× Business BUSINESS MOTORING SHIPPING & LOGISTICS DR PESA FINANCIAL STANDARD Digital News Videos Health & Science Lifestyle Opinion Education Columnists Moi Cabinets Arts & Culture Fact Check Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS

Treasury CS Henry Rotich lays out ambitious budget

By Mark Kapchanga | June 12th 2014

Nairobi, Kenya: Treasury has laid out an ambitious plan that could bring a turnaround in the country’s economy.

In the 2014/2015 budget speech, Cabinet Secretary Henry Rotich seemed focussed on addressing the country’s key perennial challenges: rising poverty and unemployment levels that now seem to get out of hand.

In a move aimed at boosting the business environment, Rotich allocated Sh116.7 billion to the ongoing and new roads which are to be constructed through annuity payment programme.

He further allocated Sh19.4 billion for the Standard Gauge Railway, Sh3.5 billion for the urban commuter rail system “to ensure completion of the line linking the Jomo Kenyatta International Airport to the Central Railway Station” and Sh43.6 billion to energy.

Analysts say the move to apportion Sh9.5 billion set aside for the on-going irrigation project countrywide and transformation of agriculture from subsistence to productive commercial farming would help in addressing the relatively high inequality levels in Kenya.


More to follow.

Share this story
Small firms seen driving oil sector growth in East Africa
Smaller oil explorers willing to take financial and operational risks will lead the development of Eastern Africa’s oil and gas industry as majors ditch riskier projects as margins fall, executives from several oil and gas firms have said.
Dog walking becomes the newest hustle in town
Dog walking is now a status symbol. Owning a pet is cool. I nowadays meet lots of Kenyans and foreigners walking their dogs and some running.