Topic: National Treasury
Treasury under fire as secret Sh5 fuel levy plan triggers uproar in parliament
Jun 05, 2025 at 06:27 PM
The National Treasury is facing strong criticism in Parliament over a secret plan to increase the fuel levy by Sh5 per litre to fund a Sh270 billion loan through a controversial se...
Government mulls overhaul of housing levy as workers decry payslip pressure
Jun 05, 2025 at 03:23 PM
The government is considering a shake-up of the Affordable Housing Levy, following persistent uproar from workers who say the mandatory salary deductions have become a strain on th...
Why Treasury shelved PAYE tax cut plan
Jun 04, 2025 at 04:50 PM
A plan to relieve the tax burden on salaried workers has been shelved after the Kenya Revenue Authority failed to meet its revised revenue target by a margin of Sh130 billion, Trea...
Why Kenya Government is planning to sell part of 35 per cent stake in Safaricom
May 26, 2025 at 11:33 AM
The National Treasury has confirmed plans to partially offload the government’s 35 per cent stake in Safaricom in an effort to generate Sh149 billion by the end of the 2025/26 fi...
Sh245.26 billion pending bills a threat to delivery of Govt services - Auditor General
May 12, 2025 at 10:18 AM
A backlog of unpaid government bills amounting to Sh245.26 billion is now threatening the delivery of essential services and placing enormous pressure on small businesses and suppl...
KRA collects record Sh3.1 trillion, 6.1 per cent revenue growth despite slowdown
May 09, 2025 at 01:01 AM
The Kenya Revenue Authority (KRA) has crossed a historic threshold, announcing it has collected Sh3.113 trillion by April 30, 2025 — marking the first time the taxman has surpass...
Lobby sues to block new budget until Govt clears Sh600 billion pending bills
Apr 17, 2025 at 08:24 AM
A human rights group has asked the High Court to halt Kenya’s 2025/26 budget-making process, arguing that the government must first settle over Sh600 billion in long-standing unp...
KRA unveils Electronic Rental Income Tax System to make compliance easier
Apr 10, 2025 at 04:39 PM
The Kenya Revenue Authority (KRA) has officially unveiled its Electronic Rental Income Tax System (eRITS) in a move aimed at bolstering voluntary tax compliance within the burgeoni...
Government may introduce new taxes in Finance Bill, 2025, Kimani Kuria suggests
Apr 08, 2025 at 02:18 PM
A potential wave of new taxes looms as the government looks towards the Finance Bill, 2025, with National Assembly Finance Committee Chair Kimani Kuria suggesting that they may be ...
Kenya braces for possible EU aid cut as treasury warns of tough financial times
Mar 26, 2025 at 10:43 AM
Kenya’s Treasury has warned of an impending financial crunch, anticipating that the European Union (EU) may soon cut its aid following a similar decision by the United States thr...
Kenya seeks new IMF deal as missed disbursement raises funding concerns
Mar 25, 2025 at 12:53 PM
Kenya's government has applied for a new lending programme with the International Monetary Fund (IMF) after forgoing the final review of the existing arrangement....
Counties face shutdown as governors demand Sh116.4 billion from Treasury
Mar 21, 2025 at 10:38 PM
The standoff between county governments and the National Treasury has escalated, with governors threatening to halt county operations unless Sh116.4 billion in withheld funds is re...
Treasury CS Mbadi warns of Sh52 billion budget gap due to USAID funding freeze
Mar 06, 2025 at 08:33 PM
Kenya’s financial plans have hit a stumbling block after Treasury Cabinet Secretary John Mbadi disclosed that the country would lose Sh52 billion in the 2024/25 financial year du...
Kenya secures Sh 193.5 billion Eurobond to strengthen debt management
Feb 27, 2025 at 04:26 PM
The government has announced the successful pricing of a Sh 93.5 billion ($1.5 billion) Eurobond as part of its Liability Management Strategy....
Treasury CS Mbadi warns of Sh161 billion debt crisis as October deadline looms
Feb 27, 2025 at 03:19 PM
Kenya is on a tight deadline to settle a Sh161 billion debt, with Treasury Cabinet Secretary John Mbadi warning that the bulk of the repayment is due by October 2025....
Kenya eyes Sh116.7 billion Eurobond buyback to ease looming debt crisis
Feb 26, 2025 at 09:48 AM
Kenya has initiated a fresh Eurobond buyback, seeking to repurchase a Sh116.7 billion (approximately $901.8 million) note from its 2019 bond issuance....
Kenya Pipeline eyes NSE listing after record Sh3 billion dividend payout
Feb 06, 2025 at 07:06 PM
The Kenya Pipeline Company (KPC) is considering an Initial Public Offering (IPO) at the Nairobi Securities Exchange (NSE), according to National Treasury Cabinet Secretary John Mba...
Kenya’s Sh83.5 billion lifeline in jeopardy as Trump pulls the plug on foreign aid
Feb 06, 2025 at 11:35 AM
Kenya could be staring at a financial crisis in key sectors following United States President Donald Trump’s decision to suspend foreign aid for 90 days....
Treasury CS Mbadi faces public backlash over Govt lavish expediture, new taxes
Feb 04, 2025 at 05:46 PM
Cabinet Secretary for National Treasury, John Mbadi, found himself at the centre of public scrutiny during his first visit to Bunge La Mwananchi, with questions surrounding governm...
Kenya's borrowing plans facing strain after credit rating downgrade - Treasury
Jan 21, 2025 at 10:37 AM
The National Treasury has disclosed that the recent downgrade of Kenya's credit rating has severely constrained the country's access to commercial loans, posing significant challen...
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