The Standard | by Wainaina Wambu
The Treasury has given Laikipia County the green light to float a Sh1.4 billion infrastructure bond, a first for the devolved units seeking to raise funds through the capital markets.
Under the Public Finance Management (PFM) Act, the Treasury guarantees borrowing by counties. Cabinet Secretary Ukur Yatani, who gave the nod to the bid to seek financing through alternative means, said counties are allowed to borrow as long as they meet the parameters set by the PFM Act…
