Topic: National Treasury
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...
Hustler Fund loan defaulters face Govt crackdown in drive to recover billions
Jan 07, 2025 at 08:07 PM
The government is set to track down defaulters of the Hustler Fund in an effort to recover disbursed loans and reopen access for borrowers with strong credit records....
Kenya’s debt soars to Sh10.8 trillion as pressure on finances mounts
Dec 19, 2024 at 12:15 PM
Kenya’s public debt has surged to Sh10.8 trillion, as reported by the Central Bank of Kenya (CBK) in its latest September 2023 data....
KRA invites public to give its voice on sweeping income tax reforms for 2024
Dec 09, 2024 at 01:24 PM
The Kenya Revenue Authority (KRA) has called on Kenyans to weigh in on a series of draft income tax rules that promise to shape the future of taxation in the country....
CBK announces release of new currency banknotes with enhanced features
Nov 20, 2024 at 12:12 PM
The Central Bank of Kenya (CBK) has officially begun releasing redesigned currency banknotes for denominations of Sh50, Sh100, Sh200, and Sh500....
National Treasury denies owing counties as governors warn of service disruptions
Nov 19, 2024 at 01:11 PM
The National Treasury has firmly denied owing any arrears to county governments, following a warning by the Council of Governors (CoG) about potential service delivery disruptions ...
Kenyans brace for pricier diapers, sanitary products, fertilisers as new tax bill eyes essential goods
Nov 06, 2024 at 12:00 AM
Kenyans may soon feel a heavier hit on their wallets as the Treasury unveils a bill that could drive up costs on essential items like diapers, sanitary towels, tampons, and fertili...
Kenya eyes more revenue with new six per cent tax on foreign digital companies
Nov 04, 2024 at 10:39 AM
In a bold move aimed at reshaping its digital economy, the Treasury has put forth a proposal for a Significant Economic Presence Tax (SEPT) that will see foreign digital companies ...
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