KeNHA closes section of Mombasa Road for maintenance work
  • Author: Lucy Mumbi
  • Date: 2024-06-23 19:47:30

KeNHA closes section of Mombasa Road for maintenance work

The Mombasa-bound lanes between Salama and Sultan Hamud, 11 km from Salama towards Mombasa and 10 km from Sultan Hamud towards Nairobi, will be closed for nine days.

Small banks face uncertainity in govt's plan to raise capital requirement ten times
  • Author: Vincent Ombati
  • Date: 2024-06-17 13:27:58

Small banks face uncertainity in govt's plan to raise capital requirement ten times

Kenya has nearly 39 licenced banks, and more than half of them may be affected by the CBK's new measure. Out of these, only 9 banks control the lion's share at 75.1%

Protest set for Tuesday as pressure mounts for MPs to reject Finance Bill
  • Author: Mary Wambui
  • Date: 2024-06-15 13:04:51

Protest set for Tuesday as pressure mounts for MPs to reject Finance Bill

The organisers of the protest, dubbed "Occupy Parliament," have called on participants to show up in black at noon to keep vigil as MPs vote at 2.30 pm on the bill that has been widely rejected as punitive.

Woe for jobless Kenyans as govt freezes employment for 1 year
  • Author: Alfred Onyango
  • Date: 2024-06-14 18:31:08

Woe for jobless Kenyans as govt freezes employment for 1 year

The government is struggling to cut down expenditures, including its ballooning wage bill, amid austerity measures introduced by President William Ruto.

Treasury reverses the excise duty hike on mobile money transfers
  • Author: Bashir Mohammed
  • Date: 2024-06-14 08:58:37

Treasury reverses the excise duty hike on mobile money transfers

Safaricom had argued that raising the tax on mobile money transfers would undermine financial inclusion efforts and could potentially drive users towards black market money transfer services, thereby harming tax collection efforts.

Kenyans say reports of an improved economy not matching reality
  • Author: Alfred Onyango
  • Date: 2024-06-14 07:53:16

Kenyans say reports of an improved economy not matching reality

A recent Infotrak poll showed the majority of Kenyans — 58 per cent — felt the country was headed in the wrong direction economically

Burundi budget to rise 16 per cent in 2024/25, finance minister says
  • Author: Reuters
  • Date: 2024-06-13 22:59:03

Burundi budget to rise 16 per cent in 2024/25, finance minister says

Parliament passed the budget on Thursday evening with 84.7% of votes cast, after Niyonzima read it out.

Treasury allocates Sh23.7 billion to manufacturing sector to boost job creation
  • Author: Lucy Mumbi
  • Date: 2024-06-13 20:44:48

Treasury allocates Sh23.7 billion to manufacturing sector to boost job creation

He noted that through strong economic fundamentals, together with renewed investor confidence, a total of 848,200 new jobs were generated in the economy compared to 816,600 new jobs generated in 2022.

Treasury CS unveils Sh54.6 billion plan for agricultural transformation
  • Author: Terry Muriuki
  • Date: 2024-06-13 20:36:38

Treasury CS unveils Sh54.6 billion plan for agricultural transformation

The CS highlighted the government's commitment to transforming Kenya's agricultural landscape, ensuring food security, and fostering inclusive economic growth.

Affordable housing wins big in 2024/25 Budget with 916 per cent increase in allocation
  • Author: Lucy Mumbi
  • Date: 2024-06-13 18:55:53

Affordable housing wins big in 2024/25 Budget with 916 per cent increase in allocation

The government has also allocated Sh15 billion for social housing units and Sh14.7 billion for social and physical infrastructure.

Sh193.4 billion earmarked for infrastructure in 2024/25 budget
  • Author: Farhiya Hussein
  • Date: 2024-06-13 18:54:47

Sh193.4 billion earmarked for infrastructure in 2024/25 budget

Sh69.5 billion is allocated for road maintenance activities with Ndung’u saying regular maintenance is crucial for the longevity and usability of roads. 

State announces stringent measures to curb public sector spending
  • Author: Amina Wako
  • Date: 2024-06-13 18:35:11

State announces stringent measures to curb public sector spending

The Salaries and Remuneration Commission will conduct a thorough audit of public payrolls during this period to eliminate ghost workers and ensure compliance with approved salary scales.

Treasury boosts security budget to Sh377.5bn for enhanced national safety and border protection
  • Author: Mary Wambui
  • Date: 2024-06-13 18:20:03

Treasury boosts security budget to Sh377.5bn for enhanced national safety and border protection

A brief on the ministry's allocations shows that the government plans to spend Sh15.18 billion to equip 283 sub-county offices with modern ICT equipment.

2024/25 Budget: Education takes lion's share of Sh656.6 billion
  • Author: Lucy Mumbi
  • Date: 2024-06-13 18:14:30
Counties receive highest allocation since inception of devolution
  • Author: Barack Oduor
  • Date: 2024-06-13 17:45:31

Counties receive highest allocation since inception of devolution

The amount was initially Sh12.2 billion when the budget was passed in June 2023 but the amount was increased through a subsequent supplementary budget that added Sh4 billion.

Health, Agriculture get lion's share of Marsabit Sh9.1 billion budget
  • Author: Waweru Wairimu
  • Date: 2024-06-12 12:24:14

Health, Agriculture get lion's share of Marsabit Sh9.1 billion budget

The department has been allocated Sh2 billion, or about 22 percent of the total budget, on which members of the public will share their views starting Wednesday.

School feeding programme suffers Sh2.3 billion budget cut
  • Author: Lucy Mumbi
  • Date: 2024-06-11 17:03:15

School feeding programme suffers Sh2.3 billion budget cut

Education PS Belio Kipsang' told a parliamentary committee that the programme consistently received extra funding, the exception being the 2024–2025 financial year.

Ruto speaks to Uhuru after ex-President's office raises budgetary concerns
  • Author: Abdirahman Khalif
  • Date: 2024-06-11 15:18:28

Ruto speaks to Uhuru after ex-President's office raises budgetary concerns

The president has formed a team, led by the Head of Public Service Felix Koskei, to immediately address all the issues raised

City Hall repossesses 25 unpaid, grabbed loading zones in CBD 
  • Author: Maureen Kinyanjui
  • Date: 2024-06-11 13:18:13

City Hall repossesses 25 unpaid, grabbed loading zones in CBD 

The loading zones will be converted back into parking slots which will increase parking capacity in the CBD.

Civic educators train Kamukunji residents how to analyse Nairobi County's budget estimates
  • Author: Hanifa Adan
  • Date: 2024-06-10 18:54:34

Civic educators train Kamukunji residents how to analyse Nairobi County's budget estimates

Participants were guided through the intricacies of the budget proposals, focusing on where allocations are made and the transparency of information sharing at the county level.

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