August 20, 2018
The chairman of Lake Region Economic Bloc (LREB) H.E. Wycliffe Ambetsa Oparanya and the CEO Abala M Wanga held a closed-door meeting with the Controller of Budget FCPA Agnes Odhiambo (Mrs), CBS, that LREB member counties have allocated the bank investment money in their 2018/19 Budgets. Each member county is supposed to contribute Sh. 200 Million and factor it as development money in their various budgets.
An advisory was sort from CoB on how and where these monies may be saved until the bank project will be ready to take off. CoB advised that LREB should open a special purpose account at the Central Bank for the project. She further advised that requisitions from counties for this money should be directly transferred to the account at Central Bank and ensure the money is rein fenced and protected until the project commences.
Present in the meeting was Mr. Robert Sumbi Chief of Staff Kakamega County, Mr. Masha Deputy CoB and Mr. Musymi from CoB.