Treasury Cuts Funding for Big 4' Projects
The Big 4' Agenda projects have been allocated KSh 128.3 Billion in the 2020/21 National Budget. A massive drop from KSh450.9 Billion allocated in last year's budget and KSh 400 [...]
Winners and Losers in the KSh 3.2 Trillion Kenya Budget 2020/21
The Treasury Cabinet Secretary Ukur Yatani walked a tight rope while making public pronouncements on the Kenya Budget including his revenue-raising measures and the highlights of the KSh 3.2 Trillion [...]Kenya's Budget 2020/21; Pending Bills
National Treasury CS Ukur Yattani reads his first budget statement today, Thursday 11, giving the outlook for the FY2020/21. He will be presenting a Ksh2.7 trillion budget whose Ksh1.8 trillion [...]
High Court Halts Disbandment of Food Reserve Fund
The High Court has temporarily suspended the Treasury CS, Ukur Yattani's proposal to dissolve the Strategic Food Reserve Trust Fund (SFRTF), transferring its functions to the National Cereals and Produce [...]
Kenya Budget 2020/21; Cost of Debt Financing to Exceed Development Expenditure
Budget 2020/21 estimates reveal that the cost of debt financing will exceed development expenditure as Kenya’s high public debt picks centre-stage. The irony is that public debt when being sourced [...]Nigerian Central Bank to Launch a Regulatory Sandbox
The Central Bank of Nigeria (CBN) is finalizing the frameworks to create a regulatory sandbox as part of its initiative to boost the adoption of financial services. Nigeria embarked on [...]Kenyan Legislators Say Budget 2020/21 Growth Estimates are Overambitious
The Parliament’s Budget and Appropriations Committee (BAC) in their submission on the estimates of the Budget2020/21 says that the growth estimates are overambitious. Kenya's Ministry of Treasury had presented the [...]Kenya Risks USA Probe Over its Planned Digital Tax
Kenya risks a trade war with the USA over its plans to tax firms in the digital marketplace. This is if the draft Value Added Tax(VAT) law on digital firms [...]Nairobi Expressway Construction Works Begin
Preliminary works on Nairobi Expressway have commenced. Main construction activities on the 27.1 Km project are scheduled for July 2020 with December 2022 as the set completion date. The Expressway [...]EU Gives KSh 7.8 Bn to Kenya to Fight Impacts of COVID-19 Pandemic
The European Union (EU) has given an additional KSh 7.8 billion to Kenya to help avert hunger and strengthen COVID-19 countermeasures. The fund will help mobilize resources to fight the [...]AfDB Issues $288.5 Million Loan to Support Nigeria's Economy
The African lender, AfDB, approved a $288.5 million loan to help Nigeria ease the impact of Coronavirus. The loan will also help the West African country through tough economic times [...]KWS Enforces the Single-Use Plastic Ban
The Kenya Wildlife Service has enforced the plastic ban (single use) with effect from 5th June 2020, henceforth advocating the use of less polluting materials such as wooden, metallic, or [...]
