Report On Consideration Of The Central Bank Of Kenya (amendment) Bill (na No. 27 Of 2026)

THENATIONALASSEMBLY

THIRTEENTHPARLIAMENT-FIFTHSESSION-2026

DIRECTORATEOFDEPARTMENTALCOMMITTEES

DEPARTMENTALCOMMITTEEONFINANCEANDNATIONAL PLANNING

REPORT ON:

THECONSIDERATIONOFTHECENTRALb.NKOFKENYA (AMENDMENT)BILL(NATIONALASSEMBLY BILL NO.27 OF 2026)

Published by:

The Directorate of DepartmentalCommittees

Clerk'sChambers Parliament Buildings NAIROBI

JUNE 2026

THENATIONAL ASSEMBLY PAPERS LAD

DAY.

DATE:

2 4 JUN 2026

WKLNESDAY

TABLED

Hsdl(maf1 以ua(A/m

BY:

CHAA,FNAE CommcTE

CLERK-AT

ESTHeLGwYO

THE-TABLE:

TABLEOFCONTENTS

| ANNEXURES | ANNEXURES | | |---------------------------------------------------------|-----------------------------------------------------------------------------------------|-----| | CHAIRPERSON'SFOREWORD | CHAIRPERSON'SFOREWORD | | | CHAPTERONE | CHAPTERONE | | | IPREFACE | IPREFACE | | | I.IESTABLISHMENTANDMANDATEOFTHECOMMITTEE | I.IESTABLISHMENTANDMANDATEOFTHECOMMITTEE | | | 1.2 | COMMITTEEMEMBERSHIP | | | I.3COMMITTEESECRETARIAT | I.3COMMITTEESECRETARIAT | | | CHAPTERTVO | CHAPTERTVO | 10 | | 2.0 | OVERVIEWTHECENTRALBANKOFKENYA(AMENDMENT)BILL, (NATIONAL ASSEMBLY BILL NO. 27 OF 2026).. | .10 | | 2.1 | Background. | 10 | | 2.2 | Sumrmaryof LegalProvisions | 10 | | CHAPTERTHREE | CHAPTERTHREE | 12 | | 3.PUBLICPARTICIPATIONANDSTAKEHOLDERENGAGEMENTONTHE BILL | 3.PUBLICPARTICIPATIONANDSTAKEHOLDERENGAGEMENTONTHE BILL | 12 | | 3.ILEGALFRAMEWORKONPUBLICPARTICIPATION | 3.ILEGALFRAMEWORKONPUBLICPARTICIPATION | 12 | | 3.2MEMORANDARECEIVEDONTHEBILL | 3.2MEMORANDARECEIVEDONTHEBILL | 12 | | 3.3SUBMISSIONSFROMSTAKEHOLDERS | 3.3SUBMISSIONSFROMSTAKEHOLDERS | 13 | | CHAPTERFOUR | CHAPTERFOUR | 30 | | 4COMMITTEEOBSERVATIONS | 4COMMITTEEOBSERVATIONS | 30 | | CHAPTERFIVE | CHAPTERFIVE | 32 | | 5COMMITTEERECOMMENDATION | 5COMMITTEERECOMMENDATION | 32 |

LISTOFABBREVIATIONSANDACRONYMS

AG

AttorneyGeneral andDepartmentof Justice

AML/CFT

Anti-money Laundering and Countering the Financing of Terrorism

BCR

BenefitCostRatio

CBK

Central BankofKenya

CBK-IMS

Central BankofKenya Institute of MonetaryStudies

CMA

Capital Markets Authority

COK

Constitution of Kenya

CRA

CommissiononRevenueAllocation

DGPP

DomesticGoldPurchaseProgramme

DRC

Democratic Republic of Congo

EABX

East Africa Bond Exchange Public Limited Company

ICPAK

InstituteofCertifiedPublicAccountantsofKenya

IPF

InstituteofPublicFinance

KDIC

Kenya Deposit Insurance Corporation

LSK

Law Society of Kenya

MP

MemberofParliament

NGCDF

National Government Constituency DevelopmentFund

NPV

NetPresentValue

OCOB

OfficeoftheControllerofBudget

ODM

Orange Democratic Movement

PWDs

PersonswithDisabilities

UBO

UltimateBeneficial Owners

UDA

United DemocraticAlliance

YSD

YouthforSustainableDevelopment

ANNEXURES

AnnexureI:AdoptionSchedule

Annexure2:Minutesof theCommitteeonconsiderationof theBill

Annexure 3: The Central Bank of Kenya (Amendment) Bill (National Assembly Bill No. 27of2026)

Annexure 4: Advertisement inviting the public to submit memoranda on the Bill and attendPublicHearings invariousCounties.

Annexure 5:Letter from the Clerk of the National Assemblyinviting relevant stakeholdersto attendthepublicparticipationforum.

Annexure6:MemorandabyStakeholders

CHAIRPERSON'SFOREWORD

This Report contains the proceedings of the Departmental Committee on Finance and National Planning on its consideration of the Central Bank of Kenya (Amendment) Bill (NationalAssemblyBillNo.27of2026).TheBillwaspublishedintheKenyaGazetteon I9th May 2026 and read a First Time on 26th May 2026. The Bill was thereafter committed to the Committee for consideration and tabling of the report to the House pursuant to StandingOrder127.

The Bill seeks to strengthen the statutoryframework governing liquidity support by the liquidity assistance provided during periods of financial distress. The Bill also seeks to establish prudential safeguards, including solvency, viability, and systemic risk

The Bill also seeks to promote market discipline,reduce moral hazard and enhance legal certainty and coordination during periods of financial stress through clear statutory procedures and conditions governing the exercise of the Bank's emergency lending powers.

the approval by the National Assembly of persons nominated for appointment as Deputy Governors of the Central Bank of Kenya.The amendment seeks to align the approval process for theDeputyGovernorwiththatoftheGovernorof theCentral Bankof Kenya, whose appointment is subject to approval by the National Assembly, and to seniorofficialsoftheCentralBankofKenya.

In compliance with Article 1 18 (1) (b) of the Constitution and Standing Order 127(3), the Clerk of the National Assembly placed an advertisement in the print media on 30th May 2026 inviting the public to submit memoranda by way of written statements on the Bill and also attend Public Hearings in Thirteen Counties from 2ndJune 2026to 8th June 2026.

Inaddition, the Clerk of the National Assembly vide letter Ref. No. NA/DDC/F&NP/2026/092dated5thJune2026invitedkeystakeholderstosubmitviews on the Bill and attend a public participation forum on Tuesday, 9th June 2026. The memoranda were to be received on or before Monday, 8th June 2026 at 5.00 pm (East African Time).

