Treasury Stories

KNEC diverts rent savings to revive Mitihani House project whose construction started in 1986
Maureen Kinyanjui  |  Jul 29, 2025

The audit for the year ending June 2024 indicates that the Council used these internally generated funds to complete parts of Towers A and B, which ar...

Development spending slips below 10 per cent again, threatening jobs creation and infrastructure goals
Maureen Kinyanjui  |  Jul 29, 2025

This marks the second year in a row where the government has spent a single-digit share of its budget on capital projects, an indication that long-ter...

CS Mbadi fires back at critics over school capitation shortfall, pins blame on Parliament
Maureen Kinyanjui  |  Jul 26, 2025

Under current policy, students in day secondary schools should receive Sh22,000 per year, junior secondary students Sh15,000, and primary school pupil...

Kenya’s financial outlook steady amid strong Treasury bill demand and stable shilling - CBK
Maureen Kinyanjui  |  Jul 26, 2025

Foreign exchange reserves were reported at $10,749 million (Sh1.39 trillion), equivalent to 4.7 months of import cover.

CS John Mbadi pledges permanent placement for 20,000 intern teachers from January 2026
Maureen Kinyanjui  |  Jul 26, 2025

Appearing before the National Assembly Education Committee on Thursday, CS Mbadi said it was now his responsibility to ensure the recruitment goes ahe...

CS Mbadi under fire for saying State can’t fully fund free education
Barack Oduor  |  Jul 25, 2025

The Elimu Bora Working Group, through their Policy and Strategic Adviser Boaz Waruku, told the Eastleigh Voice on Friday that Mbadi’s revelation was u...

High Court declines to hear petition on Treasury tax exemptions, says Supreme Court has jurisdiction
Lucy Mumbi  |  Jul 23, 2025

Justice Chacha Mwita ruled that although the petition raised significant concerns regarding public finance and executive power, his court lacked juris...

MPs summon Treasury PS Chris Kiptoo over unaccounted eCitizen funds
Maureen Kinyanjui  |  Jul 23, 2025

Rarieda MP Otiende Amollo noted that recommendations to fix the system were made as early as 2017, but Treasury has failed to act.

Counties receive Sh7 billion to invest in green projects
Alfred Onyango  |  Jul 22, 2025

The funds will help county governments operationalise their County Climate Change Action Plans (CCCAPs) and invest in priority climate resilience init...

Delays worsen for retirees as debt pressure mounts amid Sh207 billion pension payout
Maureen Kinyanjui  |  Jul 22, 2025

In the financial year ending June 2025, the government spent Sh207.19 billion on pension and gratuities, representing a steep 39 per cent jump from th...

Kenya’s economy stable under Ruto, says Treasury CS Mbadi in response to Gachagua's claims
Lucy Mumbi  |  Jul 20, 2025

Mbadi, who took over as Treasury boss in August 2024 following the dismissal of several Cabinet Secretaries in the wake of the Finance Bill protests,...

Food security in Africa at risk without increased agriculture budgets, ministers warn
Maureen Kinyanjui  |  Jul 18, 2025

The ministers insist that without adequate funding, Africa will remain vulnerable to food shortages, environmental stress, and economic instability.

Judiciary calls for budget increase, says Sh20 billion deficit crippling functions
Maureen Kinyanjui  |  Jul 18, 2025

Chief Registrar Winfridah Mokaya revealed that the Judiciary received Sh22.42 billion in the 2023/2024 financial year against a required Sh43.17 bill...

Treasury CS John Mbadi faults parastatals for prioritising profits over public service
Maureen Kinyanjui  |  Jul 18, 2025

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.

EACC busts Sh10.5 million bribery ring at Treasury, arrests four officials
Maureen Kinyanjui  |  Jul 18, 2025

Those arrested include two Senior Pensions Officers, Henry Odhaimbo Otira and Catherine Muthoni Murage, Chief Clerical Officer Byrson Mark, and Wilken...

