Treasury spent Sh23bn without MPs nod in Uhuru’s last days

Economy Treasury spent Sh23bn without MPs nod in Uhuru’s last days Wednesday September 21 2022 Treasury building in Nairobi on June 11, 2020. PHOTO | SILA KIPLAGAT | NMG The Treasury spent Sh23 billion without the approval of Parliament in the weeks to the inauguration of President William Ruto. Documents tabled in Parliament show the … Read more

How Helb lost potent weapon against defaulters

Economy How Helb lost potent weapon against defaulters Friday August 26 2022 Student loan beneficiaries at Helb offices in Nairobi. FILE PHOTO | NMG The High Court’s decision to stop the Higher Education Loans Board (Helb) from imposing interests and fines exceeding the principal amount has taken away the agency’s biggest weapon against defaulters even … Read more

Treasury wants income proof of used car dealers, buyers

Economy Treasury wants income proof of used car dealers, buyers Monday August 01 2022 Finance Cabinet Secretary Ukur Yatani. PHOTO | FRANCIS NDERITU | NMG Car dealers will be required to reveal the identity of buyers and their sources of income if Treasury proposals seeking to seal loopholes for the money laundering and flow of … Read more

Another Sh37.3 million linked to junior Treasury employees frozen

Economy Another Sh37.3 million linked to junior Treasury employees frozen Wednesday July 20 2022 Frozen money concept. FILE PHOTO | NMG Ethics and Anti-Corruption Commission has obtained orders freezing Sh37.3 million belonging to four employees of the Treasury suspected to have been stolen from the government in the guise of allowances and facilitation fees. The … Read more

Biden wants KRA to spy on American companies

Economy Biden wants KRA to spy on American companies Wednesday July 20 2022 US President Joe Biden. PHOTO | SHUTTERSTOCK The United States is demanding that the Kenya Revenue Authority (KRA) spy on American firms and investors for money laundering and tax evasion as a condition for a trade deal between the two countries. The … Read more

Treasury to stop funding of Kibaki office, cut staff

Economy Treasury to stop funding of Kibaki office, cut staff Wednesday May 11 2022 Deceased Former President Mwai Kibaki. FILE PHOTO | NMG By BRIAN NGUGIMore by this Author Summary The Treasury is set to stop funding the office of the late President Mwai Kibaki, saving taxpayers hundreds of millions of shillings in retirement benefits offered to … Read more

IMF backs Kenya’s cooking oil, loans, gambling tax raise

Economy IMF backs Kenya’s cooking oil, loans, gambling tax raise Thursday April 28 2022 Signage at the International Monetary Fund (IMF) headquarters in Washington, DC. PHOTO | AFP By CONSTANT MUNDAMore by this Author Summary Some of the taxation measures include 16 percent levy on cooking gas, raising of excise duty on airtime and data … Read more

Japan overtakes China in fresh Kenya loans race

Economy Japan overtakes China in fresh Kenya loans race Wednesday April 20 2022 President Uhuru Kenyatta at State House, Nairobi, with State of Japan Ambassador to Kenya Okaniwa Ken. On the right is Foreign Affairs Cabinet Secretary Raychelle Omamo. PHOTO | PSCU By CONSTANT MUNDAMore by this Author Summary Beijing is projected to lend Kenya Sh29.46 … Read more

KQ gets another Sh36.6bn State bailout

Companies KQ gets another Sh36.6bn State bailout Friday April 15 2022 A fleet of Kenya Airways planes at Jomo Kenyatta International Airport in this photo taken on July 15, 2020. PHOTO | JEFF ANGOTE | NMG By EDWIN MUTAIMore by this Author Summary The allocation, contained in budget documents tabled in Parliament, comes weeks after … Read more