The Committee is grateful to the Offices of the Speaker and Clerk of the National Assembly for the logistical and technical support accorded to it during its consideration of the Bill. Similarly, I wish to express my appreciation to the Honourable Members of the CommitteeandtheCommitteeSecretariatwhomadeinvaluablecontributionstowards On behalf of the Departmental Committee on Finance and National Planning andpursuant to the provisions of Standing Order I99(6), it is my pleasure to report that the Committee has considered the Central Bank of Kenya (Amendment) Bill (National Assembly Bill No. 27 of 2026) and wish to report to this august House with the recommendation that the House approves the Bill with amendments.

Hon.FCPA.KuriaKimani,CBS,M.P Chairperson, Departmental Committee on Finance and National Planning

IPREFACE

I.IESTABLISHMENTANDMANDATEOFTHECOMMITTEE

• I.The Departmental Committee on Finance and National Planning is one of twenty departmental committees of the National Assembly established under Standing Qrder 216whose mandatepursuant to theStanding Order 216 (5) is as follows:
• a)To investigate, inquire into, and report on all matters relating to the mandate, management, activities, administration, operations and estimates of the assigned ministriesanddepartments;
• b andtheeffectivenessoftheimplementation;
• C To, on a quarterly basis,monitor and report on the implementation of the national budgetinrespectofitsmandate;
• P Tostudy and reviewall legislationreferredtoit;
• e) To study, assess and analyse the relative success of the ministries and departments as measured by the results obtained as compared with their stated objectives;
• f) To investigate and inquire into all mattersrelating to the assigned ministries and departments as they may deem necessary, and as may be referred to them by the House;
• g TovetandreportonallappointmentswheretheConstitutionoranylawrequires the National Assembly to approve, except those under Standing Order 204 (Committee on Appointments);
• h)To examine treaties,agreements and conventions;
• i) To make reports and recommendations to the House as often aspossible, includingrecommendationsofproposedlegislation;
• i To consider reports of Commissions and Independent Offices submitted to the House pursuant to the provisions of Article 254 of the Constitution; and
• )Toexamine any questions raised by Members on a matter within its mandate.

2. The Second Schedule to the National Assembly Standing Orders assigns the Committee the mandate to consider matters in relation to public finance, public audit policies, monetary policies, financial institutions, economy, investment policies, competition, banking, insurance, national statistics, population, revenue policies including taxation, national planning and development, digital finance, including digital currency. 3. In executing its mandate, the Committee oversees the following Ministries/Departments:

• a)The National Treasury.

Report of theDepartmental Committee on Finance and NationalPlanningon its Consideration of The CentralBankofKenya(Amendment)Bill(NationalAssemblyBill No.27of2026)

CHAPTERONE

• b)State Department for Economic Planning.
• (P The Commission on Revenue Allocation (CRA)
• State Department for Public Investments and Asset Management.
• e) Office of the Controller of Budget

1.2COMMITTEEMEMBERSHIP

1. The Departmental Committee on Finance and National Planning was constituted by the House on27th October 2022 and reconstituted onWednesday,5th March 2025 and comprises the following Members:

Chairperson

Hon. FCPA Kuria Kimani, CBS, MP. Molo Constituency UDA Party

Vice-Chairperson

Hon. (Amb.) FCPA Langat Benjamin Kipkirui, CBS, MP Ainamoi Constituency UDA Party

Members

Hon.Peter Kaluma,CBS, MP Homa Bay Town Constituency ODM Party

Hon. Sunkuyia, R. George, MP Kajiado West Constituency UDA Party

Hon. FCPA Oyula, Joseph H. Maero, MP Butula Constituency ODM Party

Hon.Dr.Gathoni Wamuchomba,HSC,MP Githunguri Constituency UDA Party

Hon. Mboni, David Mwalika, MP Kitui Rural Constituency WDM Party

Hon. Sheikh Umul Sheikh, MP Mandera County UDM Party

Hon. Okuome Adipo Andrew, MP Karachuonyo Constituency ODM Party

Hon. (Dr.) Shadrack Mwiti, MP

South Imenti Constituency

Jubilee Party

Hon. Chiforomodo, Munga, MP Lunga Lunga Constituency UDM Party

Hon. (Dr.) Ariko John Namoit, MP Turkana South Constituency ODM Party

Report of theDepartmental Committee on Finance and National Planning on its Consideration of The Central Bankof Kenya (Amendment)Bill1 (National Assembly BillNo.27of 2026)

Hon. CPA Rutto Julius Kipletting, MP Kesses Constituency UDA Party

Hon. Paul Biego, MP Chesumei Constituency UDA Party

1.3COMMITTEESECRETARIAT

• 4.The Committee is facilitated by the following staff:

Ms. Tracy Chebet

Principal Clerk Assistant Il

Ms.Jennifer Ndeto

Mr. Benson Kamande

Deputy Director Legal Services

Clerk Assistant II

Ms. Winfred Kambua

Mr.Salem Lorot

ClerkAssistantI

Senior Legal Counsel

Mr. Eugene Luteshi

Ms.NellyW.Ondieki

AudioOfficerIlI

Research Orficer Ill

Mr. George Ndenjeshe

Mr. James Macharia

Fiscal Analyst II

Media Relations Officer

Ms. Joyce Wachera

Mr.Benson Muthuri

Hansard Reporter II

Assistant Serjeant-At-Arms

Mr. Jared Onyancha

Mr. Allan Ngugi

Protocol Officer

Administrative OfficerIl

Hon. Machele M. Soud, MP Mvita Constituency ODM Party

CHAPTERTWO

2.0 OVERVIEW OF THE CENTRAL BANK OF KENYA (AMENDMENT) BILL,(NATIONAL ASSEMBLY BILL NO.27 OF 2026)

2.1Background

• 5.The Central Bank of Kenya (Amendment) Bill (National Assembly Bill No.27 of 2026) is a National AssemblyBill sponsoredby the Chairpersonof theFinance andNational Planning Committee, Hon. FCPA Kuria Kimani, CBS, MP. It was published on I9th May 2026,andreadaFirstTimeon26thMay2026.TheBillwas thereaftercommittedto the Committee for its consideration and tablingof the report to the House pursuant toStanding Order 127.

2.2Summary of LegalProvisions MainhighlightsoftheBill

• 6.The Bill seeks to strengthen the statutory framework governing liquidity support by the Central Bank through clearly distinguishing routine monetary policy operations from emergency liquidity assistance provided during periods of financial distress.

