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Kenya's Counties Hold Over Sh110 Billion in Assets at Risk of Being Grabbed

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Nyakundi Report

Newsroom 1 min read

This archive report was first published on 17 July 2020.

Kenya's counties have a significant financial burden, with assets worth over Sh110 billion and liabilities running to Sh57 billion, according to a new report by the outgoing team at the Intergovernmental Relations Technical Committee (IGRTC).

Published on July 17, 2020, the report highlights the committee's commendable job in identifying assets at risk of being grabbed. Cabinet Secretary for Devolution Eugene Wamalwa praised the team for their efforts, stating, 'According to the new report, Counties have assets worth Ksh 110B and liabilities running to Ksh 57B and we are grateful to this committee for a job well done.'

The report, compiled at a cost of Sh400 million against a budget of Ksh 4 Billion, identified 62,342 parcels of land, over 70,000 buildings, and 2,600 cars owned by defunct councils. Wamalwa noted that the committee's work has helped solve disputes between government institutions, saving the government millions in lawyer fees.

However, the CS questioned the methods used to come up with the proposed budgets, stating, 'The rehabilitation of the old Nairobi-Nanyuki railway line used Sh1 billion from the proposed Sh21 billion and it seems that there is a big problem in some departments.'

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