The development will enable car loans be advanced to the 122 MCAs at the city assembly converted into car grants. Assembly Clerk Edward Gichana said the move follows the presidential pronouncement on the issuing of Sh2 million car grant to MCAs and speakers of county assemblies. Early last month, SRC gave thumbs up of approval for Sh4.5 billion car grants for MCAs and their Speakers, paving the way for its implementation. The SRC said conversion of the car loan facility to a car grant will be undertaken within the available car loan facility funds of Sh4.5 billion and will not affect the counties’ expenditure ceiling. “Upon conversion, the existing car loan shall cease and the speakers and Members of the County Assembly who have already benefited from the existing car loan shall convert their car loan to transport facilitation benefit in form of a car grant,” read in part the letter.

Source: Daily Nation March 03, 2021 14:26 UTC