7. The Bill also seeks to provide legal clarity on the scope and limits of the Bank's intervention powers and to establish prudential safeguards, including solvency, viability, 8. The Bill also seeks to promote market discipline, reduce moral hazard, and enhance lending powers.

• 9.Additionally, the Bill seeks to amend the Central Bank of Kenya Act (Cap.49l) to requiretheapprovalbytheNationalAssemblyofpersonsnominatedfor appointment as Deputy Governors of the Central Bank of Kenya.The amendment seeks to align the approval process for the Deputy Governor with that of theGovernor of the Central Bank of Kenya, whose appointment is subject to approval by the National Assembly, and to enhance transparency, accountability, and parliamentary oversight in the appointment of senior officials of the Central Bank of Kenya.

Specific provisions

10. Clause 2 of the Bill proposes to amend section 4(2) of the Act to strengthen and clarify the mandate of the Central Bank in promoting financial system liquidity, solvency, integrity and effective regulation of the banking sector. 2. I1.Clause 3 of the Bill seeks to empower the Bank to provide training and capacity building to its staff, the public, government institutions and persons from other jurisdictions. 3. 12.Clause 4of the Billseeksto amend sectionI3B(l)of the Act to replace the word "Parliament" with "the National Assembly" in order to align the provision with the constitutionalapprovalframework. 4. 13.Clause5oftheBillseekstoamendsection27oftheActtoensureeffective implementation of the powers of the Bank to deal in gold, bullion, precious metals and foreign exchange as part of its reserve and market operations functions. 5. 14.Clause6of theBillseeks torepeal andreplacesection36of theAct to establish a clearer framework for loans, advances and emergency liquidity assistance by the Bank for monetary policy and financial stability purposes. 6. 15.Clause 7 of the Billproposes to amend section 46A of the Act by replacing the term "Deposit Protection Fund Board"with "Kenya Deposit Insurance Corporation"to align the Act with the current institutional framework. The Kenya Deposit Insurance Act established the Kenya Deposit Insurance Corporation, thereby replacing the defunctDepositProtectionFundBoard. 7. 16.Clause8of theBill seeks to amendsection57(3)of theAct toempower theBank implementingtheAct.

CHAPTERTHREE

3.PUBLICPARTICIPATIONANDSTAKEHOLDERENGAGEMENTON THEBILL

3.ILEGALFRAMEWORKONPUBLICPARTICIPATION

17. Article Il8 (1)(b) of the Constitution provides that:

"Parliament shall facilitate public participation and involvement in the legislative and other businessofParliamentanditsCommittees."

18. The National Assembly Standing Order 127 (3) and (3A) stipulates that: 2. (a) inviting submission of memoranda; 3. "(3)TheDepartmental CommitteetowhichaBill iscommittedshall facilitatepublic participation Qn theBill through an appropriate mechanism including- 4. (b) holding public hearings; 5. (c)consultingrelevantstakeholdersinasector;and 6. (d) consulting experts on technical subjects. 7. (3A)TheDepartmentalCommitteeshalltakeintoaccounttheviewsand recommendationsofthepublicunderparagraph(3)initsreporttotheHouse."

3.2MEMORANDARECEIVEDONTHEBILL

• 19.Pursuant to the aforementionedprovisionsof law,the Clerkof theNational Assembly placed anadvertisement intheprintmediaon30thMay2026inviting thepublicto submit memoranda ontheBillandparticipate inpublicbearingsbetween2ndJune2026 to 8th June 2026 in thirteen different Counties. Further, the Clerk of the National Assembly vide let.ter Ref NA/DDC/F&NP/2026/092 dated 5th June 2026 invited key stakeholders to submitviews on the Bill and attend a public participation forum ON 9th June 2026 resprectively.
• 20.The Committee received six (6) memoranda from the following stakeholders whose submissionsaredetailedbelow:
• (1) The Office of the Attorney General and Department of Justice;
• (3) The Central Bank of Kenya;
• (2) The East Africa Bond Exchange Public Limited Company;
• (4) Wanjiku Gikonyo;
• (5) Bowmans; and
• (6) Youth for Sustainable Development (YSD), Makueni Chapter.

3.3SUBMISSIONSFROMSTAKEHOLDERS

Clause2

21. The Office of the Attorney General proposed deleting the word "promote"to provideclarityontheobjectofthebank.

Committee Observation

The Committee agreed with the proposal by the Office of the Attorney General.

22. The East Africa Bond Exchange Public Limited Company (EABX PLC) submitted that theproposal would create a two-regulator system that requires careful coordination to avoidparalysis.A capital marketintermediary like an exchange (EABX) would lose its exclusive relationship with the capital markets regulator thus, they proposed amending the clause in sub-sections (2) and (3) to read as follows: 2. "(2) The Bank shall promote and foster the stability of the financial system as a whole, includingby: 3. and 4. (b) coordinating the Capital Markets Authority (CMA) to identify and mitigate systemicrisksarisingfromcapitalmarketactivities." 5. (3)Fortheavoidanceofdoubt: 6. (a) The Bank shall not exercise direct supervisory, regulatory, or enforcement powersoveranycapitalmarketintermediarylicensedundertheCapitalMarkets Act,includingbutnotlimitedtoexchanges,clearinghouses(exceptasexpressly provided in separate CCP legislation), broker-dealers,asset managers, or securities depositories. 7. (b) The Bank's authority with respect to the liquidity, solvency, proper functioning, or integrityof themarket-basedfinancialsystemshallbeexercisedexclusively through: 8. (i) information-sharing arrangements with the CMA; 9. (i) non-binding recommendations to the CMA;and 10. (ii)Participation in an interagency Financial Stability Committee chaired by the Bank, with the CMA and exchange representatives as voting members."

CommitteeObservation

The Committee observed that the proposed amendment seeks to bring clarityon themandateof theCentral BankofKenya anddoesnotencroach into the mandate of the Capital Markets Authority. The intention of the amendment is to expressly articulate soundness, safety, and effective regulation of the banking system as a secondary role of the Central Bank of Kenya.

23. The Central Bank of Kenya proposed amending Clause 2 in by deleting the proposed new subsection (2) (a) and substituting it with the following new subsection 2. "4(2)TheBank shall promote andfoster- 3. (a)the stability, resilience, liquidity, solvency, integrity and proper functioning of a market-basedfinancialsystem;and" 4. 24.The Bank stated that this will strengthen CBK's contribution to financial system mandate and consistent with evolving complexity banking regulation.Further, it was financial marketsoversight.

Committee Observation

The Committee agreed with the proposal by the Central Bank of Kenya.

