JUST IN: President Ruto Signs Three Parliamentary Bills into Law 

  On Wednesday, President William Ruto signed three significant Bills into law at a ceremony held at State House, Nairobi. The President approved the Division of Revenue (Amendment) Bill, 2024, the National Rating Bill, 2022, and the Water (Amendment) Bill, 2024. The Division of Revenue (Amendment) Act, 2024 allocates KSh387 billion to counties for the 2024/2025 financial year, exceeding the 15% minimum constitutional requirement for county funding. Originally, counties were set to receive KSh400 billion, but this figure was reduced to KSh380 billion after the Finance Bill’s withdrawal. After discussions, the National Assembly and the Senate agreed on the final allocation,
The post President Ruto Signs Three Parliamentary Bills into Law appeared first on Nairobi Wire. Read More