Topic: National Treasury
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Kenya's tea industry poised for change as State unveils value addition incentives
Dec 08, 2023 at 11:04 AM
Kenya's tea sub-sector is set for a transformative boost as the government initiates a series of incentives to elevate value-addition efforts, aiming to unlock the full potential o...
Govt lists KPC, KICC, KCC, Rivatex among 11 parastatals scheduled to be privatized
Nov 27, 2023 at 06:05 PM
The government has listed the Kenya Pipeline Company (KPC), Kenya International Convention Centre (KICC) and New Kenya Cooperative Creameries (KCC) for privatization....
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AfCFTA spurs economic prospects for African youth through tech and education
Nov 27, 2023 at 02:20 PM
Leaders in academia and economic planning converged at the African Economic Research Consortium's (AERC) 59th Biannual plenary session to explore the transformative potential of th...
Kenya Power faces scrutiny over irregular Sh26.82 million exit pay to ex-MD Bernard Ngugi
Nov 20, 2023 at 01:01 PM
Kenya Power is under scrutiny as Auditor-General Nancy Gathungu questions the legality of the Sh26.82 million exit pay provided to former Managing Director Bernard Ngugi....
Govt to publicly name defaulting entities as pending bills reach record high
Nov 17, 2023 at 11:14 AM
Kenya's government has taken a decisive step towards transparency by pledging to publicly name ministries, departments, agencies (MDAs), and state-owned enterprises (SOEs) that are...
IMF approves Sh142.8 million loan for Kenya amid economic challenges
Nov 16, 2023 at 10:01 PM
The International Monetary Fund (IMF) has announced a breakthrough agreement on a 142.8 billion ($938 million) loan for Kenya, addressing the nation's pressing liquidity concerns a...
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Kenya activates Criminal Assets Recovery Fund to combat money laundering cases
Nov 06, 2023 at 06:17 PM
The Treasury has taken a significant step in its ongoing efforts to combat money laundering and criminal networks, as Treasury Cabinet Secretary Njuguna Ndung’u officially publis...
Kenya Ports Authority among 10 state corporations scheduled to be privatized
Oct 11, 2023 at 10:59 AM
The National Treasury has increased its pace towards the privatization of 10 state corporations as had been announced by President William Ruto in late 2022....
World Bank commits $100 million to revive Kenyan MSMEs hit by pandemic
Sep 26, 2023 at 12:45 PM
In an effort to resuscitate Kenyan micro, small, and medium enterprises (MSMEs) that were severely impacted by the Covid-19 pandemic, the World Bank is set to inject Sh14.47 billio...
Controller of Budget warns of default as Kenya debt baloons to Sh10.25 trillion
Sep 21, 2023 at 11:03 AM
The Controller of Budget, Margaret Nyakang’o, has sounded the alarm as Kenya's public debt has surged by a staggering 18.8 per cent, reaching Sh10.25 trillion as of June 30, 2023...
Senators' bid to expand debt oversight meets firm resistance from MPs
Sep 15, 2023 at 12:23 PM
Senators have faced a resounding rejection from Members of Parliament in their efforts to extend their role in examining the country's escalating debt, as outlined in proposed amen...
Govt plans private leasing to clear passport backlog amidst machine failures
Aug 28, 2023 at 09:10 PM
The Kenyan government is set to embark on a pioneering initiative to lease high-capacity passport printing machines from private investors, aiming to address a significant backlog ...
Treasury allocates Sh1 billion for teacher promotion to boost quality education
Jun 30, 2023 at 11:29 AM
The National Treasury has taken a significant step towards uplifting the teaching profession by allocating a substantial sum of Sh1 billion to the Teachers Service Commission (TSC)...
Treasury CS proposes Sh5 per kilogram Excise Duty on imported sugar to discourage consumption
Jun 16, 2023 at 04:59 PM
In a groundbreaking announcement during the Budget Statement for the fiscal year 2023/24, Treasury Cabinet Secretary Njuguna Ndung'u proposed the introduction of excise duty on imp...
Judiciary receives Sh4.3 billion boost in this year's budgetary allocation
Jun 16, 2023 at 03:10 PM
The Judiciary has received a substantial boost in its annual budget allocation, with an increase of approximately Sh4.3 billion compared to the previous year....
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Azimio MPs walkout on Treasury CS Njuguna Ndung’u during budget speech
Jun 15, 2023 at 04:38 PM
Members of Parliament belonging to the Azimio la Umoja faction caused a stir on Thursday as they staged a dramatic walkout from the chambers just moments after Treasury Cabinet Sec...
NHIF beneficiaries countrywide in panic as government admits financial crisis
Jun 09, 2023 at 04:08 PM
Patients reliant on the National Health Insurance Fund (NHIF) in Kenya are facing a grim reality as the government admits to being financially crippled, leaving the NHIF struggling...
Nyeri governor threatens to send county workers home over delayed funds
May 23, 2023 at 03:47 PM
Nyeri Governor, Mutahi Kahiga, has issued a strong warning, stating that he will be forced to send county government employees home if the National Treasury fails to remit funds by...
Treasury announces when CS Ndung'u will deliver FY 2023/24 Budget Statement
May 19, 2023 at 01:09 PM
The Cabinet Secretary for the National Treasury and Economic Planning, Prof. Njuguna Ndung'u, CBS, is set to deliver the Budget Statement for the FY 2023/24 to Parliament on June 8...
‘Devolution is under threat,’ governors say as they threaten counties shutdown
Apr 24, 2023 at 05:09 PM
Governors from the 47 county governments have given the President William Ruto administration 14 days to release delayed devolved funds or they will shut down counties....
