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Treasury

Banks pay Sh129b in taxes as economy rebounds from pandemic

Corporate tax paid by Kenyan banks increased 13.15 per cent - from Sh43.73 billion in 2020 to Sh49.48 billion in 2021.

By Macharia Kamau 5 days ago

Banks pay Sh129b in taxes as economy rebounds from pandemic

SGR loan repayments leave Sh27b dent in forex reserves

SGR loan repayments leave Sh27b dent in forex reserves

By Dominic Omondi 13 days ago

Aden Duale blames Treasury, CBK for dollar shortage

Aden Duale blames Treasury, CBK for dollar shortage

By Dominic Omondi 16 days ago

Kenya to borrow Sh130b from banks after dropping Eurobond

Kenya to borrow Sh130b from banks after dropping Eurobond

By Dominic Omondi 19 days ago

Accounts of four Treasury staff frozen in Sh177m fraud probe

According to the agency, the four received large sums of money disguised as extraneous and facilitation allowances.

By Paul Ogemba 19 days ago

Accounts of four Treasury staff frozen in Sh177m fraud probe

Governors demand Sh46b from Yatani for last fiscal year

CoG Finance, Planning, and Economic Affairs Committee chairman Ndiritu Muriithi said the devolved units had expected to receive the money in the last fiscal year.

By Ndungu Gachane 1 month ago

Governors demand Sh46b from Yatani for last fiscal year

Let government remove veil of secrecy from deals involving national assets

The government needs to come clean not just at the start of every project, but when it is being envisioned, for, that is the only way through which it can eliminate the trust deficit by the citizens.

By Editorial 1 month ago

Let government remove veil of secrecy from deals involving national assets

House help steals Sh4m at Treasury CAS official house

According to a report filed by the CAS's wife Charity Waithera, the family also lost jewellery worth Sh500 000. The search for the suspect is ongoing.

By Collins Kweyu 1 month ago

House help steals Sh4m at Treasury CAS official house

Accountant on the spot for 'paying self Sh36m'

The EACC said it received information regarding embezzlement of public funds.

By Paul Ogemba 1 month ago

Accountant on the spot for 'paying self Sh36m'

Kenya softens non-GMO stance, allows yellow maize imports

National Treasury CS Ukur Yatani backtracked on an earlier notice indicating that Government would only allow 100 per cent non-GMO yellow maize into the country.

By Dominic Omondi 1 month ago

Kenya softens non-GMO stance, allows yellow maize imports

State cuts pending bills to suppliers and contractors

Pending bills stood at Sh307.8 billion in March last year and have been rising over time to hit Sh423.2 billion in September, before swelling to Sh467.7 billion in December.

By Patrick Alushula 1 month ago

State cuts pending bills to suppliers and contractors

CoG threatens to sue over delayed disbursement of additional funds

They said the National Treasury had withheld about Sh100 billion in monthly disbursements from January.

By Winfrey Owino 1 month ago

CoG threatens to sue over delayed disbursement of additional funds

Kenyans move cash into dollar accounts as firms feel shortage

National Treasury blames manufacturers for the artificial shortage of dollars in the foreign exchange market following their public comments.

By Dominic Omondi 2 months ago

Kenyans move cash into dollar accounts as firms feel shortage

Treasury blames manufacturers for artificial dollar shortage

The dollar has generally been strengthening against other currencies, with capital fleeing from the frontier and emerging markets to the US where there are better returns.

By Dominic Omondi 2 months ago

Treasury blames manufacturers for artificial dollar shortage

MPs approve Treasury's proposal to raise debt ceiling to Sh10 trillion

Ukur Yatani had proposed to shift the debt ceiling to an anchor of 55 per cent of the Gross Domestic Product (GDP) in net present value terms.

By Grace Ng'ang'a 2 months ago

MPs approve Treasury's proposal to raise debt ceiling to Sh10 trillion

We need to hold candid discussion on public debt

MPs have an opportunity to fix this debate once and for all, at least for the sake of the next administration.

