National Treasury says 18 State firms face KSh 382 Billion Financial Shortfall
The National Treasury has said that some 18 state-owned enterprises will have liabilities that exceed assets, totalling KSh 382 Billion over the next five years. National Treasury samples 18 state-owned [...]
Treasury faces Borrowing Caps from Parliament
Treasury will now require clearance from the National Assembly for any borrowings that exceed KSh 1 Billion. This follows approval by parliament of a report its watchdog, the Public Accounts [...]Kenya Gets $130 Million from World Bank for COVID-19 Vaccines
Kenya COVID-19 Health Emergency Response Project has received $ 130 Million from the World Bank additional financing to enable Kenyans access to affordable COVID-19 vaccines. Kenya will be able to [...]Rwanda Legalizes Marijuana for Medical Use
The Rwanda National Assembly has passed a bill that legalizes the cultivation, processing, distribution and use of cannabis and cannabis products (marijuana) for medical use, with effect from 28th June [...]
Relief as Finance Committee Rejects Taxation on Bread, Cites Tough Economic Times
The Finance Committee (National Assembly Finance and National Planning Committee) has rejected the tax imposition on bread, as well as the variation of excise duty on imported motorcycles, citing tough [...]The Public Lenses: Public participation in 2021/2022 Kenya Budget Preparation:
Public Participation in the Budgeting process is enshrined in the 2010 Kenya constitution and augment by the Public Finance Management (PFM) Act, 2012 states that 25 (5).In preparing the Budget [...]4 Reasons Why the Government Launched Ardhisasa
Ardhisasa is a new land record system that was launched by president Uhuru Kenyatta on the 27th of April 2021 putting an end to manual land transactions. The process officially [...]Kenya Railways Corporation to Begin Hourly Train Rides in Nairobi
Kenya Railways Corporation (KRC) will begin providing hourly rides on its Diesel Multiple Units(DMUs) for Nairobi Commuters after receiving the second batch of six more trains from Spain. According to [...]Central Bank Retains Rate at 7% as Economy Recovers Slowly
The Central Bank of Kenya maintained the benchmark rate at 7% for the eighth consecutive time during Wednesday's Monetary Policy Committee meeting. The committee said that leading economic indicators show [...]
KRA Destroys Illicit Goods Worth KSh1 Billion
Illicit trade of fast-moving goods in Kenya has been on the rise in recent years. The trade poses unfair competition to legally trading products and presents health risks to unsuspecting [...]Kenya to Receive US $ 410 Million from IMF in Coming Weeks
Kenya will access about US$410 million from the International Monetary Fund(IMF) once a review of its financing program is completed by the IMF's Executive Board in the coming weeks. This [...]Kenya's Finance Bill 2021 Proposes Removal of Parliament's Oversight on VAT Approval
The Finance Bill 2021 has proposed to remove the requirement for the Cabinet Secretary, National Treasury and Planning to table any VAT Regulations to Parliament for approval. Experts point out [...]
