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Treasury

Kenya borrows loan from Korea that it will service up to 2061

Reading Time: < 1 minute Kenya has moved to Korea to borrow ksh6.4 billion it plans to repay for the next 40 years. The country […]

Treasury seeks Sh125b loan to plug budget hole

Reading Time: 4 minutes Anthony Mwangi and Noel Wandera The country is likely to sink deeper into debt after the National Treasury said it will […]

Coronavirus: Uhuru announces new tax measures to cushion Kenyans from crisis

Reading Time: < 1 minute President Uhuru Kenyatta on March 25 ordered the Treasury to effect several tax measures to help Kenyans manoeuvre the Covid-19 […]

Treasury tables Sh2.7tr budget, cuts spending

Reading Time: 2 minutes Lewis Njoka and Noel Wandera The Treasury has proposed a Sh2.7 trillion budget in the next financial year (FY) as […]

State slashes devolved units allocations to Sh316.5 billion

Reading Time: < 1 minute Zachary Ochuodho @zachuodho Nairobi, Kilifi, Turkana, Kakamega, Mandera and Nakuru will receive large equitable shares from Treasury in the 2020/21 […]

Treasury turns off cash taps for 17 counties over suppliers’ pay

Reading Time: 2 minutes The government has made good its threat to withhold the disbursement of funds to counties that have not settled pending […]

Treasury asked to pardon 15 counties over pending bills

Reading Time: 2 minutes The office of the Controller of Budget (CoB) has asked National Treasury to pardon at least 15 counties at risk […]

Counties ignore Treasury CS pending bills directive

Reading Time: 2 minutes Treasury’s directive to counties to pay pending bills before December lapsed but contractors and suppliers are still lining up hoping […]

Treasury: No more lump-sum budget cash for State agencies

Reading Time: 2 minutes The Treasury will no longer give lump-sum budgets to State corporations, a move aimed at reducing the budget deficit and […]

17 million Kenyans living in poverty

Reading Time: 2 minutes At least 17.3 million Kenyans are living below the poverty line making it hard for them to access a meal […]