President Uhuru Kenyatta signs law releasing billions to Mumias, KQ

President Uhuru Kenyatta has signed into law the second Supplementary Appropriation Bill, 2015 allowing the government access an extra Sh70.4 billion from the Consolidated Fund. The money raises the budget for the current financial year which expires in two days by a colossal Sh200 billion.

In that budget, there is Sh3 billion for Mumias Sugar, and Sh4.1 billion for Kenya Airways, which has been struggling in the face of the Ebola scare in its main market in West Africa, in what the National Treasury called “the emergency shareholder loan.” The President signed the Bill in the presence of Majority Leader Aden Duale and National Treasury Cabinet Secretary Henry Rotich.