The Microfinance Bill, National Assembly Bill No 26 of 2026 which seeks to amend the laws regulating microfinance businesses in Kenya has undergone its first reading in the National Assembly

The Bill sponsored by the Leader of Majority, Hon. Kimani Ichung’wah seeks to repeal and replace the existing Microfinance Act, 2006 in a move aimed at aligning the law with the evolving nature of microfinance banking and strengthening consumer protection in the sector.

The Budget and Appropriations Committee, chaired by Hon. Samuel Atandi, has engaged the Cabinet Secretary for the National Treasury, Hon. John Mbadi, Treasury PS, Mr. Chris Kiptoo and DG, Budget and Fiscal Economic Affairs, Mr. Albert Mwenda on the FY 2026/27 Budget Estimates and the Medium-Term Fiscal Framework.

Appearing before the Committee, CS Mbadi defended the fiscal framework anchored on a projected total expenditure of Ksh 4.785 trillion, against total revenue including A-I-A of Ksh 3.629 trillion, resulting in a fiscal deficit of Kshs 1.111 trillion (5.3% of GDP).

The Budget and Appropriations Committee has supported proposals to establish an independent funding framework for the Office of the Auditor-General, stronger enforcement of audit recommendations and tighter controls on public revenue collection.

Chaired by Hon. Samuel Atandi, the Committee engaged Deputy Auditor-General for Corporate Services Isaac Ng’ang’a and senior officials from the OAG during scrutiny of the 2026/27 Budget Estimates, where concerns over audit delays, revenue leakages in counties, and widening audit backlogs dominated the session.

𝐒𝐄𝐍𝐀𝐓𝐄, 𝐄𝐗𝐄𝐂𝐔𝐓𝐈𝐕𝐄 𝐒𝐓𝐀𝐅𝐅 𝐌𝐄𝐄𝐓 𝐓𝐎 𝐒𝐓𝐑𝐄𝐍𝐆𝐓𝐇𝐄𝐍 𝐂𝐎𝐎𝐑𝐃𝐈𝐍𝐀𝐓𝐈𝐎𝐍 𝐈𝐍 𝐏𝐑𝐎𝐂𝐄𝐒𝐒𝐈𝐍𝐆 𝐏𝐀𝐑𝐋𝐈𝐀𝐌𝐄𝐍𝐓𝐀𝐑𝐘 𝐁𝐔𝐒𝐈𝐍𝐄𝐒𝐒

𝐓𝐡𝐮𝐫𝐬𝐝𝐚𝐲, 𝟐𝟖 𝐌𝐚𝐲 𝟐𝟎𝟐𝟔

Senate staff and Parliamentary Liaison Officers drawn from Ministries and Departments have convened for a high-level retreat aimed at strengthening coordination between Parliament and the Executive in the processing of parliamentary business.