KeNHA put to task over Sh26b pending bills

Senate last week adopted the County Allocation of Revenue Bill prepared by the National Treasury to give the county assemblies the additional monies.

The funds will be utilised by both City Hall executive and the Nairobi Metropolitan Services (NMS) to settle debt obligations.

Government must walk the talk of Buy Kenya Build Kenya agenda

The State entity seems to be turning the heat on public offices holding on to billions of payments owed to suppliers.

National Treasury Cabinet Secretary Ukur Yatani on Thursday said the Government has availed Sh33 billion to settle verified pending bills

The interbank money market had begun to experience tight liquidity, with the rate rising to six per cent by April 20

PAC has summoned the finance chief after he failed to honour previous invitations

The reluctant removal of interest rate caps last year leaves banks with few excuses for refusing to lend to SMEs.

The National Assembly sat on Thursday morning to expedite the processing of Bills pending in the House ahead of their Christmas break on December 5.

Public Service Minister Dalmas Otieno said 139 officers of the defunct Electoral Commission of Kenya (ECK) rejected the offer to join the Civil Service.

Since the onset of devolution, county governments have been reeling under the weight of pending bills.

Kenya’s Sh1.2 trillion debt bill to be settled in the next 12 months is so deep that taxes alone can’t solve this financial mess.