Unclaimed Financial Assets Authority Stories
CS John Mbadi said several agencies are treating government funds as a source of returns, a move he described as a misuse of public resources.
The directive forms part of broader efforts to enhance accountability and oversight across the industry as more insurers adopt technology-driven opera...
Gathungu is advocating for amendments to the Public Finance Management (PFM) Act to introduce penalties, arguing that such measures would promote fisc...
The Financial Reporting Centre is tasked with identifying proceeds of crime and fighting money laundering under the Proceeds of Crime and Money Launde...
Data from the state-owned intelligence unit, Financial Reporting Centre, shows that the number of suspicious transactions reports (STRs) exceeded 11,0...
Nairobi International Financial Centre Authority (NIFCA), operating under the National Treasury and led by CEO Daniel Mainda, spearheaded the signing...
The county credits the record-breaking performance to enhanced collection efforts, the adoption of digital systems, and stricter enforcement targeting...
The National Treasury has now revised the allocation down to Sh632.3 million from Sh702.3 million, just days before the end of the financial year.
The regulator says the structure of life insurance policies, commonly known as long-term business, makes them vulnerable to criminal abuse, highlighti...
One of the most notable cuts is in funding for expanding access to clean and adequate water for both domestic and agricultural use, which has dropped...
TSC will receive the lion’s share of Sh387.2 billion, including Sh7.2 billion earmarked for the recruitment of intern teachers and Sh980 million for c...
The reserves have been on an upward trend since March, when they surpassed the 10-billion-US-dollar mark.
Reports by The Citizen indicate that only Kenya, Tanzania, and Uganda have contributed their required $7 million (Sh903.8 million) share towards the E...
Many residents in Eastleigh receive financial support from relatives abroad, and the event aimed to offer them practical information on safer and more...
According to Thakar, the antidote to lifestyle creep is developing a disciplined financial mindset focused on delayed gratification and prioritising l...
The chairperson of the National Assembly’s Committee on Trade, Industry and Cooperatives Bernard Shinali demanded a proper explanation from the PS, qu...
The majority of the residents emphasised the need to prioritise the construction of a mega dam to harvest rain and drilling of boreholes to cushion th...
The affected staff members, including unionised workers and lecturers, have received letters notifying them of their redundancy.
Cooperatives Cabinet Secretary Wycliffe Oparanya told the Senate plenary that the system will help recover unpaid loans and ensure the fund benefits m...
According to the budget estimates, Moi University’s recurrent budget will drop from Sh3.3 billion to Sh1.96 billion in the next fiscal year.
The union argues that the layoffs violate the agreed terms between the union and the university management, accusing the institution of bypassing prop...
National Assembly Speaker Moses Wetang'ula confirmed its receipt along with the 2025/26 Budget Estimates, which include key revenue-raising measures f...
Only six counties, Nakuru, Kwale, Busia, Tana River, Narok, and Kilifi complied with the 35 per cent rule as set out in the PFM Act, 2012.
According to Nyakang’o, some counties are paying bills that have not been approved, resulting in a delay in settling the legitimate pending bills that...
Among the biggest debtors are Kenyatta University, which owes Sh12.38 billion, the University of Nairobi with Sh12.22 billion, and Jomo Kenyatta Unive...
The report also highlights that county governments are under increased scrutiny over questionable spending on legal fees.
Given the mounting losses, lack of accountability, and failure to comply with government directives, the Women Enterprise Fund’s future remains uncert...
One of the first policy changes under President Ruto's leadership was a dramatic increase in National Social Security Fund deductions, which jumped by...
As both Houses stand firm in their positions, it remains to be seen whether the conflict will be resolved before the 2025/2026 financial year, with th...
Kenya was placed on the Financial Action Task Force’s (FATF) grey list in February last year due to weaknesses in combating money laundering, terroris...
