President William Ruto has okayed four crucial bills into law.
The President assented to the County Governments Additional Allocations Bill, 2025; the Capital Markets (Amendment) Bill, 2025; the Provisional Collection of Taxes and Duties (Repeal) Bill, 2025; and the Government-Owned Enterprises Bill, 2025, at State House, Nairobi.
The County Governments Additional Allocations Act provides an extra KSh70.6 billion to devolved units in the 2025/2026 financial year. Of this amount, KSh9.98 billion from the National Government’s share of revenue will be directed towards the settlement of salary arrears for doctors and Community Health Promoters, as well as the completion of County Aggregation and Industrial Parks.
Counties will further receive KSh57.7 billion from development partners to implement a range of development projects.
The Capital Markets (Amendment) Act modernizes the regulatory framework for licensing capital markets intermediaries, with the aim of revitalizing the sector, improving efficiency, and enhancing the ease of doing business.
The law also removes shareholding limits to attract greater investment in regulated institutions.
The Provisional Collection of Taxes and Duties (Repeal) Act expunges from the laws of Kenya the 1929 statute that previously allowed Parliament to introduce taxes before full legislation was enacted.
The courts declared this provision unconstitutional in 2018, affirming that all taxes must be imposed through properly enacted laws.
The Government-Owned Enterprises Act is a landmark reform introducing best governance practices in the management of State corporations.
It mandates the appointment of independent board members through a transparent and competitive process, among other progressive measures to strengthen accountability.
“With my assent, these four Bills, now form part of the laws of Kenya, reinforce our commitment to sound governance, transparency, and effective service delivery,” he stated.
