By DAVID MWEREMore by this AuthorTreasury Cabinet Secretary Henry Rotich has directed all government ministries, departments, agencies (MDAs) and county governments to refrain from engaging in negotiations for external borrowing without the approval of his office. The memo has also been circulated to principal secretaries, the accounting officers in ministries and all CEOs of state corporations. To mitigate the government against any potential financial risk, Mr Rotich said that the ministry has developed a checklist of mandatory requirements that MDAs and counties must fulfill before seeking external financial support. “There should be commitment to relocate public utilities like electric and sewer lines and confirmation of adequate human resources capacity for the project implementation,” Mr Rotich said. Develop strategyWhere there is a shortfall, the implementing MDAs and the county governments must commit to develop a strategy to fill the gaps.

Source: Daily Nation November 12, 2018 10:18 UTC