The Roads Annuity Programme was approved by Cabinet in March 2015 and planned for the upgrade of up to 10,000 kilometres of road.
By
Kepha Muiruri
Business Reporter
Nation Media Group
The government is set to wind up a Sh362 billion rural roads programme launched during former President Uhuru Kenyatta’s administration and replace it with a securitisation model, under which it plans to issue a bond backed by future collections from the fuel levy.
Proceeds from the bond will settle a portion of an estimated Sh175 billion in bank loans, which helped clear historical road…
The government plans to use an extra Sh5 from the fuel levy as collateral to raise Sh120 billion for road projects, increasing…
The government plans to use bond financing to fund major road construction and upgrade projects as it seeks alternative funding…
Disbursements under the Uwezo Fund fell to Sh431.4 million, below the Sh600 million target and down from Sh543.2 million in…
Although spending on roads also rose by 11.4 percent to Sh88.9 billion, the housing department splurged more cash, making it the…
President William Ruto’s pet projects will gobble up the lion's share of the Sh4.8 trillion budget for the 2026/27 financial year