Clause 2 (b)

25. The Attorney General proposed amending the clause to define the term "banking system" or use the term "market-based financial system". This will provide clarity in what is referred to as the "banking system" or make reference to the "market-based

CommitteeObservation

The Committee noted the proposal by the Attorney-General but was of the view that the use of the two terms in paragraphs (a) and (b) is in different senses. Therefore, defining the terms was not necessary.

Clause3

26. The Office of the Attorney-General proposed amending the proposal by deleting i.Provide capacity building to the members of staff of the Bank; and

• ii.Establish an institution tooffer trainingtomembersof thepublicin accordance withtheTechnical andVocational Education andTrainingAct.

27. This will provide clarity on the scope of capacity building that may be undertaken by the Bank. Additionally, it will provide consistency with the Technical and Vocational Education and Training Act.

CommitteeObservation

The Committee acknowledged the Attorney-General's concerns but was of the view that the provisionwas proper.

Clause5

• 28.The Central Bank of Kenya proposed amending clause 5 in the new platinum'.
• captures the silver and platinum that are by-products of the gold refining process. CBK itself will not perform any refining but may enter into arrangements with licensed refiners to refine any purchased gold doré.
• 30.The deletion of reference to"international agreement"has been occasioned since Kenya no longer uses fixed-exchange rate system that needed such agreements.

31. The amendments are intended to boost the local mining sector and is aligned with the practice in Tanzania,Ghana,DRC,and South Africa.

CommitteeObservation

The Committee agreed to the proposal by CBK.

32. Ms. Wanjiru Gikonyo proposed amending the Clause by inserting a new subsection to read as follows:

"The Bank shall not accept, store, or refine gold, silver, platinum, or any other precious metalas collateralfor emergencyliquidity or crisis-lendingfacilitiesunless such commodityhasbeenindependentlyverified,assayed,andvaluedbyaninternationally accredited,third-partycertifyingbody.Thecompleteinventory,valuationnotes,and transaction histories of all precious metal holdings shall be published in theKenya Gazette and on the Bank's portal on a monthlybasis."

33. According to the stakeholder, this new insertion will enforce maximum asset-backing transparency and place a strict statutory guardrail.

CommitteeObservation

Report of the Departmental Committee on Finance and National Planning on its Consideration of The Central Bank of Kenya (Amendment)Bill (National Assembly Bill No. 27of 2026)

The Committee acknowledged Ms. Gikonyo's proposal but was of the view that it went beyond the scope of the provision.

New Proposal

34. The Central Bank of Kenya proposed introducing a new clause amending section 26(1)(a) to insert the words "and any other precious metals" to read as follows:

"(@)goldandanyotherpreciousmetals;"

35. The stakeholder stated that introducing the term "and any other precious metals" is for harmony and complete alignment with the proposed amendment of Section 27(1) that establishes the Domestic Gold Purchase Programme (DGPP).

ComnnitteeObservation

The Ccommittee agreed with the proposal by the Central Bank of Kenya. The amendment is in conformity with the proposed amendments to clause 5 of theBill andwillensureconsistencyintheAct.

Clause6

36. The Attorney-General proposed amending the clause to specify transitional provisions for loans issued by the bank.

CommitteeObservation

The Committee agreed with the proposal by the Attorney-General.

37. Ms. VWanjiku Gikonyo proposed amending the clause by inserting a new section 36(7) to read as follows:

"The Bank shall not extend emergency liquidity support to any financial institution whose equityholders of thatproject havefirst undergone a court-sanctioned equitywrite-down tozerovalue.

Furthermore, to qualify as an eligible counterparty for such emergency facilities, the applicantfinancialinstitutionmustbeartheburdenofprooftodemonstrateabsolute

• (a) the institution's exposure to the project did notviolate single-obligor concentration limits at the time of underwriting,
• (b) the credit risk assessment did not rely on unbacked sovereign comfort letters, and

• liquidity ratios natively for the twenty-four (24) months preceding the project's default.

Any institution found to have relaxed its standard underwriting prudence or bypassed macro-prudentialguidelinesinfinancingtheunderlyingpublicinvestmentshallbe permanentlybarredfromaccessingthefacilityandplacedunderimmediatestatutory receivership."

• 38.The stakeholder submitted that this newinsertionwill ensure thatbanks and investors bear therisks of their own commercial decisions,insteadof transferring thoserisks tothepublicthroughtheCentralBank.

CommitteeObservation

The Committee acknowledged the proposal by Ms. Gikonyo but was of the viewthat thenew section36was adequate andthat alldetails onits implementationcouldnotbespelledout.Further,thenewsectionshouldnot be considered in isolation from other provisions concerning the Central Bank of Kenya's mandate. The Committee was of the view that the safeguards in the Act were adequate.

NewProposals - Clause 6

39. The Central Bank of Kenya proposed that clause 6 be amended in the proposed d e os , s (e)() as read,"(a)meet theBank'scriteria ofviability;" 40. They stated that this will provide CBK with flexibility that does not constrain its legal ability to determine how and when liquidity support can be extended to restore viability andprotectthestability of thebanking system.

Committee Observation

The Committee agreed with the proposal by the Central Bank of Kenya.

• 4 1. Additionally, CBK proposed that clause 6 be amended to revise the extension period
• "(5) The Bank may extend the period specified under subsection (4) for such period or periods not exceeding five (5) years and under such terms and conditions as the Bank may specify."

Committee Observation

The Committee agreed with the proposal by the Central Bank of Kenya.

• 42.Ms. Wanjiku Gikonyo proposed amending the proposal by inserting a new subsectiontoreadasfollows:

"Anyfinancial institutionthataccesses the extendedI2-month emergencyliquidity windowshallstatutorilymaintainitscredit allocationto the domesticagricultural and manufacturing sectors at a minimum aggregate of 15% of its total net loan portfolio, oratthenominalshillingbaselinevaluerecordedinthequarterimmediatelypreceding the liquidity distress adjusted for the prevailing inflation rate, whichever is higher, throughout the entire tenure of the liquidity support."

CommnitteeObservation

The Committee acknowledged the proposal by Wanjiru Gikonyo but was of the view that the proposal is restrictive and would defeat the purpose of emergency liquidity assistance, which is the intention of the new section proposed in the Bill.

Clause7

43. The Central Bank of Kenya proposed amending clause 7 of the Bill in the proposed new section 46A by deleting the words "Subject to section 37(2) of the Banking Act" so as to read as follows: 2. "46A. The Bank may grant loans or advances for fixed periods, not exceeding three years,totheKenyaDeposit InsuranceCorporationonthesecurityof TreasuryBillsor otherGovernment securitiesspecified by theBank." 44. The Bank submitted that Section 37(l) of the Banking Act was repealed, rendering reference to it misleading.

