Treasury Cabinet Secretary Njuguna Ndung'u Stories

Banks given 3 years to comply with Sh10bn capital threshold
Alfred Onyango  |  Jun 24, 2024

The goal is to strengthen the banking sector's resilience and increasebanks' capacity to finance large-scale projects, Treasury Cabinet Secretary Njug...

Senate Public Accounts Committee faults treasury over tax on foreign donor funds
Farhiya Hussein  |  Jun 19, 2024

Governor Abdulswamad Nassir of Mombasa emphasised the project's importance, citing the city's strategic position as a growing regional logistics hub.

Small banks face uncertainity in govt's plan to raise capital requirement ten times
Vincent Ombati  |  Jun 17, 2024

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...

Tourism, sports, culture budget doubles to Sh23.7bn for 2024/25 Fiscal Year
Farhiya Hussein  |  Jun 13, 2024

Ndung’u said the government plans to also focus on strengthening the infrastructure for arts and culture and supporting cultural production and the cr...

Treasury allocates Sh23.7 billion to manufacturing sector to boost job creation
Lucy Mumbi  |  Jun 13, 2024

He noted that through strong economic fundamentals, together with renewed investor confidence, a total of 848,200 new jobs were generated in the econo...

Treasury CS unveils Sh54.6 billion plan for agricultural transformation
Terry Muriuki  |  Jun 13, 2024

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

Sh193.4 billion earmarked for infrastructure in 2024/25 budget
Farhiya Hussein  |  Jun 13, 2024

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

2024/25 Budget: How Sh127bn will be allocated across different health sectors
Amina Wako  |  Jun 13, 2024

This marks the third consecutive year that the health sector has faced budget cuts.

Government increases borrowing target by Sh82.3bn ahead of budget speech
Amina Wako  |  Jun 13, 2024

The new borrowing target represents an increase from the previously stated Sh514.7 billion deficit that Prof Ndung’u had presented to the National Ass...

Relief for learners in ASALs as MPs restore school feeding programme 
Barack Oduor  |  May 27, 2024

The reinstatement of the Sh2 billion budget for the programme is a big relief to learners from regions hit by drought and famine, as the lack of basic...

Isiolo County promises to complete stalled headquarters after take-over
Waweru Wairimu  |  Apr 12, 2024

The construction of the county headquarters' five-storey building is being co-funded by the national and county governments, with the former shoulderi...

Unease as Treasury mulls milk, bread tax to raise revenue
Charity Kilei  |  Mar 14, 2024

Treasury Cabinet Secretary Njuguna Ndung'u argues for a more equitable sharing of tax responsibilities among citizens.

Money laundering: Treasury vows action as Kenya is placed on grey list
Barack Oduor  |  Feb 23, 2024

Ndung'u confirmed the recent developments, stating that the new rating necessitates Kenya to enhance monitoring to ensure compliance.

Government to sell Kenya Pipeline, KICC and 9 other state firms
Dennis Tarus  |  Nov 27, 2023

Last month, President William Ruto signed a revised privatisation bill into law that makes it easier to sell state enterprises to private companies.

Treasury CS Njuguna sounds alarm over Sh133.5bn projected revenue shortfall
Patel Okumu  |  Nov 20, 2023

Kenya's Treasury Cabinet Secretary, Njuguna Ndungu, has expressed concerns over a potential loss of Sh133.5 billion in projected revenue for the curre...

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