Uhuru Kenyatta’s Sh32bn last budget discrepancy

Economy Uhuru Kenyatta’s Sh32bn last budget discrepancy Wednesday October 26 2022 National Treasury Cabinet Secretary Ukur Yatani addressing the media at parliament buildings after unveiling the Sh3.3 trillion Budget on April 7, 2022. PHOTO | JEFF ANGOTE | NMG President Uhuru Kenyatta’s last budget in office had a Sh32 billion ‘budget discrepancy’, the first negative … Read more

Treasury floats Sh60bn bond amid rising rates

Capital Markets Treasury floats Sh60bn bond amid rising rates Friday September 23 2022 Ministry of National Treasury and Planning Cabinet Secretary Ukur Yatani. PHOTO | FRANCIS NDERITU | NMG The Treasury has opened a new bond sale targeting Sh60 billion, amid difficulties in raising debt locally as investors continue demanding higher rates before lending to … Read more

Tough terms chop Kenya’s commercial external debt

Capital Markets Tough terms chop Kenya’s commercial external debt Tuesday September 20 2022 The National Treasury building in Nairobi on Sunday, May 24, 2020. PHOTO | DENNIS ONSONGO | NMG The share of Kenya’s external debt from commercial lenders declined to 14 percent from 15.5 percent in the year to June 2022, reflecting difficulties the … Read more

2023 Budget starts under Uhuru policies amid Ruto, Raila dispute

Economy 2023 Budget starts under Uhuru policies amid Ruto, Raila dispute Tuesday August 30 2022 National Treasury Cabinet Secretary Ukur Yatani at parliament buildings for the unveiling of the Sh3.3 trillion Budget on April 7, 2022. PHOTO | JEFF ANGOTE | NMG The Treasury has asked Cabinet Secretaries and parastatal CEOs to prepare budgets for … Read more

New President inherits half a trillion shillings of unpaid bills

Economy New President inherits half a trillion shillings of unpaid bills Friday August 19 2022 President-elect William Ruto making his address during the inaugural meeting with Kenya Kwanza leaders at his official residence in Karen on August 17, 2022. PHOTO | JEFF ANGOTE | NMG Kenya’s new President will inherit more than Sh500 billion owed … Read more

Treasury economic secretary Geoffrey Mwau dies

Profiles Treasury economic secretary Geoffrey Mwau dies Monday August 08 2022 The late Dr Geoffrey Mwau. FILE PHOTO | NMG Treasury Economic secretary Dr Geoffrey Mwau, who has been at the centre of Kenya’s budget making, has passed on in a Nairobi hospital. Dr Mwau, a distinguished economist, served in several senior roles over the … 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

Kenya disowns port deal promises made to Dubai

Economy Kenya disowns port deal promises made to Dubai Friday July 22 2022 A Container Terminal within the Port of Mombasa. PHOTO | KEVIN ODIT | NMG Kenya has disowned promises of a July tender made to Dubai Port (DP) World that would have allowed the UAE-based firm to offer a bid for development, operation and … Read more