Public Finance Management Stories

Majority of Kenya’s unclaimed assets under Sh1,000 - Auditor General
Maureen Kinyanjui  |  Oct 28, 2025

The audit highlights how many holders of small amounts are deterred from claiming their funds because they face mandatory expenses such as travel, not...

Ichung’wah defends quiet reintroduction of parts of 2024 Finance Bill amid fears it could harm businesses
Lucy Mumbi  |  Oct 23, 2025

Ichung’wah said certain individuals misled the public into rejecting the Bill, even though it contained several beneficial provisions.

Counties spend nearly half of budgets on salaries, audit shows
Maureen Kinyanjui  |  Oct 20, 2025

Data from the 47 counties indicates that 46.8 percent of their total budgets, equivalent to Sh470.74 billion, went toward personnel expenses.

Government’s increased revenue strategy faulted amid missed targets, public backlash
Alfred Onyango  |  Oct 15, 2025

The PBO attributes these missed targets to deep-seated inefficiencies, citing poor implementation of tax policies, weak enforcement mechanisms, and wi...

New certificate of origin rule faces doubts over import undervaluation controls
Alfred Onyango  |  Oct 14, 2025

Introduced through the Finance Act 2025, the directive redefines the term certificate of origin as an official document issued by a competent authorit...

Controller of Budget flags 16 counties for concealing true staff expenditures
Maureen Kinyanjui  |  Oct 14, 2025

Only eight counties complied with the legal limit: Kilifi (24 per cent), Siaya (26 per cent), Tana River (27 per cent), Nakuru (30 per cent), Kwale (3...

Bill proposes separate bank accounts for each State project to boost accountability
Maureen Kinyanjui  |  Oct 11, 2025

The National Treasury, together with oversight institutions, will be required to conduct regular capacity-building sessions on handling project accoun...

UN report says mining boom threatens green energy goals without stronger oversight
Bashir Mbuthia  |  Oct 09, 2025

According to the report, responsible mining practices and adherence to Environmental, Social, and Governance (ESG) standards are crucial to prevent en...

African countries gear up for major push on climate innovation, climate financing and climate change laws
The Conversation  |  Oct 05, 2025

Climate finance should ensure fairness by empowering the most affected communities to adapt, receive compensation for losses, and benefit from strong...

From detention to global recognition: Rose Njeri named in 2025 Time100 Next list
Lucy Mumbi  |  Oct 01, 2025

software developer Rose Njeri, 35, was recognised under the advocates category for creating a digital platform that allowed Kenyans to voice their opp...

CoB flags poor utilisation of development funds in counties, says only 12 met threshold
Maureen Kinyanjui  |  Sep 20, 2025

The figures point to an imbalance in county spending, with Sh346.98 billion, or 74 per cent of the overall Sh470.74 billion used for recurrent expendi...

CoB Margaret Nyakang’o warns health payrolls devouring county budgets
Maureen Kinyanjui  |  Sep 19, 2025

The report reveals that the health sector took the largest share of wages, absorbing 44 per cent of the total employee costs, nearly Sh97 billion.

Kenya’s economic outlook worsens as debt and policy uncertainty weigh on growth
Alfred Onyango  |  Sep 15, 2025

The report, which reviews macro-economic performance for the six months to June, warns that optimism about the country’s growth prospects is fading.

Green investment rises as lenders pump Sh18 trillion into climate finance
Alfred Onyango  |  Sep 12, 2025

The increase comes at a time when governments are under mounting pressure to accelerate the transition to low-carbon economies.

The impact of the recent Finance Bill on different sectors
Eastleigh Voice Team  |  Sep 11, 2025

A TIFA survey shows that 82 per cent of citizens cite rising prices of basic goods and services such as food, transport, and utilities as the biggest...

How protests over Finance Bill hurt Nairobi’s daily revenue collections
Maureen Kinyanjui  |  Sep 10, 2025

County records show fire inspection fees plunged by 90 per cent to Sh5.3 million, while market rates fell 11.6 per cent to Sh189.37 million.

Kenya, Ethiopia to boost cooperation on renewable energy, climate finance as Ruto attends Africa climate summit
Lucy Mumbi  |  Sep 07, 2025

Ruto is expected to launch the report “From Nairobi to Addis Ababa: Africa’s Journey of Climate Action and Partnership,” which reviews progress since...

Kenyan manufacturer sues Tanzania at East Africa Court of Justice over "discriminatory" tax
Carolyne Kubwa  |  Sep 04, 2025

Match Masters Limited, filed the case arguing that the excise duty introduced by Tanzania violates the EAC Treaty and amounts to protectionism.

CBK: Microfinance banks struggling with loan defaults amid shrinking deposits
Maureen Kinyanjui  |  Sep 04, 2025

The Central Bank of Kenya (CBK) reports that the 14 licensed microfinance institutions (MFBs) are finding it difficult to grow their lending portfolio...

Africa Climate Summit 2025: Addis Ababa faces pressure to deliver on Nairobi Declaration pledges
Mwangi Maina  |  Aug 27, 2025

As leaders gear up for the second Africa Climate Summit in Addis Ababa this September, the gap between bold rhetoric and real delivery remains glaring...

Shocking audit reveals weak oversight in Kenya’s Sh2.5 billion donor-funded projects
Lucy Mumbi  |  Aug 19, 2025

Key initiatives in energy, transport, and health were among those flagged for weak documentation, raising concerns about potential mismanagement and e...

Kenya launches Islamic finance association to unlock growth in Sharia-compliant banking
Alfred Onyango  |  Aug 19, 2025

Spearheaded by Absa Bank, the new umbrella body seeks to close regulatory and operational gaps that have long slowed the sector’s growth.

Treasury reports fastest tax growth in two years amid July protests
Maureen Kinyanjui  |  Aug 19, 2025

On July 7, Nairobi’s Central Business District was effectively closed as police blocked major roads to prevent thousands of youth from gathering for t...

Somalia launches Danabeysan digital signature system to streamline government payments
Abdirahman Khalif  |  Aug 17, 2025

Experts noted that the system will streamline workflows by reducing duplication, directly linking authorisation to record-keeping, and strengthening i...

Ruto assents to new Bills strengthening county revenue and public finance management
Maureen Kinyanjui  |  Aug 13, 2025

Ruto assented to the County Allocation of Revenue Bill, 2025, and the County Public Finance Laws (Amendment) Bill, 2023, on Wednesday at the Homa Bay...

EACC: Nine governors under investigation for using staff to funnel stolen county funds
Lucy Mumbi  |  Aug 12, 2025

EACC chairperson Dr David Oginde revealed that the leaders, particularly in marginalised regions, are diverting money meant for development to invest...

Counties face stricter budget rules under new Bill
Rachael Mutabasi  |  Aug 01, 2025

Sponsored through the Senate, the Bill seeks to amend various county public finance laws to align them with the national framework established under t...

Kenya’s economy stable under Ruto, says Treasury CS Mbadi in response to Gachagua's claims
Lucy Mumbi  |  Jul 20, 2025

Mbadi, who took over as Treasury boss in August 2024 following the dismissal of several Cabinet Secretaries in the wake of the Finance Bill protests,...

Speaker Moses Wetang’ula calls for urgent protest law reform to end chaos
Maureen Kinyanjui  |  Jul 19, 2025

Moses Wetang’ula called on Majority Leader Kimani Ichung’wah and fellow lawmakers to lead a fresh legislative review, 15 years after the 2010 Constitu...

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