CS Mbadi recommends professionals, not politicians for state corporation jobs
  • Author: Lucy Mumbi
  • Date: 2024-09-19 23:17:34

CS Mbadi recommends professionals, not politicians for state corporation jobs

He instead said the roles should be given to qualified professionals who can improve the companies' efficiency and productivity to ensure better performance and accountability.

Relief for counties as Treasury set to release funds after prolonged delay
  • Author: Lucy Mumbi
  • Date: 2024-09-19 22:37:11

Relief for counties as Treasury set to release funds after prolonged delay

The financial deadlock had left all 47 counties without essential disbursements leading to economic strain impacting vital services and development projects.

Uproar as Treasury CS Mbadi fails to appear before Senate
  • Author: Maureen Kinyanjui
  • Date: 2024-09-18 11:29:24

Uproar as Treasury CS Mbadi fails to appear before Senate

Some of the questions Mbadi was to respond to include failure of the e-Citizen digital platform to process payments made to some Government institutions, financing and utilisation of the National Government development budget for the FY 2022-2023 and delayed processing of pension benefits to retired civil servants.

State to slash VAT, corporate taxes in bid to ease economic strain
  • Author: Lucy Mumbi
  • Date: 2024-09-09 12:42:13

State to slash VAT, corporate taxes in bid to ease economic strain

National Treasury Cabinet Secretary John Mbadi said he will reduce VAT from the current 16 per cent to 14 per cent and corporate taxes from 30 per cent to 25 per cent, as part of the medium-term budget strategy.

CSs Mbadi, Wahome effect radical changes in their dockets
  • Author: Barack Oduor
  • Date: 2024-09-07 16:00:36

CSs Mbadi, Wahome effect radical changes in their dockets

During vetting for his position, Mbadi promised radical changes in various dockets under his portfolio.

Kenya secures Sh40 billion loan from China for rural roads projects
  • Author: Maureen Kinyanjui
  • Date: 2024-09-06 22:21:30

Kenya secures Sh40 billion loan from China for rural roads projects

Mbadi on Friday signed the credit facility agreement in Beijing, China with Tan Jiong, President of the China Development Bank.

Mbadi urges stronger sanctions for money launderers to combat terrorism financing
  • Author: Barack Oduor
  • Date: 2024-08-31 13:58:31

Mbadi urges stronger sanctions for money launderers to combat terrorism financing

According to a statement from the Treasury, the regional gathering honoured the 25th anniversary of efforts to combat money laundering and terrorism funding.

Kenya loses more than Sh600bn yearly on tax loopholes - CS Mbadi
  • Author: Alfred Onyango
  • Date: 2024-08-23 13:36:26

Kenya loses more than Sh600bn yearly on tax loopholes - CS Mbadi

According to real-time numbers provided by the CS, the taxman might have collected more than Sh3 trillion in the fiscal year ending June 30, 2024.

State mulls reintroduction of proposal to increase tax on imported sugar
  • Author: Alfred Onyango
  • Date: 2024-08-23 11:34:41

State mulls reintroduction of proposal to increase tax on imported sugar

CS Mbadi defended the plan, stating that it is one of the progressive measures in the bill that will be reviewed in subsequent parliamentary procedures.

Mbadi: Budget constraints force government to delay permanent hiring of JSS teachers
  • Author: Maureen Kinyanjui
  • Date: 2024-08-23 08:51:07

Mbadi: Budget constraints force government to delay permanent hiring of JSS teachers

In June 2024, the Court of Appeal halted plans to hire 46,000 intern teachers on permanent and pensionable contracts.

Finance Bill 2024 is dead, buried, and will not return – Mbadi
  • Author: Maureen Kinyanjui
  • Date: 2024-08-23 06:29:57

Finance Bill 2024 is dead, buried, and will not return – Mbadi

Mbadi urged Kenyans to be prepared for new legislation as it is part of governance and encouraged people to always be part of the public participation process.

Kenya to bring back some scrapped tax plans, risking more unrest
  • Author: Reuters
  • Date: 2024-08-19 20:13:26

Kenya to bring back some scrapped tax plans, risking more unrest

President William Ruto abandoned the finance bill for this fiscal year on June 26, and later dismissed most of his cabinet, bowing to pressure from protesters who had stormed parliament and launched demonstrations across the country.

DAP-K party pushes Raila's ODM to exit Azimio over alliance with Ruto
  • Author: Waweru Wairimu
  • Date: 2024-08-17 11:18:31

DAP-K party pushes Raila's ODM to exit Azimio over alliance with Ruto

The Coalition is facing significant turbulence after President William Ruto appointed four ODM politicians from Azimio leader Raila Odinga's party to serve in his 'broad-based' government.

Atwoli warns Treasury CS against following IMF conditionalities without caution
  • Author: Lucy Mumbi
  • Date: 2024-08-14 13:26:13

Atwoli warns Treasury CS against following IMF conditionalities without caution

Atwoli decried how, in the past, blindly adopting the IMF's guidance has resulted in negative consequences for citizens and workers, as well as protests.

Treasury CS Mbadi vows to overhaul govt. payroll, reintroduce Finance Bill, 2024 proposals
  • Author: Lucy Mumbi
  • Date: 2024-08-12 14:48:11

Treasury CS Mbadi vows to overhaul govt. payroll, reintroduce Finance Bill, 2024 proposals

The new CS said a team is working on some of the proposals from the withdrawn Finance Bill 2024, which he said contain valuable revenue-raising measures.

PAC chairmanship battle heats up as opposing camps eye top seat
  • Author: Barack Oduor
  • Date: 2024-08-12 11:01:55

PAC chairmanship battle heats up as opposing camps eye top seat

The members aim to succeed Mbadi who was appointed Cabinet Secretary for the National Treasury.

Raila's party picks Homa Bay Governor Gladys Wanga to replace John Mbadi as Chairperson
  • Author: Barack Oduor
  • Date: 2024-08-09 20:09:47

Raila's party picks Homa Bay Governor Gladys Wanga to replace John Mbadi as Chairperson

Wanga, who is the party's branch chairperson for Homa Bay County will now be overseeing all branches countywide to replace the nominated MP and former Suba South lawmaker who was nominated to Cabinet.

Risk-averse investors shun Kenyan local debt, deepening fiscal woes
  • Author: Reuters
  • Date: 2024-08-09 18:55:50

Risk-averse investors shun Kenyan local debt, deepening fiscal woes

President William Ruto abandoned tax hikes worth more than Sh346 billion ($2.67 billion) after protests that killed more than 50 people.

Mbadi, Wandayi bid farewell to Parliament ahead of their swearing-in as CSs
  • Author: Maureen Kinyanjui
  • Date: 2024-08-08 08:57:09

Mbadi, Wandayi bid farewell to Parliament ahead of their swearing-in as CSs

Mbadi extended his gratitude to President William Ruto for nominating him to the position and also to his party leader, Raila, for shaping his political career.

Here's how Mbadi plans to eradicate controversies around loans, projects
  • Author: Mary Wambui
  • Date: 2024-08-03 11:39:31

Here's how Mbadi plans to eradicate controversies around loans, projects

"Those issues around Arror and Kimwarer and such-like projects will not happen during my tenure," he vowed.

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