CommitteeObservation

The Committee agreed to the proposal by the Central Bank of Kenya.

45. Ms. Wanjiku Gikonyo proposed amending the proposal by inserting the following newsubsections after 46A:

Upon the activationof the12-month emergencyliquidityfacility,theBankshall within seven(7) dayspublish in at least two dailynewspapersof nationwide circulation and onitsofficialwebsite,acomprehensivescheduledetailingthenaturalnamesand national identity/passport numbersof the toptwenty(2o)UltimateBeneficial Owners (20) corporate debtors, notwithstanding any nominee or offshore structures.

"Simultaneously,theBankshallpetition theHighCourt for anex-parte conservatory accounts,andpropertieshelddirectly,indirectly,orthroughproxies,byallcurrentand preceding board directors (both executive and non-executive), executive management,

"The aggregate value of loans extended to the Kenya Deposit Insurance Corporation backedbygovernmentsecurities under this section shall not exceedI.5%of the total auditedordinaryrevenueofthenationalgovernmentintheprecedingfinancialyear andshallrequireprior explicit approval by a two-thirds majorityresolution of the NationalAssembly."

"The Bank shall be statutorily prohibited from extending any emergency liquidity facility or long-term loan to the Kenya Deposit Insurance Corporation (KDiC) if the underlying securityprovidedconsistsofgovernmentbondsorbillsthatexceedacumulativeIo%

The stakeholder highlighted that these safeguards will preserve the fiscal sovereignty of future generations as well as ensure thereis limited operational hideoutfornegligent executives.

Committee Observation

The Committee acknowledged Ms. Gikonyo's proposals but was of the view that they go beyond the scope of the provision.Further, the Committee noted that the Kenya Deposit Insurance Corporation is a State Corporation which provides a deposit insurance scheme for customers ofmember institutions and to receive, liquidate, and wind up any institution. The current provision providessafeguards,asloansadvancedaresecuredbyTreasuryBillsorother Government securities.However,if safeguards were needed, they could be addressed administratively or through regulations, as provided for in section 57 of the Central Bank of Kenya Act, Cap.491.

Newproposals

TheCentralBankofKenya

Section4D

46. The Central Bank of Kenya proposed amending the marginal note to section 4D and replace the words"Monetary Policy Advisory Committee"with"Monetary Policy

Committee".The amendment seeks to delete the term'Advisory'in the marginal note so as to align the text in the marginal note with the text in the section.

CommitteeObservation

The Committee agreed with the proposal by the Central Bank of Kenya.

Ms. Wanjiru Gikonyo

47. Ms. Wanjiku Gikonyo submitted to the Committee new proposals which are not containedintheBill. 48. She proposed inserting a new section in the Bill to address the absence of a registration framework for contingent liabilities. The new section will read:

"Any letter of comfort, indemnity, liquidity guarantee, or financial commitment issued bytheBankortheNational Treasurytoacommercial lenderorpublic-privateinvestor underthiscrisismanagementframeworkshallbenull andvoidunlessitisenteredinto apublic'National RepositoryofContingentLiabilities'withinforty-eight(48)hoursof execution, and accompanied by a detailed risk-quantification profile published on the Bank'sofficialportal.

• 49.She submitted that this proposal would enforce absolute visibility on off-balance-sheet exposure.

Committee Observation

The Committee acknowledged Ms. Gikonyo's proposal but noted that it would require further stakeholder consultation and research, and that it may be addressedinfuturelegislation.

50. Ms. WVanjiku Gikonyo proposed inserting a new section in the bill to read as follows:

"Any prudential guideline, directive, circular, manual, or policy issued by the Bank to extended 12-month emergency liquidity facility or 3-year KDiC lending mechanism shall be legallydeemed aStatutory InstrumentunderSection2of theStatutory Instruments Act.No such directive shall have the force of law or be enforceable unless its Present Value (NPV) greater than zero (NPV >O) and a Benefit-Cost Ratio exceeding sovereigndebtrisks.NosubsidiarylegislationorrulemadeunderthisAmendmentAct shall take effect, be published in the Kenya Gazette, or be enforced by the Bank until ithasbeenformallylaidbeforetheNationalAssemblyandreceivedanexplicit resolutionofapprovalfromtheCommittee onDelegatedLegislation.

• 51.She submitted that this provision will enforce institutional transparency and ensure compliancewithsections6and7of theStatutoryInstrumentsAct.

CommitteeObservation

The Committee acknowledged Ms. Gikonyo's proposal but noted that it would require further stakeholder consultation and research,and that it may be addressed in future legislation.

General Submissions

Bowmans

52. Ms. Gikonyo supported the policy objectives of the Bill, particularly the promotion of financial stability and the soundness of the banking system.However, Bowmans CreditProvidersandCreditGuaranteeProvidersmayinadvertentlycaptureforeign lenders, development finance institutions, multilateral institutions, private equity funds, and other entities engaged in cross-border financing activities, thereby creating regulatory uncertainty and potentially discouraging capital inflows.

CommitteeObservation

The Committee acknowledged Bowman's proposal but noted that it would require further stakeholder consultationand research,and that itmay be addressed in future legislation.

NewProvisions

Exemptions for Non-Deposit-Taking Credit Providers

53. Bowmans proposed amending the definition of "non-deposit-taking credit provider" under the Central Bank of Kenya Act to exclude foreign banks, development finance institutions, multilateral and bilateral financial institutions, private equity funds, venture capital funds, investment banks, and foreign entities that provide credit exclusively to corporates,partnerships,trusts,or Governmententities without accepting deposits from the public. 54. The current definition may inadvertently capture foreign and international entities engaged in cross-border lending, shareholder financing, syndicated lending, and development finance transactions, thereby creating legal uncertainty and potentially discouraging capital mobilisation and foreign investment.

Committee Observation

The Committee acknowledged Bowman'sproposal butnoted thatit would require further stakeholder consultation and research,and that it may be addressed in future legislation.

Exemptions for Foreign Credit Guarantee Providers

• 55.Bowmansproposed amendingsections33V,33W,33Xand33YoftheCentralBank licensing, supervision, and compliance requirements under the Credit Guarantee Provider Framework. The proposed exemptions include foreign banks, development finance institutions, multilateral and bilateral financial institutions, private equity funds, venture capital funds, investment banks, and foreign credit guarantee companies providing guarantees for facilities extended to persons in Kenya.
• 56.Additionally,thecurrentframeworksubjectsforeigncreditguaranteeprovidersto registrationandregulatoryrequirementsdespitebeingregulatedintheirhome international financingandcreditenhancementmechanisms.

