Hard truths. Bold Insights. Real talk.
President William Ruto promised Sh1 billion to Kenya’s creative economy as he opened the 14th Kalasha International Film and TV Awards at KICC, Nairobi. He also announced higher prize money and new incentives to tackle piracy, weak funding and limited distribution.
The proposal is outlined in the Road Maintenance Levy Fund (Amendment) Bill, 2026, which is now under consideration in Parliament. It sets out a direct change to the current statutory formula governing the allocation.
During a session held at Bunge Tower on Thursday, the committee, chaired by Julius Murgor, heard that despite significant progress in verifying pension records, retirees have yet to receive payments due to failure by the government to release promised funds.
The disputed document, which has been widely shared online, was designed to resemble an official press statement from the Ministry of Education. It purported to address payment delays affecting supervisors, invigilators, security officers and other contracted professionals engaged in the administration and marking of national examinations.
Among the key areas highlighted for public input are proposals aimed at lowering the cost of living, improving food security, and creating more opportunities for young people, women, and vulnerable groups.
The Council of Governors has urged Parliament to fast-track the Public Finance Management (Amendment) Bill, 2025, calling for the repeal of sections 191A–191E, arguing delays could disrupt county conditional-grant management.
The strategy is anchored on the National Infrastructure Fund, which is intended to pool public and private capital for long-term projects. The Treasury noted that Kenya has sufficient financial resources locally but lacks structured coordination to fully channel them into PPP investments.
CBK confirmed that the transaction received regulatory approval on March 9, 2026, under Section 13 (4) of the Banking Act.
During the meeting, AWWDA Chief Executive Officer Eng. Joseph Kamau indicated that actual collections for the current financial year stand at about Sh 1 billion, explaining that a significant share is remitted to the National Treasury to service loans.
The report, which was submitted to Parliament, shows that the deficit rose by Sh492.12 billion from the earlier estimate of Sh768.6 billion, translating to about 6.3 per cent of the GDP and going beyond the ceiling set by MPs.
The allocation forms part of a broader Sh2.5 billion proposal aimed at acquiring the five-storey building situated along Wabera Street, close to City Hall, where Nairobi County offices are based.
The National Assembly Budget and Appropriations Committee, chaired by Alego Usonga MP Samuel Atandi, has recommended that the Treasury, working together with the Clerk of the National Assembly, provide access to the Integrated Financial Management Information System. The committee has set April 30, 2026 as the deadline for the arrangement to be put in place.