President William Ruto on Thursday declined to assent to the much-anticipated Conflict of Interest Bill 2025 and referred it back to Parliament.
The bill is part of the requirements the World Bank had placed on Kenya for further loan and development support, according to the global multilateral lender and Treasury Cabinet Secretary John Mbadi.
The development comes just less than a day after the World Bank showed good faith to Kenya and granted the government a Ksh77 billion (USD600 million) loan. The World Bank had made the passage of the Conflict of Interest Bill a key condition for releasing approximately Ksh104 billion (USD800 million) in funding. President William Ruto with World Bank President Ajay Banga on the sidelines of G20 Compact with Africa Conference in Berlin Germany.
Photo PSC This legislative requirement was part of a broader set of governance reforms aimed at enhancing transparency and accountability within the Kenyan government, set by the Washington-based lender.
