Eight commercial banks have compelled the Treasury to settle a Ksh 19.3 billion (US$149.9 million) defaulted…
Tag: Treasury
Treasury Confirms Looming Debt Crisis Due to Fiscal Deficits
Treasury CS John Mbadi has confirmed a looming debt crisis brought by fiscal deficits resulting from…
Treasury Allocates Ksh4.46 Billion More to State House Budget
The government has increased the State House budget by Ksh3.81 billion in the latest Supplementary Budget…
Treasury & CBK Disagree Over New Bond Trading Platform EABX
Kenya’s Treasury and the Central Bank of Kenya (CBK) disagree over the newly established bond trading…
Treasury Wants Crypto Firms in Kenya to Appoint Local CEOs
The National Treasury proposes Virtual Asset Service Providers Bill, 2025, which would see crypto companies operating…
CS Treasury John Mbadi Encourages Banks to Lower Lending Rates
Cabinet Secretary for Treasury John Mbadi has been impressed by milestones made on Kenya’s financial landscape,…
MPs Accuse Treasury of Stalling Critical National Development Projects
Nairobi, September 4, 2024 — Members of the National Assembly’s Trade Committee have accused the Treasury…
Kenya Initiates TSA to Consolidate Government Bank Deposits
Kenya’s National Treasury is set to consolidate government funds from commercial banks this month, marking the…
High Court Halts Release of Marginalised Areas’ Funds
The High Court has issued an order suspending the Controller of Budget (CoB) from releasing equalisation…
Finance Bill 2023: According To Treasury CS, Kenya Is One Of The EA Nations With Low Taxes
Prof. Njuguna Ndung’u, Cabinet Secretary (CS) of the National Treasury, defended the Finance Bill 2023’s recommendations…