Treasury shuns law set to control goods prices

Economy Treasury shuns law set to control goods prices Thursday June 30 2022 The National Treasury building in Nairobi. PHOTO | SALATON NJAU | NMG The Treasury will not invoke the law that allows the government to control the prices of essential goods in reaction to the surge in inflation. Treasury Principal Secretary Julius Muia … Read more

Treasury cancels Sh115bn Eurobond, eyes bank loans

Economy Treasury cancels Sh115bn Eurobond, eyes bank loans Friday June 10 2022 Ministry of National Treasury and Planning Cabinet Secretary Ukur Yatani. PHOTO | FRANCIS NDERITU | NMG Kenya has canceled the issuance of a Sh115 billion ($ 1 billion) Eurobond and will instead borrow from a syndicate of banks after the Treasury received bids … Read more

Uhuru successor faces Sh26bn fuel subsidy cut

Economy Uhuru successor faces Sh26bn fuel subsidy cut Tuesday June 07 2022 An attendant at a fuel station in Nairobi. PHOTO PHOTO | NMG Fuel subsidy has been slashed by 84 percent or by Sh26.7 billion for the year starting next month, pointing to costly petrol and a political headache for the next government. Budget … Read more

Yatani omits budget for Uhuru retirement office

Economy Yatani omits budget for Uhuru retirement office Monday April 18 2022 President Uhuru Kenyatta. PHOTO | PSCU By CONSTANT MUNDAMore by this Author Summary It is understood that the Treasury is avoiding breaching sections of the law that bars a retired president from holding office in a political party six months after retirement. Voters … Read more

Treasury allocates NMS Sh14 billion to operate until 2023

Counties Treasury allocates NMS Sh14 billion to operate until 2023 Monday April 18 2022 NMS Director-General Major General Mohamed Badi. PHOTO PHOTO | NMG By OTIATO GUGUYUMore by this Author Summary The National Treasury has reinstated the budget of Nairobi Metropolitan Services (NMS) signaling an extended transition of the entity beyond the August election for … Read more

Lenders keep off KQ as Treasury funds airline

Capital Markets Lenders keep off KQ as Treasury funds airline Wednesday April 13 2022 Kenya Airways CEO Allan Kilavuka. PHOTO | DENNIS ONSONGO | NMG By BONFACE OTIENOMore by this Author Summary KQ, as the carrier is known by its international code, has in recent years been borrowing exclusively from the government after defaulting on … Read more