By Editorial 2 months ago

We need to hold candid discussion on public debt

MPs rejection of Finance Bill good, but let's explore ways of reducing debt

A fruitful debate on reducing the public debt will lead to an honest conversation on the development of a national tax policy.

By Ken Gichinga 2 months ago

MPs rejection of Finance Bill good, but let's explore ways of reducing debt

Treasury raises debt ceiling to Sh10 trillion

Treasury Cabinet Secretary Ukur Yatani raised the debt ceiling from the current Sh9 trillion, even as the government inched to breaching this limit.

By Dominic Omondi 2 months ago

Treasury raises debt ceiling to Sh10 trillion

President Uhuru's office gets Sh4.4b more as Ukur Yatani breaks law

The new allocations breach the legal budget limit by Sh204 billion. The government spent Sh260 million for former President Mwai Kibaki's burial.

By Dominic Omondi 2 months ago

President Uhuru's office gets Sh4.4b more as Ukur Yatani breaks law

Why Kenya might not issue another Eurobond

Significant reduction in the flow of money from outside is mainly attributed to central banks in advanced economies raising interest rates to slow down inflation.

By Dominic Omondi 2 months ago

Why Kenya might not issue another Eurobond

New tax move to drive illegal trade, lobbies warn Treasury

Manufacturers say proposals in Finance Bill could end up benefiting the black market.

By Macharia Kamau 2 months ago

New tax move to drive illegal trade, lobbies warn Treasury

Kenya taps Sh28 billion loan facility from IMF

The International Monetary Fund (IMF) will soon disburse another Sh28.2 billion to the National Treasury to help the country recover from the ravages of the Covid-19 pandemic.

By Dominic Omondi 3 months ago

Kenya taps Sh28 billion loan facility from IMF

Kenya taps Sh28 billion loan facility from IMF

The International Monetary Fund (IMF) will soon disburse another Sh28.2 billion to the National Treasury to help the country recover from the ravages of the Covid-19 pandemic.

By Dominic Omondi 3 months ago

Kenya taps Sh28 billion loan facility from IMF

State stops Sh32 billion grants to eight counties

The Government has stopped disbursement of Sh3.2 billion in conditional grants for financing operations of former provincial hospitals in eight counties.

By Bernard Lusigi 3 months ago

State stops Sh32 billion grants to eight counties

Treasury in trouble for Sh165b backdated expenditure

The National Treasury is on the spot for flouting public finance regulations.

By Frankline Sunday 3 months ago

Treasury in trouble for Sh165b backdated expenditure

Key State policy priorities and strategies to boost economic recovery

National Treasury Cabinet Secretary Ukur Yatani said the State aims to improve economic recovery and impact livelihoods by focusing on several key areas.

By Boaz Lawin Musina 3 months ago

Key State policy priorities and strategies to boost economic recovery

An Invisible hole: Reflections from the 2022/2023 Fiscal Budget

The actual budget is slightly over Sh4 trillion translating into over Sh1.6 trillion budget hole, assuming we collect all the projected revenues.

By Patrick Muinde 3 months ago

An Invisible hole: Reflections from the 2022/2023 Fiscal Budget

Kenya Airways gets a Sh36.6b bailout as restructuring looms

Treasury has allocated cash-strapped Kenya Airways Sh36.6 billion to help with its reorganisation.

By Dominic Omondi 3 months ago

Kenya Airways gets a Sh36.6b bailout as restructuring looms

Savage beating of lone protester makes police reforms laughable

Last week, a protester against the high cost of living was arrested outside the Treasury building. Some hours later, pictures of his bloodied face circulated on social media.

By Leonard Khafafa 3 months ago

Savage beating of lone protester makes police reforms laughable

Why Kenya’s total budget adds up to a record Sh4.05 trillion

Allocations for repayments of public loans have perennially been left out of the Budget in past financial years.

