Nairobi faces shutdown as cash crunch worsens amid budget crisisA cash crisis has hit the Nairobi City County Government after Controller of Budget Margaret Nyakang’o blocked a supplementary budget meant to finance operations. “Only 108 capital expenditure projects worth Sh8.5 billion will be financed out of the previously recommended 279 capital expenditure projects worth Sh14 billion. The development budget in the Agriculture sector has also been reduced from Sh96.3 million to Sh27.7 million. Allocations for the projects worth Sh4.2 billion was rerouted to other areas. Following the rejection of the budget, the county government has a few weeks to prepare another supplementary budget ahead of the beginning of a new financial year in July

Source: Daily Nation June 13, 2024 14:39 UTC