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The Kenyan government has successfully securitized seven shillings from every litre collected through the Road Maintenance Levy Fund, raising a total of Ksh 175 billion. This bold move aims to settle the substantial backlog of pending bills owed to road construction contractors. So far, 40% of the owed funds have already been disbursed, with the remaining balance expected to be paid within the next 120 days. Hibaq has the details __
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Government Secures Ksh175B to Settle Road Debts | 40% Already Disbursed to Contractors
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