By Dominic Omondi 3 months ago

Why Kenya’s total budget adds up to a record Sh4.05 trillion

Treasury cuts red tape in fresh bid to tap PPPs

National Treasury reckons it may have figured out what has kept private firms away from pumping billions of shillings into infrastructure projects.

By Macharia Kamau 3 months ago

Treasury cuts red tape in fresh bid to tap PPPs

Yatani faulted for leaving out Sh4.5bn teacher training funds

Ukur Yatani did not indicate whether the increment would factor in Teachers Professional Development (TPD) training costs.

By Augustine Oduor and James Wanzala 3 months ago

Yatani faulted for leaving out Sh4.5bn teacher training funds

Everything you need to know about buying Treasury Bonds

For those who fear risk, a government bond is the safest kind of investment. They are a secure, medium- to long-term investment.

By Graham Kajilwa 4 months ago

Everything you need to know about buying Treasury Bonds

How President Uhuru Kenyatta's moneymen balanced books

This is Yatani’s third, and perhaps, last Budget statement since he replaced Rotich. In his statements from June 2020, Yatani’s budgets included borrowing of Sh3.6 trillion.

By Dominic Omondi 4 months ago

How President Uhuru Kenyatta's moneymen balanced books

Yatani delivers safe exit Budget for Uhuru, avoids major tax measures

National Treasury CS Ukur Yatani yesterday presented a Budget that tried to avoid antagonising an already enraged public grappling with high cost of living

By Dominic Omondi 4 months ago

Yatani delivers safe exit Budget for Uhuru, avoids major tax measures

Projects under Big Four Agenda get Sh147 billion

Projects being implemented under the Big Four Agenda will get a shot in the arm after the National Treasury set aside Sh147b.

By Macharia Kamau 4 months ago

Projects under Big Four Agenda get Sh147 billion

Photos: CS Yatani delivers Uhuru’s last budget

This year’s budget is being read two months earlier than its traditional June date and will be the last budget under President Uhuru Kenyatta’s administration.

By Dennis Tarus 4 months ago

Photos: CS Yatani delivers Uhuru’s last budget

VIDEO: Protester arrested outside Treasury an hour to Budget speech

He was protesting the high cost of living, but resisted arrest when the law caught up with him.

By Mate Tongola 4 months ago

VIDEO: Protester arrested outside Treasury an hour to Budget speech

Uhuru’s only two Treasury Cabinet Secretaries

Since President Uhuru Kenyatta took over in 2013, only two men have had that privilege; Henry Rotich and Ukur Yatani.

By George Maringa 4 months ago

Uhuru’s only two Treasury Cabinet Secretaries

Budget Day: What Kenyans should expect

The Sh3.3 trillion 2022/23 budget will be read from the National Assembly today at 3 pm.

By Mate Tongola 4 months ago

Budget Day: What Kenyans should expect

Lest we forget: Last year’s (2021/22) budget highlights

On the afternoon of June 10, 2021, Treasury CS Ukur Yatani unveiled a Sh3.6 trillion budget to a nation crippled by the coronavirus pandemic.

By Patrick Vidija 4 months ago

Lest we forget: Last year’s (2021/22) budget highlights

We're depending on overdrafts to run, says Meru Deputy Governor Ntuciu

The county government is struggling due to delays in disbursement of funds by the National Treasury, Deputy Governor Titus Ntuciu has said.

By Phares Mutembei 4 months ago

We're depending on overdrafts to run, says Meru Deputy Governor Ntuciu

Council of Governors seeks release of Sh148b funds held by Treasury

County governments have raised the alarm over continuous delay in disbursement of funds by the National Treasury.

By Renee Were 4 months ago

Council of Governors seeks release of Sh148b funds held by Treasury

Ruto performs rare function

Deputy President William Ruto has lauded Counties for the progress made in settling eligible pending bills.

By Stephanie Wangari 4 months ago

Ruto performs rare function

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