Good corporate governance is indispensable for the survival and performance of corporate entities. The purpose of the Capital Markets Authority’s (CMA) Guidelines on good corporate governance was to improve governance practices in the corporate sector, as well as attract and retain...

Kenya established the Road Maintenance Levy Fund in 1993 to finance road maintenance. The Kenya Roads Board is at the centre of the Fund’s administration and accomplishes this by working in collaboration with various implementing agencies. However, through professional experience, we have...

The Local Authorities Transfer Fund (LATF) is an intergovernmental transfer system, supplementing the financing of service delivery within the framework of fisc0al decentralization. LATF’s objectives are to improve service delivery, enhance financial management and accountability as well...

The past two decades have seen exponential growth in the number of small and medium enterprises in Sub-Sahara Africa; however, about two-thirds of such enterprises often fail to take off, resulting to negative economic impacts at the micro and macro-levels. However, documentation of the subject...

The Local Authorities Transfer Fund (LATF) is one of the funds that the Kenyan Government has decentralized to local authorities to supplement the financing of service delivery, enhance financial management and accountability, as well as reduce debts accumulated by the authorities. The purpose...

Microcredit is a crucial tool for economic empowerment of women. In Kenya, the microcredit industry has supported more than 3 million small and medium enterprises for close to 30 years. Kenya Women Finance Trust is a leading microcredit institution dealing exclusively with financing needs of...

The Government has decentralized about 16% of the Road Maintenance Levy Fund to constituencies to maintain feeder roads. Decentralization of the fund creates opportunity for communities to participate in road maintenance, thus, improve transparency, accountability, ownership and sustainability....

Debt can be rewarding in cases of moderate use, but can be disastrous in cases of imprudence. Excessive debt has been a key challenge to Kenyan local authorities, constraining service delivery and undermining financial sustainability. The Government established and decentralized the Local...

The Road Maintenance Levy Fund came into existence in 1993 through an Act of Parliament, to facilitate the maintenance of public roads. The Kenya Roads Board administers the Fund and works in collaboration with various implementing agencies. However, anecdotal information suggests that the...