The National Assembly on Tuesday approved and adopted the President's reservations on the Conflict of Interest Bill that had, among other things, delayed Kenya's access to budget support financing by the World Bank.
President William Ruto referred the Conflict of Interest Bill No.12 of 2023 back to the House on May 2 this year, with a memorandum on areas he felt needed tightening.
According to the global multilateral lender and Treasury Cabinet Secretary John Mbadi, the bill was part of the requirements the World Bank had placed on Kenya for further loan and development support.
The World Bank had made the passage of the Conflict of Interest Bill a key condition for releasing approximately Ksh97 billion (USD750 million) in funding.