CommitteeObservation

The Committee acknowledged Bowman's proposal but noted that it would require further stakeholder consultation and research, and that: it may be addressed in future legislation.

YOUTHFORSUSTAINABLEDEVELOPMENT(YSD)-MAKUENI CHAPTERCBO

57. Retain National Assembly approval but strengthen safeguards by

• a) Clearly defining merit-based selection criteria;
• b) Requiring publication of shortlisted candidates and CVs;
• c) Mandating public participation or vetting hearings;
• d) Insulating the process from partisan voting blocs

6. 58.ThestakeholdersubmittedthattheCentralbankindependenceiscriticalfor maintaining investor confidence, price stability, and predictable monetary policy. Further, Kenya's inflation has remained moderate in the 2025-2026 period, and stability must be protected.

Committee Observation

The Committee acknowledged YsD's proposal but noted that it would require further stakeholder consultation and research, and that it may be addressed in future legislation.

• 59.The YSD proposed that the Bill be amended to require that emergency liquidity interventionsbeprovidedforasbelow:
• a) Be publicly disclosed within 30-60 days;
• b) Be subject toNational Assembly oversight review.
• c) Include strict eligibility criteria for beneficiary institutions;
• (P Require repayment and recovery frameworks.
• 60.TheYSD submitted that financial stability interventions must be transparent to maintain public trust and prevent misuse of public-backed liquidity support mechanisms.

CommitteeObservation

The Committee acknowledged YSD's proposal but noted that it would require further stakeholder consultation and research, and that it may be addressed in future legislation.

New Proposal

61. Introduce a statutory cap on CBK emergency exposure and require:

• i. Periodic stress testing reports to National Assembly.

3. i。 Treasury guarantee backstops for systemic interventions; 4. lender-of-last-resort functions to avoicl quasi-fiscal risks.

CommitteeObservation

The Committee acknowledged YSD's proposal but noted that it would require further stakeholder consultation and research, and that it may be addressed infuture legislation.

New Proposal

63. Amend the Bill to include strict safeguard requiring; -

• i) Annualindependentvaluationauditsofreserveassets;
• i) Clear asset allocation thresholds for each commodity class;
• i) National Assembly reporting on reserve performance;

5. iv) Riskexposuredisclosureframeworks.

• 64.TheYSDsubmitted thatwhile diversification alignswithglobal centralbanking trends (including emerging market reserve strategies), it must be accompanied by strong

Committee Observation

The Committee acknowledged YsD's proposal but noted that it would require further stakeholder consultation and research, and that it may be addressed in futurelegislation.

NewProposals

• 65.TheYSDproposedtheintroductionofatransitionalimplementationframeworkof notlessthan6-I2monthsforaffectedfinancialinstitutions.TheYSDsubmittedthat Microfinance institutions in counties like Makueni provide essential credit to SMEs, farmers, and SACCO members. Sudden regulatory changes risk tightening credit access.

Committee Observation

The Committee acknowledged YsD's proposal but noted that it would require further stakeholder consultation and research, and that it may be addressed infuturelegislation.

New Proposal

• 66.TheYSDproposed that theBillprovide for enhanced powers inpreciousmetal
• i) Publicdisclosureofannualreservetransactions;
• i) Independent audit by the Office of the Auditor-General;
• ii) National Assemblycommitteereportingonreservestrategy.
• 67.The YSD submitted that given the strategic importance of national reserves, transparency is essential for public trust and economic stability.

CommitteeObservation

The Committee acknowledged YSD's proposal but noted that it would require further stakeholder consultation and research, and that it may be addressed in future legislation.

PublicHearingsattheCounties

68. In accordance with Article I18(b) of the Constitution and Standing Order I27(3) and 3(A) of the National Assembly Standing Orders, the Committee vide an advertisement dated 30th May, 2026 (Annexure 4) invited the public to submit views by way of public hearings in thirteen (I3) Counties. 69. The thirteen Counties were: Vihiga, Kiambu, Wajir, Siaya, Makueni, Nairobi, Nyamira, Taita Taveta,Turkana,Bomet,Tana River,Kilifi and Mombasa. 70. During the public hearings exercise, members of the Public were sensitized on the Bill theBill.Theysubmitted asfollows:

KIAMBUCOUNTY

71. The Committee engaged the residents of Kiambu county on 2nd June at the Kiambu National polytechnic. The public was sensitized on the bill and thereafter allowed to give their views. 2. 72.Majority of participants expressed support for the Bill, noting that the proposed amendments to the principal Act would strengthen the Central Bank's emergency liquidityassistanceframeworkandenhancethestabilityandresilienceofthefinancial accountability, emphasizing that the appointment of senior officials should be and approval to safeguard institutional independence and public confidence.

VIHIGACOUNTY

73. The Committee engaged residents of Vihiga County on 2nd June 2026 at Praise Centre Church, Mbale. The public was sensitized on the Clauses of the Bill and thereafter allowedtogivetheirviewsontheBill. 74. The residents supported the proposal, noting that it is vital for the law to be updated to reflect emerging developments in the financial sector for stronger regulation of digital lending and protection of consumers from unfair lending practices, thus ensuring thatfinancial sector reformspromote financial inclusion.

WAJIRCOUNTY

75. The Committee engaged the residents of Wajir County on 2nd June 2026 at the ICT Hall in Wajir town. The public was sensitised to the bill and thereafter allowed to give their views.

Report of theDepartmental Committee on Finance and NationalPlanning on its Consideration of The Central Bank of Kenya (Amendment) Bill (National Assembly Bill No. 27 of 2026)

76. The majority of the participants supported the Bill, welcoming the amendments in the principal Act that will strengthen the Central Bank's emergency liquidity framework, whichcould enhance financialsector stability.Someof the participants,however, emphasised that appointments of senior officials should remain transparent and subject to parliamentary approval.

SIAYACOUNTY

77. The Committee engaged residents ofSiaya County on 3rd June 2026atSiaya Institute of Technology,Siaya.The publicwas sensitized on the Clauses of the Bill and thereafter that they introduce measures aimed at modernizing the financial sector and improving financial regulation.

