate more funds to counties, revenue shortfalls present significant challenges,” the committee stated.

The agreement was reached after a tense standoff between the Senate and the National Assembly, which had differing views on the allocation. The Senate had initially called for KES 400.1 billion, while the National Assembly insisted on KES 380 billion. This disagreement had the potential to disrupt county operations and stalled critical funding for various services.

After tough negotiations, the mediation committee decided to reinstate last year’s allocation of KES 385 billion, adding an additional KES 2 billion to reach the final figure of KES 387 billion. “After thorough deliberations and hard negotiations, we reinstated last year’s allocation and added an additional KES 2 billion,” Nyoro explained.

RELATEDPOSTS

NSE secondary bond market surges

April 16, 2026

The talks also featured criticism from Nairobi Senator Edwin Sifuna, who opposed the Treasury Cabinet Secretary’s involvement in the final decision-making process. “We as parliament should not be the ones ceding the power that is vested in parliament to other organs of state,” Sifuna stated.

Despite the challenges, Treasury Cabinet Secretary John Mbadi played a pivotal role in urging governors to accept the National Assembly’s proposal, acknowledging that the economy could not support the Senate’s proposed KES 400 billion. The final agreement aims to balance the financial needs of county governments with the country’s fiscal constraints,.

Previous Post

Ruto calls for swift action against femicide, with new campaign

Next Post

Teacher fined KES 300,000 for caning pupil 107 times

Teresiah Ngio

Teresiah Ngio

Related Posts

News

Kenya’s PMI Returns to Neutral Territory: What Does It Mean for the Economy?

July 10, 2026
News

Pensions for freelancers and gig workers

July 10, 2026
News

Kenya Proposes New Rules for Ride-Hailing Platforms

July 10, 2026
News

Kenya’s Manufacturing Contribution to GDP Declines

July 10, 2026
News

Lower Fuel Prices Ease Pressure on Kenya’s Interest Rates

July 10, 2026
News

FY’2026/27 Outlook: What Should Kenyans Expect in the New Financial Year?

July 10, 2026

LATEST STORIES

Kenya’s Q1’2026 growth story

July 10, 2026

Kenya’s PMI Returns to Neutral Territory: What Does It Mean for the Economy?

July 10, 2026

Pensions for freelancers and gig workers

July 10, 2026

High Interest Rates, Oversupply and Poor Planning Drive Surge in Real Estate Loan Defaults in Kenya

July 10, 2026
FIFA World Cup trophy

France beat Morocco 2-0 to reach FIFA World Cup semi-finals

July 10, 2026

Kenya Proposes New Rules for Ride-Hailing Platforms

July 10, 2026

Kenya’s Manufacturing Contribution to GDP Declines

July 10, 2026

Lower Fuel Prices Ease Pressure on Kenya’s Interest Rates

July 10, 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