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Last month, the World Bank outlined seven laws and four policy reforms Kenya must implement before releasing the funds. Key requirements include amending the Competition Act to regulate firms with dominant market positions, allowing refugees to register for mobile telephony and M-Pesa, and introducing policies to reduce urban traffic congestion, including promoting rail transport.
The decision came after more than a day of intensive negotiations at a summit in Brussels, highlighting the EU’s effort to maintain unity while offering Kyiv a critical financial lifeline.
According to the CBK data presented by Governor Kamau Thugge, the national debt stood at Sh8.7 trillion during the 2021/22 financial year, coinciding with President Ruto’s first year in office.
The judge noted that the company had failed to prove it would suffer any harm that could not be compensated through monetary damages.
The CoB's decision affects a wide range of devolved funds, including bursary schemes, youth and women funds, alcoholic drinks control funds, car and mortgage loan programmes for county officials, as well as emergency and disaster funds.
