New Kenyan bill mandates public disclosure of parastatal financials
Kenya’s Treasury has fronted a new statutory proposal, ‘The Government Owned Enterprises Bill, 2024, with various reforms among them mandating ...
Thursday, May 15, 2025
Tag: Treasury
Kenya’s economy sees 5.6% rebound amid KES 720 billion fiscal deficit
Kenya's economy rebounded strongly in 2023, growing at 5.6% compared to 4.8% the previous year, according to the government's latest ...
Treasury announces new levy on govt supplier contracts
A new tax aimed at developing expertise in public procurement is set to impact contractors supplying goods and services to ...
Treasury contemplates imposing 16% VAT on bread and milk
The Treasury is reportedly evaluating the advantages of levying a 16% Value Added Tax (VAT) on bread and milk, a ...
Treasury counters allegations of exorbitant loan rates by IMF and World Bank
The National Treasury has denied recent claims made by the Controller of Budget regarding the interest rates on loans acquired ...
Treasury PS refutes claims that Kenyans are overtaxed
Treasury Principal Secretary Chris Kiptoo has countered the prevailing public sentiment suggesting that Kenyans are burdened with excessive taxes. He ...
State agencies, private firms cling to KES 241 billion unclaimed assets
The Unclaimed Financial Assets Authority (UFAA) is yet to receive KES 241B of unclaimed assets from public agencies and private ...
Head of public debt management Haron Sirima to exit treasury
The chief of Kenya's public debt management office within the finance ministry is set to depart from his position within ...
Cabinet approves treasury single account to boost fiscal oversight
In its first meeting of 2024, Kenya's cabinet approved implementing a Treasury Single Account (TSA) system for government banking, a ...
Treasury allocates KES 31.34B to schools amid legal action threats
The National Treasury released KES 31.34 billion on Wednesday in anticipation of the imminent school reopening next week. According to ...
