County Government of Laikipia

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County Government of Laikipia (2022-05)
  • County Government of Laikipia
  • Year : May 2022
3 Tokens
USD 300.00
Summary

Laikipia’s credit profile has been bolstered by an improvement in operating performance. Both total income and own source revenue (“OSR”) declined in FY20 due to the disruptions caused by the COVID-19 pandemic. However, the County implemented programmes to support residents through the pandemic, and to mitigate the negative impact on economic performance.  More significantly, efforts to expand the tax base by registering new businesses, introducing new fees and taxes and updating the property valuation role continued, resulting in a rebound in OSR to KES840m in FY21 (FY20: KES731m), 84% of budget.

Additional Information

The Stable Outlook reflects GCR’s expectation that Laikipia will continue to grow OSR and improve service delivery, which should support strong debt service metrics despite the proposed bond issuance. According to the KNBS, the county covers an area of 9,532 square kilometres and ranks as the 15th largest county in Kenya by land size. Laikipia County comprises of five administrative sub-counties (formerly districts) namely Laikipia East, Laikipia North, Laikipia West, Laikipia Central and Nyahururu. The county has three constituencies namely; Laikipia East, Laikipia West and Laikipia North and 15 electoral wards.

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