Kenya secures Sh8bn boost for renewable energy from Germany and EU
The support is targeted at expanding clean energy generation and strengthening electricity reliability in Western and Nyanza regions.
The support is targeted at expanding clean energy generation and strengthening electricity reliability in Western and Nyanza regions.
The move comes amid growing concern over delayed pension payments for retired Kenya Railways workers and former Kenya Medical Research Institute (KEMRI) staff
Speaking during a PwC-hosted economic forum in Nairobi on June 27, Mbadi attributed the country’s resilience to sound fiscal reforms, agricultural recovery, and a robust services sector.
The new funding will go into police operations, intelligence services, prison management, internal administration, and crime-fighting infrastructure such as forensic labs and mobility tools.
The funds aim to address historical inequalities, improve access to land, and promote sustainable management of land resources.
The funds were announced by Treasury Cabinet Secretary John Mbadi while presenting the budget estimates in the National Assembly on Thursday.
The boost aims to strengthen support for vulnerable groups, including older persons, orphans, persons living with disabilities, and drought-affected households.
This is an increase of Sh44.5 billion from the Sh656.6 billion allocated in the 2024–25 budget and continues a steady rise in education funding.
This is an increase of Sh44.5 billion from the Sh656.6 billion allocated in the 2024–25 budget and continues a steady rise in education funding.
This allocation represents 25.79 percent of the actual national revenue collected in the 2020/21 financial year, based on the most recent audited figures.
Treasury Cabinet Secretary John Mbadi, while reading the budget statement in Parliament, said the allocation follows a detailed review process by a committee formed in September 2023 to assess pending claims.