Topic: Ministry of National Treasury
Job loss fears in public service rise as Govt mulls scrapping 130 parastatals
May 03, 2024 at 11:28 AM
Uncertainty hangs heavy over the livelihoods of thousands of Kenyans employed by State-owned enterprises (SOEs) as the government embarks on a major restructuring program....
Government struggles to meet pension obligations amid cash crisis
Apr 08, 2024 at 11:14 AM
The National Treasury has acknowledged difficulties in meeting its pension obligations for civil servants....
Kenya Pipeline Company's Sh5 billion dividend boosts Government revenue
Mar 28, 2024 at 01:21 PM
Kenya Pipeline Company (KPC) has declared a notable achievement with a special dividend payout of Sh5 billion to the National Treasury for the fiscal year, concluding in June 2023....
Ruto mulls shutting down 'loss-making' parastatals to curb wasteful expenditure
Mar 26, 2024 at 08:35 PM
President William Ruto has issued directives to rein in loss-making state entities and curb wasteful expenditure across government sectors....
Development Bank of Kenya up for sale as State pushes privatisation agenda
Mar 25, 2024 at 11:49 AM
The Kenyan government is moving forward with its privatization agenda, announcing the sale of the Development Bank Kenya (DBK)....
Kenyans to receive personalized tax refunds directly through e-receipts
Mar 18, 2024 at 12:49 PM
In an era marked by technological advancements, Treasury Cabinet Secretary, Njuguna Ndung’u, has unveiled a groundbreaking initiative set to transform the landscape of tax refund...
Kenya considers overhauling property tax, possible fivefold increase
Mar 15, 2024 at 02:40 PM
Kenya's property tax system is set for a major overhaul, with the National Treasury Cabinet Secretary (CS) Njuguna Ndung’u proposing a reevaluation that could lead to a fivefold ...
Middle-Class may face higher costs as Govt. considers VAT on Milk and Bread
Mar 15, 2024 at 07:56 AM
The Treasury is contemplating imposing a 16 per cent value-added tax (VAT) on milk and bread, marking a potential shift in Kenya's taxation landscape....
Surgeon challenges State in court over fees hike at immigration department
Mar 07, 2024 at 07:26 PM
The government's recent decision to hike fees for specific services within the immigration department has sparked a legal challenge from Nakuru-based surgeon Dr. Benjamin Magare Gi...
Discrepancies in Kenya's Budget Policy Statement raise transparency concerns
Mar 01, 2024 at 03:12 PM
Kenya's Budget Policy Statement for the 2024/2025 financial year has been met with confusion and concern because of conflicting figures regarding the total budget....
e-Citizen: Auditor General raises alarm over compromise, accountability issues
Feb 22, 2024 at 11:46 AM
The State's e-Citizen self-service and payment portal, handling billions of shillings in transactions, faces significant control issues, according to Auditor-General Nancy Gathungu...
Kenyans not overtaxed, Treasury PS Chris Kiptoo insists despite public outcry
Feb 21, 2024 at 01:26 PM
National Treasury Permanent Secretary (PS) Chris Kiptoo has sparked debate by refuting the widespread claim of overtaxation in Kenya, citing regional comparisons and underutilized ...
Treasury set to finance budget with local foreign currency-denominated bond
Feb 20, 2024 at 05:59 PM
In a bid to strengthen its financial footing, the National Treasury of Kenya is set to introduce a local foreign currency-denominated bond as part of its budgetary financing strate...
Business community urged to boost Kenya's development via tax compliance
Feb 19, 2024 at 07:37 PM
The Kenyan government has issued a clarion call to the business community, urging them to actively contribute to national development through prompt and complete tax payments....
Kenya considers crypto regulations to avoid risk of FATF greylist inclusion
Feb 19, 2024 at 01:31 PM
Kenya is poised to join the wave of nations regulating cryptocurrencies like Bitcoin, driven by concerns about money laundering and the potential for inclusion on the Financial Act...
KRA reports significant shortfall in revenue collection for Fiscal Year 2023/24
Feb 19, 2024 at 11:16 AM
Kenya Revenue Authority (KRA) faced a significant shortfall in revenue collection, reporting a total of Sh1.27 trillion in the first half of the financial year 2023/24, ending in D...
Treasury projects sustainable debt amid global economic uncertainties
Feb 17, 2024 at 07:00 PM
Kenya has declared its public debt levels manageable through 2026, but a precarious tightrope walk lies ahead....
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Kenya issues fresh costlier Sh239 billion Eurobond due in 2031 to finance debt
Feb 13, 2024 at 09:54 PM
Kenya has successfully issued a fresh and costlier Eurobond of USD1.5 billion (an equivalent of Sh239 billion) to buy back the initial one which is due on June 24, 2024....
Treasury on the spot for irregularly withdrawing Sh6.3 billion from coffers
Feb 08, 2024 at 10:44 AM
In a startling revelation that has sent shockwaves through the corridors of power, top officials from the National Treasury find themselves under intense scrutiny....
University of Nairobi implements e-citizen payment system for meals
Feb 07, 2024 at 09:50 AM
Students and staff at the University of Nairobi will now need to adapt to a new payment method when acquiring meals from the university's kitchens....
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