Topic: 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....
Costly Eurobond repurchase leaves Kenya grappling with high debt risk
Apr 11, 2024 at 06:25 PM
The World Bank Group has raised concerns about Kenya's continued vulnerability to debt distress, following its recent Eurobond settlement....
Counties grapple with delayed revenue disbursements amid treasury's cash crunch
Mar 19, 2024 at 10:39 AM
Nearly half of the equitable revenue share because of county governments remains undelivered by the Treasury, intensifying the financial strain on devolved units as the end of the ...
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...
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....
Treasury anticipates Sh7.7 billion dividend boost from Safaricom's interim payout
Feb 23, 2024 at 11:52 AM
In a significant financial development, the Treasury is set to receive a notable dividend boost of Sh7.7 billion, courtesy of Safaricom's announcement of an interim dividend payout...
State House exceeds budget by Sh447 million negating Ruto austerity efforts
Feb 22, 2024 at 01:05 PM
State House, the official residence of President William Ruto, has overshot its budget for the half-year ending December by Sh447 million, contradicting the austerity measures anno...
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...
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...
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....
Treasury aims to plug budget gap with ambitious Sh323.5 billion tax hike
Feb 16, 2024 at 05:51 PM
The government has unveiled a budget proposal seeking to raise an additional Sh323.5 billion in taxes next year, a bold move aimed at plugging a gaping hole in the national finance...
Rife speculation, panic selling as Kenya Shilling makes historic gains against US dollar
Feb 15, 2024 at 04:53 PM
The Kenyan shilling staged a remarkable comeback against the US dollar Wednesday, recording its strongest intra-day gain in 12 years....
Kenya seizes opportunity to repurchase $2 billion Eurobonds as yields plummet
Feb 09, 2024 at 03:10 PM
In a surprise move, Kenya initiated the process to buy back its $2 billion Eurobonds maturing in June, capitalizing on a significant drop in yields....
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....
The Star secures exclusive rights as the sole printer and distributor of MyGov
Jan 25, 2024 at 07:12 PM
The Government Advertising Agency (GAA) has officially awarded Convergence Media, publishers of The Star newspaper, the exclusive contract to print and distribute MyGov, the offici...
Retail investors seek Sh229 billion safe harbour in Kenyan Government bonds
Jan 24, 2024 at 11:40 AM
A tide of uncertainty washes over the Kenyan economy, prompting a dramatic shift in investor behaviour as retail investors, seeking refuge from choppy waters, have poured Sh229.2 b...
France grants Kenya Sh384 million to spur food security, public finance growth
Jan 23, 2024 at 11:36 AM
A burgeoning partnership between Kenya and France blossoms as the French Development Agency (AFD) commits €2.2 million (Sh383.7 million) to cultivate robust growth in both agricu...
Why Kenya plans to exit Ruto's infamous G-to-G fuel importation deal with Gulf
Jan 19, 2024 at 08:17 PM
President William Ruto-backed Government to Government (G2G) deal with Saudi Arabia, initiated in April 2023, is facing uncertainty as Kenya expresses its intention to withdraw....
