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Counties seek Sh100bn devolution bond to curb Treasury cash delays
Kirinyaga County Governor and Council of Governors (CoG) Chairperson Anne Waiguru confers with Kakamega County Governor Fernandes Barasa after a CoG council meeting held at Delta Towers on May 19, 2023. PHOTO | FRANCIS NDERITU | NMG
Governors and senators have joined hands to push for a devolution bond to cushion counties from perennial delays in releasing funds to the devolved units by the National Treasury.
The development comes as devolved units face funding delays, with county governments owed Sh61.1 billion in May and June allocations, nine days to the end of the fiscal year.