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State receives Ksh 5B dividend pay from Kenya Pipeline

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National Treasury Cabinet Secretary Prof. Njuguna Ndung'u is calling on state agencies to properly coordinate their assets to help maximize returns and minimize losses...

Treasury to cede billions to Immigration to solve passport crisis

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The Department of Immigration and Citizen Services could retain billions of shillings collected annually in fees for various documents issued by the state beginning...

Seven months tax revenues up 14pc to Ksh 1.4T

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Tax collection for the seven months period to January this year has grown 14.4pc to stand at Ksh 1.499 trillion according to the National...

Late disbursements hurt FY2023/24 half year budget spending

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Low budget absorption rates continues to stalk the government with development vote lagging recurrent budget. The Controller of Budget (CoB) report for the first half...

KRA misses half year revenue collection by Ksh 186B

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The Kenya Revenue Authority (KRA) collected a total of Ksh 1.27 trillion in the first half of the financial year 2023/24 ended December 2023. New...

State corporations unpaid bills down to Ksh 447B in Q2

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There was a 12.2pc decline in pending bills by state corporations between September and December last year according to data by the National Treasury. Unpaid...

Treasury begins verification of pending bills backlog

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The National Government has began the verification of pending bills owed to suppliers and contractors dating back to 2005. The exercise led by former...

Treasury assures it will not default on repayment of $2 billion...

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Kenya says it has made a payment of $68.7 million (Ksh10.8B) in interest due on the US$2 billion Eurobond that matures in July 2024 ditching...

Treasury freezes plans for new eurobond after World Bank, IMF rescue 

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Kenya is unlikely to float a new bond on the international market in the medium term after getting fresh funding commitments from multilateral lenders. National...

Kenya backs increased IMF quotas to support developing countries

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Kenya has called on the International Monetary Fund (IMF) to increase its quotas to all members as a means of strengthening the institution in...

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