End to counties cash crunch near as Senate approves formula Bill


Business Daily | by Edwin Mutai

Counties last evening inched closure to accessing Sh316.5 billion after the Senate voted to approve a Bill that guides release of cash to devolved units from the Consolidated Fund.

Thirty eight senators voted to approve the County Allocation of Revenue Bill, 2020, which also provides for the sharing of revenue raised nationally between the two levels of government.

The Bill now awaits President Uhuru Kenyatta’s signature to become law and to unlock the disbursement of funds to devolved units…

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