EAC Postpones Head of States Meeting Over Lack of Quorum
The EAC (East African Community) has postponed its head of states summit due to a lack of quorum. According to a report from the community, one member out of the [...]
EU Reviews Policy on Kenya’s Horticulture Imports
The European Union (EU) has reviewed its policy on the maximum residue levels (MRLs) allowed for horticulture imports from Kenya. The recent reviews indicate that the EU has lowered the [...]Treasury to Withhold Funds for 15 Counties
The National Treasury has announced its intentions to withhold funds for 15 counties which have failed to pay pending bills owed to suppliers and contractors. According to acting Treasury CS, [...]Treasury Receives KSh66 Billion from State Corporations
Treasury has received a total of KSh66 billion from state coporations. This follows its directive to have state corporations remit excess funds to the institution so as to bridge the [...]
IMF Concerned about Africa's High Debt Levels
The International Monetary Fund (IMF) has raised concerns over the rising debt in Africa. Ms Kristalina Georgieva, IMF managing director told Bloomberg that about 40% of the countries in Africa [...]Dr. Margaret Nyakango Appointed Controller of Budget
President Uhuru Kenyatta has nominated Dr. Margaret Nyakango as the Controller of Budget pending scrutiny by the National Assembly. Dr. Nyakango will have to wait until vetting by parliament's Finance [...]Parliamentary Budget Committee Warns of Looming Debt Accompanying Supplementary Budget
The Parliamentary Budget Committee has warned that approving new budget estimates would lead to financing gaps and therefore additional borrowing. According to the committee, Treasury's proposal for the KSh 80.1 [...]KPA Remits KSh18.7 Billion to Treasury in Special Dividends
KPA has remitted KSh 18.7 billion in special dividends to the National Treasury. Such comes a few months after Treasury lamented about the poor contribution of parastatals towards its cash needs. [...]State Corporations Remit Funds to Treasury
Parastatals have started remitting excess funds to the national treasury to bridge funds gap. Treasury earlier gave a directive requiring parastatals remit excess funds such as cash balances and near liquid [...]