Counties under pressure as Treasury moves to curb misuse of funds with new single account system
Lucy Mumbi  |  Jul 18, 2025

While county leaders have raised concerns over losing financial independence, senators proposed a hybrid system, where the Treasury can monitor balanc...

Treasury CS Mbadi tells IEBC to cut costs, reuse equipment to curb rising election expenses
Lucy Mumbi  |  Jul 17, 2025

Mbadi said the government would not support wasteful procurement practices and urged the IEBC to reuse equipment such as ballot boxes and biometric ki...

PSs told to submit petty cash audit reports by August 14
Maureen Kinyanjui  |  Jul 17, 2025

In a letter sent to all PSs, Treasury Principal Secretary Chris Kiptoo instructed that consolidated audit reports, supported by all necessary document...

Universities Fund faces Sh9.6 billion deficit as pending bills soar to Sh72.2 billion
Lucy Mumbi  |  Jul 15, 2025

Appearing before the committee during an oversight visit to the agency’s headquarters in Nairobi, UF acting CEO Edwin Wanyonyi revealed that the agenc...

EACC recovers Sh67 million fraudulently paid as irregular allowances to Treasury official
Mary Wambui  |  Jul 15, 2025

Court found that the official had illegally and irregularly received public funds disguised as taskforce, extraneous, entertainment, facilitation, and...

Governors sound alarm as pending bills balloon to Sh172 billion
Maureen Kinyanjui  |  Jul 11, 2025

Council of Governors (CoG) chairperson Ahmed Abdullahi said unpaid bills had reached Sh172.51 billion by the end of the financial year, with Nairobi C...

Treasury disburses Sh68 billion to NG-CDF board, clearing all outstanding arrears
Lucy Mumbi  |  Jul 08, 2025

Treasury Cabinet Secretary John Mbadi announced the disbursement via his official X account, confirming that the release includes Sh13 billion owed fr...

Road Maintenance Levy Fund: Counties score big as Treasury disburses Sh3.6 billion
Maureen Kinyanjui  |  Jul 05, 2025

The funds, released on June 30, represent 35 per cent of the total Sh10.52 billion allocation owed to counties.

Kenya’s current account deficit surges to Sh66 billion - KNBS
Alfred Onyango  |  Jul 04, 2025

The latest figures by the Kenya National Bureau of Statistics (KNBS) show the country’s current account balance widened by 58 per cent, rising to Sh66...

Israel to fund part of Kenya’s military modernisation with Sh3.4 billion loan
Maureen Kinyanjui  |  Jul 02, 2025

The latest funding will support the acquisition of the Spyder Defence System, a high-tech surface-to-air missile system capable of intercepting aircra...

Government suspends all tenders, contract awards until e-GP launch
Lucy Mumbi  |  Jun 30, 2025

The new platform, developed under the Public Procurement and Asset Disposal Act, is expected to automate procurement activities from planning to payme...

Kenya faces fresh debt crisis as Treasury projects Sh253 billion revenue shortfall
Lucy Mumbi  |  Jun 29, 2025

According to documents submitted by the National Treasury, the Kenya Revenue Authority had collected Sh2.26 trillion by the end of April 2025, falling...

Treasury given 60-day ultimatum to deliver debt management framework
Maureen Kinyanjui  |  Jun 26, 2025

The legislators endorsed a report that lowers the Consolidated Fund Services (CFS) budget by Sh295.28 billion and gave the Treasury 60 days to publish...

Treasury fails to release Sh30 billion in pension payments- CoB
Maureen Kinyanjui  |  Jun 24, 2025

The delays come as the government struggles with a growing pension payout backlog, with the Treasury now under pressure to release Sh57.24 billion in...

Financial autonomy: Mombasa Governor Abdulswamad Nassir urges Ruto to empower counties
Farhiya Hussein  |  Jun 23, 2025

At present, most county assemblies do not receive funds directly from the National Treasury. Instead, they depend on governors and county finance depa...

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