The payment covers arrears for October, November, and December, and was disbursed on Tuesday evening.

The CoG’s report highlighted that these expenditures reflected a disregard for the austerity measures announced by President William Ruto.

The invitation is in line with Articles 201, 221, and 232 of the Constitution, which require public participation in financial matters.

Ufaa had set a target of collecting Sh4.5 billion and 300 million shares for the review period, surpassing the goal for shares but falling short of it...

Out of the total households surveyed, the trend shows a 7.9 per cent dip in the savings culture of Kenyans from 2021, the previous survey period, to d...

Recent government support has enabled the university to pay full salaries and remit deductions as of September 2024.

The unclaimed assets include Sh39.4 billion in shares, which were surrendered to the Treasury, and Sh36.09 billion in cash held in local and foreign c...

The Senate Finance and Budget Committee, chaired by Mandera Senator Ali Roba on Tuesday found that while Sh11.5 billion in assets was expected, only S...

Data from the report shows a significant surge in the number of transactions flagged as potentially linked to money laundering, underscoring a worryin...

This mediation committee now awaits the appointment of an equal number of Senators who will join them in negotiations.

The new system aims to curb the annual loss of billions of shillings due to inefficiencies in existing financial management frameworks.

This is a major improvement compared to Sh572.87 million and Sh501.03 million collected in the same months in the last financial year.

President William Ruto signed the County Government Additional Allocation Bill, 2023, into law on March 4, 2024.

Mungatana and the other suspects were accused of defrauding the County Government of Kilifi of Sh51 million.

Ideally, the government opts for borrowing, both externally and internally, to cater to the fiscal gap in every financial year.

CoB is yet to approve Sh700 million spent in the construction of a modern presidential dais at State House. The CoB also did not approve the Sh400 mil...

Kenya is currently on the Financial Action Task Force's grey list of countries with insufficient controls for preventing money laundering and terroris...

Most of them argued that even though public participation is required in the Constitution, the process merely appears symbolic, lacking substantive im...

Treasury aims to allocate Sh33.3 billion to HELB, which is Sh3.7 billion from the initial amount.

Nairobi's financial woes deepen as it grapples with a staggering debt of over Sh100 billion, including outstanding legal fees and stalled projects wor...