The government has allocated a massive Kshs. 26 Billion to cushion Kenyans against the economic impact of Covid 19. The bulk of funds, allocated through the National Treasury, are set to assist the business community in the coming financial year.
The money will be distributed according to the post COVID-19 economic recovery strategy.
The funds will be a big boost to the economy as the pandemic has wreaked financial devastation with many businesses closing down and others laying off staff, leaving millions of Kenyans unemployed
The government has allocated Kshs 6.4 Billion towards improving educational infrastructure and Kshs 1.7 Billion towards agriculture to cushion farmers. The allocation shows the government’s commitment to making sure that ordinary Kenyans bounce back from the economic crises caused by the COVID-19 pandemic.
The government has also been disbursing a total of Kshs. 250Million in cash every week directly to vulnerable families in the country. The result of this disbursement is a much-needed boost to local economies to help them thrive in the midst of the covid-19 pandemic.