Sharp Daily
No Result
View All Result
Monday, July 7, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Treasury Chief John Mbadi reverses stance on JSS teacher funds

Teresiah Ngio by Teresiah Ngio
August 26, 2024
in News
Reading Time: 1 min read

Treasury Cabinet Secretary (CS) John Mbadi has retracted his earlier statement that there is no money to employ Junior Secondary School (JSS) teachers on permanent and pensionable terms. In a significant U-turn, Mbadi admitted he was wrong and clarified that funds have indeed been allocated for this purpose.

Speaking on Sunday, Mbadi acknowledged his error, stating, “Those who are saying there is money in the budget for JSS teachers are right. I am wrong, and there is nothing wrong with saying I am wrong.” He explained that his previous comments were based on concerns about the existing cash crunch, which might affect teachers’ salaries from July to December.

However, Mbadi clarified that the budgetary allocation for converting the 20,000 JSS teachers to permanent terms, effective January 2025, is in place.

“What I should have made clear is that there is money in the budget for conversion of JSS teachers to permanent and pensionable from January 2025, and there is KES 22 billion available,” he noted.

RELATEDPOSTS

Senator Khalwale presses TSC to resolve teachers’ strike as funds are allocated for JSS

September 14, 2024

The CS further reassured that the Teachers Service Commission (TSC) has been informed of these budgetary provisions. “I actually implied that there would be no money to pay them from July to December, but I should have been very clear that there is money in the budget from January,” Mbadi clarified.

The National Treasury also issued a statement, reaffirming the government’s commitment to funding the JSS teachers’ employment. “The Cabinet Secretary for the National Treasury and Economic Planning Hon John Mbadi assures Kenyans that funds have been allocated by the government to employ Junior Secondary School teachers on permanent and pensionable terms starting Jan 2025,” the statement read.

Previous Post

New bill proposes penalty waivers for late tax remittances in relief to businesses

Next Post

Matatu Owners call off strike after government assurances

Teresiah Ngio

Teresiah Ngio

Related Posts

Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025
News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025

LATEST STORIES

The importance of Investment Policy Statements (IPS) for pension schemes in Kenya

July 4, 2025

Understanding Life Cover as an Additional Benefit in Retirement Benefit Schemes

July 4, 2025

Del Monte foods files for bankruptcy in USA

July 3, 2025

Lessons from the Kuramo-TransCentury fallout

July 3, 2025

Private vs Public Pension Funds in Kenya

June 30, 2025

The mechanics of currency manipulation

June 27, 2025

Understanding how to access your pension savings in Kenya.

June 27, 2025

What happened to president Ruto’s economic dream?

June 27, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024