National Treasury Stories

Audit exposes civil servants’ mismanagement of millions in imprests across ministries
Maureen Kinyanjui  |  Oct 15, 2025

The Institute of Certified Public Accountants of Kenya (ICPAK) says the problem has persisted for years despite repeated warnings from the Auditor-Gen...

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...

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...

Treasury rolls out new plan to expand financial inclusion in Northern Kenya
Maureen Kinyanjui  |  Oct 11, 2025

John Mbadi explained that the Central Bank of Kenya (CBK) and the Treasury are jointly driving reforms to ensure that residents of northern Kenya, par...

35 counties yet to adopt Treasury’s e-procurement system, says PS Odede
Maureen Kinyanjui  |  Oct 10, 2025

The resistance follows last month’s High Court suspension of circulars issued by the Treasury and the Public Procurement Regulatory Authority (PPRA),...

Kenya borrowing Sh32.4 million every hour as total public debt hits Sh12 trillion
Maureen Kinyanjui  |  Oct 09, 2025

The report, tabled on October 7, 2025, shows the loans break down to Sh23.9 billion per month, Sh776.6 million per day, Sh539,321 per minute, and near...

Treasury PS Kiptoo summoned over audit queries after missing 16 parliamentary invitations
Lucy Mumbi  |  Oct 08, 2025

The Committee said his repeated absences have hindered its oversight work on funds whose audit reports date as far back as the 2017/2018 financial yea...

Kenya confident of new IMF funding deal amid improved economic outlook
Alfred Onyango  |  Oct 08, 2025

The final details of the new IMF-funded program are expected to be announced following the conclusion of the talks on Thursday. The recently concluded...

Parliament approves plan to use KPC sale proceeds to settle liabilities, compensation claims
Maureen Kinyanjui  |  Oct 08, 2025

The policy also details other financial burdens, including an estimated Sh400 million loss from delays and procurement issues in the Mzima pipeline pr...

Kenya steps up sovereign credit reforms with plans to create rating committee
Alfred Onyango  |  Oct 07, 2025

The proposed committee will institutionalise a coordinated national approach to credit ratings, fostering structured, proactive engagement with credit...

Treasury distances itself from lecturers’ strike, blames Education Ministry and SRC
Lucy Mumbi  |  Oct 05, 2025

According to Treasury CS John Mbadi, the government released the agreed Sh4.3 billion to universities and a further Sh2.7 billion this year.

Kenya secures Sh193 billion loan to cut borrowing costs, boost stability
Maureen Kinyanjui  |  Oct 03, 2025

According to the Treasury, clearing the earlier debt avoids higher interest costs in the future and spreads repayments over a longer period, providing...

Pressure mounts on finance executives to operationalise County Assembly Funds
Maureen Kinyanjui  |  Oct 02, 2025

The law requires each county to set up a County Assembly Fund, managed by the clerk, to receive and retain all assembly monies. Any withdrawals must b...

Auditor General flags misuse of Sh6.5 billion emergency funds
Maureen Kinyanjui  |  Oct 01, 2025

Auditor General Nancy Gathungu issued a qualified opinion on the fund’s financial statements, citing unsupported expenditures, misuse of funds, and br...

Governors warn of service paralysis as e-procurement dispute deepens
Maureen Kinyanjui  |  Sep 30, 2025

The county chiefs now want the Treasury to dismantle the current system and hold fresh discussions on how to create a workable model.

IEBC declares preparedness for November 27 mini-polls as Treasury releases funds
Rachael Mutabasi  |  Sep 27, 2025

Ethekon added that discussions also covered preparations for the 2027 general election, voter registration exercises, and the upcoming campaign launch...

MPs demand clear plan as Treasury delays Sh864 million payments to media houses
Alfred Onyango  |  Sep 27, 2025

MPs sought to understand how GAA ensures that the information reaches the target audience across the country, even as the agency claimed it had saved...

MPs question proposed sale of East African Portland Cement shares to Tanzanian firm
Rachael Mutabasi  |  Sep 26, 2025

The EAPC Board warned that the sale could create concentrated ownership, granting Kalahari Cement, in association with Bamburi Cement, an effective 41...

Court orders equal pay for UHC nurses amid absorption plan
Maureen Kinyanjui  |  Sep 26, 2025

Justice Stella Rutto said the Ministry of Health and the Public Service Commission (PSC) must ensure that nurses performing the same roles receive equ...

No new levies in 2026 budget as Treasury focuses on improving revenue efficiency
Maureen Kinyanjui  |  Sep 25, 2025

Revenue for the coming financial year is projected at Sh3.58 trillion, while planned expenditure is Sh4.64 trillion, leaving a Sh1 trillion budget gap...

Private sector credit surges to Sh10.7 billion in June as lending recovers
Maureen Kinyanjui  |  Sep 24, 2025

Further, the CBK’s consecutive reductions in the indicative lending rate, including the latest cut to 9.50 per cent in August, made loans more afforda...

Treasury announces Sh21.1 billion cut to 2025-26 budget amid revenue shortfalls
Maureen Kinyanjui  |  Sep 24, 2025

The shortfall reflects lingering economic disruptions from the 2024-25 fiscal year, when the withdrawal of the Finance Bill 2024 and months of protest...

Counties accuse Treasury of over-control, blame e-procurement for slow services
Lucy Mumbi  |  Sep 24, 2025

The governors have accused the Treasury of ignoring their concerns and failing to demonstrate where the e-procurement system is functioning successful...

Treasury slashes revenue targets, signals higher borrowing ahead
Maureen Kinyanjui  |  Sep 23, 2025

Tax collections alone were Sh76 billion short, with income tax contributing the largest deficit of Sh32.1 billion. Treasury also cited the withdrawal...

Kenya’s economy expanded by 4.9 per cent in first quarter of 2025, says Treasury PS Kiptoo
Maureen Kinyanjui  |  Sep 20, 2025

The PS highlighted the vital role of insurance and reinsurance in promoting financial stability and pledged government support for inclusive and innov...

Treasury to launch debt automation system, single account on October 1
Maureen Kinyanjui  |  Sep 19, 2025

TSA will enable daily, real-time monitoring of all government funds, reduce account fragmentation, and close gaps that previously allowed the misuse o...

Treasury CS Mbadi: E-procurement rollout will proceed despite High Court suspension
Lucy Mumbi  |  Sep 19, 2025

CS Mbadi argued that manual procurement systems have been a major source of corruption and revenue loss.

Governor Johnson Sakaja blames Treasury for delayed county salaries
Maureen Kinyanjui  |  Sep 18, 2025

Governor Johnson Sakaja said the county has not received its equitable share for the past two months, forcing a reliance on local revenue that is insu...

Treasury disburses Sh2.6 billion to boost recovery of MSMEs
Maureen Kinyanjui  |  Sep 13, 2025

The five-year Sh7.1 billion initiative was designed to fill financing gaps in the MSME sector, gaps that widened during the Covid-19 pandemic.

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