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State okays Laikipia's Sh1 billion seven year bond

Deputy president William Ruto at his Karen home, after chairing a meeting with Intergovernmental Budget and Economic Council (IBEC). [Edward Kiplimo, Standard]

The Intergovernmental Budget and Economic Council (IBEC) chaired by Deputy President William Ruto yesterday gave the greenlight to Laikipia County to borrow over Sh1 billion from the international market making it the first to to be cleared to do so since the inception of devolution.

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