MAKUENICOUNTY

78. The Committee engaged the residents of Makueni county on 3rd June 2026 at the Wote Green Public Park. The public was sensitized on the bill and thereafter allowed to give their views. 2. 79.The Residents welcomed the provisions of the Bill, with the majority expressing enhancing financial sector stability and commended the proposed measures aimed at strengthening the Central Bank of Kenya's emergency liquidity assistance framework to bolster resilience within the financial system. Additionally, participants expressed supportforanyamendmentsorrecommendationsbytheCommitteethatwould contribute to improving the country's fiscal position, stimulate economic growth, and alleviate the cost-of-living pressures faced by citiz.ens.

NAIROBICOUNTY

80. The Committee engaged the residents of Nairobi County on 3rd June 2026 at the College of Insurance in South C, Nairobi. The public was sensitized on the bill and thereafterallowedtoairtheirviews. 81. The participants welcomed the provisions of the bill, with most of them appreciating the initiative to introduce the bill. They acknowledged the importance of improving the financial sector stability while ensuring that the emergency liquidity framework of the CBK is strengthened enough for stability. Further, the participants welcomed any amendment or proposal by the Committee that is intended to improve the fiscal conditionof thecountry andfurtherlower thecostof livingforcitizens.

NYAMIRACOUNTY

82. The Committee engaged residents of Nyamira County on 4th June 2026 at the West Mugirango NGCDF Hall in Nyamira. The public was sensitized on the Clauses of the Bill and thereafter allowed to give their views on the Bill. The residents proposed that the period of publichearings for complex Bills be lengthened to enable the common wananchi to better understand the contents of the Bills for informed decision making.

CommitteeObservation

The Committeenotedthe concernbutobservedthat theNational Assembly conducts public participation in accordance with Article I I8 of the Constitution and in strict compliance with statutory timelines aimed at ensuring a balance between timely legislation and meaningful public involvement.

BOMETCOUNTY

• 83.The Committee engaged residents of Bomet County on5th June 2026 at the St.Bakhita Youth Training Hall in Bomet. The public was sensitized on the clauses of the Bill and thereafter allowed togivetheirviewsontheBill.

84. The residents proposed amending the Bill further to extend the loan repayment an amendment to provide for adequate measures to protect taxpayers from potential losses that could arise from non-payment of the loans extended to commercial banks by the Central Bank of Kenya and any other resultant exposure to the CBK.

TAITATAVETACOUNTY

85. The Committee engaged the residents of Taita Taveta County on 5th June at the NGCDF Mwatate Hall. The public was sensitized on the bill and thereafter allowed to give their views. 86. Residents expressed support for the Bill, acknowledging its role in strengthening the needfor theCentralBanktointensifyitsoversightandenforcementeffortsagainst detrimental to borrowers. They urged the Bank to make full use of its regulatory and responsible lending. Additionally, participants underscored the importance of approval.

TURKANACOUNTY

87. The Committee engaged the residents of Turkana County on 5th June 2026 at the Turkana University in Lodwar. The public were sensitized on the bill and thereafter allowedtogivetheirviews. 2. serious crackdown on money lending agencies that charge interest that is higher than the principal loan amount. The residents urged the CBK to intensify their crackdown on the rogue agencies using existing laws and regulations to protect borrowers from exploitative lending practices. They also urged the Committee to ensure that appointments of senior officials should remain transparent and subject to parliamentary approval.

TANARIVCRCOUNTY

89. The Committee engaged the residents of Tana River County on 6th June at the County Hall,where the publicwas sensitized on the bill and thereafter allowed togive their views. 90. The residents supported the amendments on the Bill citing that it will enhance operational efficiency in the running of theCentralBank.Further,the residents supported theproposal thatrequire the approval by theNational Assembly of Persons nominatedforappointmentasDeputyGovernorsoftheCBK.

KILIFICOUNTY

• 91.The Committee engaged residents of Kilifi County on 8th June 2026 at Coast Development Authority Hall, Kilifi.The public was sensitized on the clauses of the Bill and thereafter allowed to give their views on the Bill. They submitted as follows:

92. Support the proposal noting that it introduces measures aimed at modernizing the financial sector and improving financial regulation.

MOMBASACOUNTY

93. The Committee engaged the residents of Mombasa County on 8th June 2026 at the Tononoka Hall in Mombasa town.The public was sensitised to the bill and thereafter allowedtogivetheirviews.

• 94.The majority of the residents supported the Bill, but there were a few concerns noted. The residents noted that strengthening the Central Bank's emergency liquidity framework could enhance financial sector stability,but emphasized that appointments of senior officials should remain transparent and subject to parliamentary approval. Theresidents further urged the Committee to ensure that any future proposals should dwell onreducing the cost of livingfor citizens.

CHAPTERFOUR

4COMMITTEEOBSERVATIONS

TheCommitteemadethefollowingobservations:

()ClarificationonthemandateoftheBank

• 95.The Bill seeks to amend the Central Bank of Kenya Act, Cap. 49l, to expressly articulate financial system stability and sound banking regulation as secondary objectives of the Central Bank, without derogating from the primary objective of price stability.

96. While the primary objective of the Bank, price stability, remains paramount, it is resilience, and proper functioning of thefinancial system.

(2)Amendment to provide clarity between CBk's liquidity operations and Emergency Liquidity Assistance (ELA)

• 97.The Bill seeks to amend the Central Bank of Kenya Act to provide clear statutory separation between liquidity operations undertaken by the CBK for routine monetary policy implementation and Emergency Liquidity Assistance (ELA) provided in exceptional circumstances to preserve financial stability.

98. The amendment therefore averts interpretive ambiguity that may arise particularly in periods of financial stress, provides a clearer statutory separation between these evolvingfinancial stability imperatives and international bestpractice.

(3)Training and capacity building mandate for the Bank

99. Training or capac:ity building by the Central Bank of Kenya is not anchored in the Central Bank of Kenya Act, even though the Bank has been offering capacity building IMS). 2. 100.The amendment therefore provides for internal, national and regional capacity building as well as collaboration, enhancing knowledge dissemination as well as legal clarity and accountability. 3. systems, digital infrastructure, cybersecurity, innovation in fintechs, AML/CFT frameworks, as well as cross-border regulatory co-operation. These, in addition to the regulatory mandate, require capacity building within the financial sector, public institutionsandotherrelevantexternalstakeholders.

• I02. The amendment also provides legal clarity for inter-governmental and crossbordercooperation as an official functionof theBank.

