counties bank loans Stories

Financial distress threatens devolution as counties struggle with bloated wage bills, delayed funds
Financial distress threatens devolution as counties struggle with bloated wage bills, delayed funds
Maureen Kinyanjui  |  May 20, 2025

A Senate Public Accounts Committee report based on the Auditor General’s 2023–24 audit showed that 36 counties had breached the legal ceiling on wage...

Counties turn to expensive loans to cover essential expenses amid Treasury delays
Counties turn to expensive loans to cover essential expenses amid Treasury delays
Maureen Kinyanjui  |  Dec 13, 2024

Governance experts are concerned that the borrowing, combined with the delays, could lead to serious financial strains on the county governments.

Stay ahead of the news! Click ‘Yes, Thanks’ to receive breaking stories and exclusive updates directly to your device. Be the first to know what’s happening.