Topic: National Treasury
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 ...
Taxpayers’ Day: Ruto celebrates Kenya's economic gains, compliance milestones
Nov 01, 2024 at 09:45 PM
Kenya’s economy is turning a corner with a steady drop in inflation and a strengthened currency, President William Ruto revealed in a significant address on Taxpayers’ Day at S...
Government is eyeing five Adani-type PPP deals in the current financial year
Oct 17, 2024 at 10:52 PM
The Kenyan government is gearing up for a transformative fiscal year, aiming to seal five major Public-Private Partnership (PPP) deals, inspired by the Adani model....
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Kenyan banks commit Sh450 billion to empower local MSMEs over next 3 years
Oct 17, 2024 at 04:59 PM
Kenya’s banking sector, under the Kenya Bankers Association (KBA), has announced a Sh450 billion financial boost to Micro, Small, and Medium-sized Enterprises (MSMEs) over the ne...
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Landlords, professionals brace for new tax measures as Treasury unveils reforms
Oct 17, 2024 at 12:07 PM
Professionals in private practice and landlords are poised to enter a new era of taxation as the National Treasury unveils plans aimed at ensuring a fairer contribution from these ...
Treasury confirms gradual employment of JSS teachers to begin in January 2024
Oct 17, 2024 at 09:33 AM
The employment of Junior Secondary School (JSS) teachers is set to begin in January 2025, with the National Treasury announcing a phased recruitment plan aimed at strengthening Ken...
Treasury eyes tax-free pension for Kenyans over 50 in major relief push
Oct 17, 2024 at 08:35 AM
The National Treasury is working on a proposal that could allow Kenyans aged 50 and above to access their pension funds without paying income tax, offering significant relief to re...
Govt can only afford Sh380 billion for counties, CS Mbadi insists to Governors
Oct 03, 2024 at 05:35 PM
The national government can only afford to disburse Sh380 billion in shareable revenue to counties this financial year, which is Sh20 billion less than what had been agreed upon du...
Court nullifies Privatisation Act 2023, blocks sale of KICC, other key parastatals
Sep 24, 2024 at 11:18 PM
In a ruling with significant ramifications, the High Court in Nairobi on Tuesday invalidated the entire Privatisation Act 2023, declaring it unconstitutional....
Mbadi hints at resurrecting rejected Finance Bill 2024 proposals to fill Sh150 billion deficit
Aug 19, 2024 at 10:38 PM
Treasury Cabinet Secretary John Mbadi has signalled a potential return of controversial tax proposals as the government grapples with a yawning fiscal deficit....
CBK unveils new Kenya currency notes replete with updated security features
Aug 07, 2024 at 09:22 AM
Kenyans can expect to see some familiar faces – and signatures – on their money soon....
Ruto walks fiscal tightrope as he signs Supplementary Appropriations Bill into law
Aug 05, 2024 at 08:43 PM
On Monday, President William Ruto officially signed into law the Supplementary Appropriations Bill, a legislative instrument designed to navigate Kenya’s challenging fiscal terra...
SRC suspends salary review for all public servants amid fiscal crunch
Jul 18, 2024 at 03:03 PM
The Salaries and Remuneration Commission (SRC) has announced a freeze on salary reviews for all public officers, excluding State officers, for the 2024/2025 financial year....
Auditor-General questions Sh1.6 billion discrepancy in fuel testing tender
Jul 09, 2024 at 10:00 AM
Auditor-General, Nancy Gathungu, has raised concerns about a potential Sh1.6 billion loss in public funds related to a fuel-testing tender....
Government to bear expenditure cuts after Ruto signs Appropriations Bill
Jun 29, 2024 at 12:16 AM
Both levels of government—the National and County Governments—will now bear the financial strain following President William Ruto's signing of the Appropriations Bill 2024....
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