(4)Clean-upofsection46AoftheAct

• 103.The Bill seeks to amend section 46A of the Act by replacing the term"Deposit Protection Fund Board"with"Kenya Deposit Insurance Corporation"to align the Act with the current institutional framework.The Kenya Deposit Insurance Act established the Kenya Deposit Insurance Corporation, thereby replacing the defunct Deposit Protection Fund Board.
• (5)Legal clarity on the powers of the Bank on dealing in gold and other preciousmetals
• 104.The Bill seeksto amend section 27 of the Act to ensure effective implementation of the powers of the Bank to deal in gold, bullion, precious metals and foreign exchange aspartofitsreserve andmarketoperationsfunctions.Theamendmentwillboostthe local mining sector, align with regional counterparts' practices in Tanzania, Ghana, DRC, and South Africa, and align with international best practices.

(6)Approval process of the Deputy Governors of the Central Bank of Kenya

• 105.The Bill seeks to amend the Central Bank of Kenya Act to require the approval by the National Assembly of persons nominated for appointment as Deputy Ciovernors of the Central Bank of Kenya.
• 106.The amendment seeks to align the process to Paragraph 10 of Part I of the Fourth Schedule to the Constitution, which assigns the national government the function of "monetary policy, currency, banking (including central banking), the incorporation and regulation of banking, insurance and financial corporations".Further, it seeks to align the approvalprocessfortheDeputyGovernorwiththatoftheGovernoroftheCentral

Amendmentsto theBill

• proposals from stakeholders received during public participation.

CHAPTERFIVE 5COMMITTEERECOMMENDATION

• 108.The Committee, having considered the Central Bank of Kenya (Amendment) Bill (National Assembly Bill No.27 of 2026), recommends that the House approves the Bill with the amendments contained in the Schedule of Amendments forming Chapter Six of this Report.

Zie Iun

SIGNED...

..DATE...

20z0

HON.FCPA KURIA KIMANI, CBS, MP CHAIRPERSON DEPARTMENTALCOMMITTEEQNFINANCEANDNATIONAL PLANNING

DATE:

2 4 JUN 2026

CHAPTERSIX 6.SCHEDULEOFPROPOSEDAMENDMENTS

109. The Committee will propose the following amendments at the Committee Stage—

CLAUSE2

THAT, clause 2 of the Bill be amended in the proposed new subsection (2)—

• (a) by deleting the words "promote and" appearing immediately the words "The Bank'";
• (b) by deleting paragraph (a) and substituting therefor the following new paragraph— "(a) the stability, resilience, liquidity, solvency, integrity and proper functioning of a market-based financial system;and"

Justification

The words "promote" and "foster" creates ambiguity as to which of the two is theobject of theBank.Theproposedannendment therefore seeks to provide clarity on the object of the Bank. [urther, the amendment seeks to provision; clarify and add coherence to CBK's statutory mandate and maintain consistency with international practice, evolving complexity banking regulation and financial markets oversight.

NEWCLAUSE4A

THAT, the Bill be amended by inserting the following new clause immediately after clause 4—

Amendmentofsection26 of Cap. 491.

4A.Section 26 of the principal Act is amended in precious metals"immediately after the word “gold".

Justification

precious metals" for harmony, complete alignment, and to align it with proposed amendments to clause 5 where "precious metals' includes silver and platinum under the Mining Act.

CLAUSE5

THAT,clause 5 of the Bill be amended in the proposed new subsection (l)—

• (a) by deleting the word "refine" appearing immediately after the word "hold,";

Report of the Departmental Committee on Finance and NationalPlanning on its Consideration of The Central Bank of Kenya (Amendment) Bill (National Assembly Bill No. 27 of 2026)

• (b) by deleting the words "gold coins and bullion, silver, platinum," appearing immediately after the words "deal in gold,".

Justification

The proposed amendment seeks to align the provision with the policy intention that CBk itself will not do any refining but may get into arrangements with licensed refiners to refine the gold dore that may be purchased. This will boost the local mining sector and is aligned with practice in Tanzania, Ghana, DRC, South Africa.

CLAUSE 6

THAT, clause 5 of the Bill be amended in the proposed new section 36—

• (a) in the proposed new subsection (5) by inserting the words "not exceeding five
• (b) by inserting the following new subsections immediately after the proposed new subsection (6)——
• "(7) All loans or advances toBanks and microfinance institutions that were granted immediatelybeforethecommencementofthisActshallbedeemedtohavebeen granted under this Act."

Justification

The proposed amendment seeks to porovide CBk with flexibility that does not constrain its legal ability to determine how and when liquidity support can be extended to restore viability and protect stability of the banking system. Further, the amendment seeks to provide for a transitional provision for loans or advances granted immediately before the commencement of the Act to provide legal certainty.

CLAUSE7

TAT,clause7of theBillbeamendedintheproposednewsection46Abydeletingthe g yo (e s , s proposed newsection.

Justification

Section37(l) of theBanking Actwasrepealed hence the amendmentseeks to delete its reference in the Bill.

THENATIONALASSEMBLY

THIRTEENTHPARLIAMENT-FIFTHSESSION-2026

DEPARTMENTALCOMMITTEEONFINANCEANDNATIONALPLANNING

ADOPTIONLIST

REPORTONTHECENTRALBANKOFKENYA(AMENDMENT)BILL (NATIONAL ASSEMBLY NO.27 OF 2026)

We,theMembersof theDepartmental Committee onFinance and NationalPlanning havepursuant toStanding Order199,adopted thisReport and affixoursignaturestoaffirmour approvalandconfirm its accuracy,validity and authenticity today,Wednesday,24thJune2026.

| S/NO. | NAME | SIGNATURE | |---------|----------------------------------------------------------|-------------| | 1. | HON.FCPA.KURIAKIMANI,CBS,MP- CHAIRPERSON | | | 2. | HON.FCPA(AMB).BENIAMINKIPKIRUILANGAT,MP -VICECHAIRPERSON | | | 3. | HON.KALUMAPETEROPONDO,CBS,MP | | | 4. | HON.GEORGESUNKUYIARISA,MP | Mmmpls | | 5. | HON.FCPAJOSEPHMAEROOYULA,OGW,MP | | | 6. | HON.ANDREWADIPOOKUOME,MP | | | 7. | HON.DAVIDMWALIKAMBONI,MP | | | 8. | HON.CHIFOROMODOMANGALEMUNGA,MP | 长 | | 9. | HON.GATHONIWAMUCHOMBA,HSC,MP | | | 10. | HON.(CPA)JULIUSKIPLETTINGRUTTO,MP | | | 11. | HON.PAULKIBICHIYBIEGO,MP | | | 12. | HON.UMULKERSHEIKHKASSIM,MP | | | 13. | HON.DR.SHADRACKMWITIITHINJI,MP | | | 14. | HON.DR.JOHNARIKONAMOIT,MP | | | 15. | HON.MOHAMEDSOUDMACHELE,MP | |