MPs reject plan to reallocate Sh200 million from a state corporation - News Summed Up

MPs reject plan to reallocate Sh200 million from a state corporation


captionMembers of the Trade, Industry and Cooperatives Committee have rejected a plan by State Department of Investment Promotion to reallocate Sh200 million from the Export Processing Zone Authority (EPZA). Led by the chairperson James Gakuya (Embakasi North), members faulted the State Department for initiating the move to redistribute the funds, without consulting the House Team which oversights the Ministry of Investments, Trade and Industry. Kitany explained that the right process would have been for the state department to come to the House and make a request. “If there is a need for any appropriation of money, state departments come to Parliament. I will write to them and instruct that the cash be retained by EPZA,” added the PS.


Source: The Star November 07, 2024 22:43 UTC



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