Sharp Daily
No Result
View All Result
Monday, November 17, 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

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

No Content Available

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

SHIF fraud investigation Kenya: how 45 hospitals allegedly stole sh558 million.

November 14, 2025
News

Kakamega gold mining project: Sh683 billion discovery set to transform Western Kenya

November 12, 2025
News

Museveni warns of war over Indian Ocean access.

November 12, 2025
Entertainment

Trinity of terror East Africa: regional political crisis explained

November 11, 2025
Money

Activists freed as Kenya faces IMF talks and rift valley disaster

November 11, 2025
The-Social-Health-Authority-Offices-in-Nairobi
Education

TSC agrees to join teachers on SHA scheme after standoff with unions

November 11, 2025

LATEST STORIES

SHIF fraud investigation Kenya: how 45 hospitals allegedly stole sh558 million.

November 14, 2025

Why Investors Should Pay More Attention to “Time Arbitrage”

November 14, 2025

Co-operative Bank Posts Strong Q3’2025 Performance Driven by Robust Income Growth

November 14, 2025

How financial institutions can break away from vendor monopolies

November 14, 2025

Co-operative bank Q3’2025 financial results

November 14, 2025

Understanding Kenya’s treasury bonds and bills

November 14, 2025

Cytonn Umbrella Retirement Benefits Scheme (CURBS)

November 14, 2025

The rise of digital business and the future of work

November 14, 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