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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...

Treasury picks Dubai-based firm as Telkom Kenya majority owner

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Infrastructure Corporation of Africa LLC (ICA) of the United Arab Emirates will be the new majority shareholder in Telkom Kenya. This follows the transfer of...

Ndung’u: Kenya will not default on its debt

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Kenya is not at risk of a debt default and has crafted a clear debt repayment schedule with local and international creditors. Treasury Cabinet Secretary...

Education Ministry on course to waive public universities pending bills

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The Ministry of Education is engaging the Treasury on ways to waive part of the Ksh 60 billion that public universities owe KRA. With the...

Treasury secures Ksh 70B to fund stalled projects

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The National Treasury has secured Ksh 70 billion ($500m) through a syndicated loan organized by a consortium of five international lenders. This is part of...

Report shows men pay more for health services than women

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Kenyans pay an average of Ksh 37,000 for every inpatient medical service annually and more than Ksh 1,700 for outpatient services according to the...

Treasury directs state agencies to prioritize pending bills payment

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The National Treasury has directed accounting officers of state corporations, funds and semi-autonomous agencies to prioritize payment of pending bills before the closure of...

BUDGET: Eyes on treasury’s proposals amid rising cost of living

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A spike in the cost of food items, rent, water, electricity, gas, and transport continues to exacerbate the cost of living. The latest data by...

Budget: A look at the Ksh 3.6T FY2023/24 expenditure

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The Budget and Appropriation committee has proposed to increase the 2023/24 financial year budget by Ksh 80 billion.  If adopted by parliament, recurrent expenditure will...

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