President Uhuru Kenyatta signs County Revenue Allocation Bill into law

October 9, 2020 - 5 Minutes Read - By The Vellum Team

President Uhuru Kenyatta signs revenue County Revenue Allocation Bill into law

President Uhuru Kenyatta signed the 2020/2021 County Revenue Allocation Bill into law on Thursday 9th October 2020. This Act allocates a total of Sh369.87 billion to counties. A breakdown of the allocation comprises equitable shareable revenue of Sh316.5 billion, national government grants (Sh13.7 billion), road maintenance levy (Sh9.4 billion), loans and grants (Sh30.2 billion). Other allocations in the Act include leasing of medical equipment (Sh6.2 billion), level five hospitals (Sh4.3 billion), youth polytechnics (Sh900 million), and county headquarters (Sh300 million).

The Sh369.87 billion allocation was approved by the National Assembly on Tuesday evening, fast-tracking a process that had been delayed by senators as they clashed over the revenue formula. While the Bill had been published on April 17, it was delayed at the Senate until September 29, 2020.

Spread the love

    Who is Who

  • Safaricom confirms Fawzia Ali as Chief Consumer Business Officer

    Safaricom CEO Peter Ndegwa has appointed Fawzia Ali as Chief Consumer Business Officer effective 15th March 2023. Ms Ali has held this role in an acting capacity since July 2022 and has provided exemplary leadership and inspiration to the team during this period. In a

    Spread the love
    More ..
  • CHANGES AT THE HELM OF THE KENYA REVENUE AUTHORITY (KRA)

    The Kenya Revenue Authority on Thursday, 23rd February 2023 communicated the new management team after the resignation of Githii Mburu. In addition to his departure, other Commissioners were replaced. These include; Lilian Nyawanda (Commissioner, of Customs and Border Control), Terra Saidimu (Commissioner, Intelligence & Strategic

    Spread the love
    More ..
  • New appointment at Safaricom board

    Mr. Adil Khawaja (MBS) has been appointed the Chairman of the Board of Safaricom PLC, having been appointed director at the same entity earlier. Mr. Khawaja currently serves as the Managing Partner at Dentons Hamilton Harrison & Mathews, and is a leading name in the

    Spread the love
    More ..