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China allows Kenya to skip Ksh.27B in debt repayments
By Kepha Muiruri, 1451, January 20, 2021 (EAT)
Kenya’s top creditor China has allowed Kenya to skip Ksh.27 billion in debt repayments falling due between January and June this year. The freeze...

china , debt
Broke Treasury blames COVID-19 for delayed county funding
By Kepha Muiruri, 1551, January 14, 2021 (EAT)
The National Treasury has blamed the evolving COVID-19 virus for the delayed disbursement of funds to county governments which have since fallen behin...

County Funding. , COVID-19 , National Treasury
After sitting on the fence, Kenya takes up debt-suspension offer
By Kepha Muiruri, 1839, January 11, 2021 (EAT)
Kenya has agreed to take up the debt service suspension initiative (DSSI) after tiptoeing around the deal for months. The Paris Club which represen...

debt service suspension initiative (DSSI) , Kenya's debt , National Treasury
Low profit margin firms ‘punished’ in minimum tax roll out
By Kepha Muiruri, 1821, January 5, 2021 (EAT)
High turnover but low profit margin yielding firms are expected to see the bitter end of the minimum tax effected at the start of the year. This is...

minimum tax , National Treasury
2020 review: On public debt, it’s from the frying pan towards fire
By Kepha Muiruri, 1028, December 31, 2020 (EAT)
In a nutshell, Kenya’s stock of public debt stood at Ksh.1.3 trillion a decade ago, today, this stock has climbed to Ksh.7.1 trillion as of Septembe...

2020 Year in Review , CS Ukur Yatani , National Treasury , Public debt
President Kenyatta, Ethiopia PM Abiy Ahmed inaugurate Moyale border post
By PSCU, 1551, December 9, 2020 (EAT)
President Uhuru Kenyatta and visiting Ethiopia PM Abiy Ahmed on Wednesday inaugurated the Moyale One-Stop Border Post (OSBP). Also inaugurated is t...

Abiy Ahmed , Ethiopia , Moyale border post , Moyale One-Stop Border Post
Ethiopia PM Abiy Ahmed begins two-day State visit to Kenya
By PSCU, 1317, December 9, 2020 (EAT)
Ethiopia Prime Minister Abiy Ahmed on Wednesday began his two-day visit to Kenya. President Uhuru Kenyatta received Dr. Ahmed at the Moyale One-Sto...

Abiy Ahmed , Ethiopia , tigray
Treasury unveils SME credit guarantee program
By Kepha Muiruri, 1632, December 8, 2020 (EAT)
The National Treasury has unveiled the long awaited small and medium enterprises (SME) credit guarantee scheme signalling relief for struggling small-...

National Treaasury , SME credit guarantee scheme
Treasury ends COVID-19 tax relief measures to recover lost revenues
By Kepha Muiruri, 1612, December 4, 2020 (EAT)
The National Treasury has moved to cut off COVID-19 tax relief measures effective from January, 2021 as it seeks to reinstate lost government revenues...

COID-19 , PAYE , tax rief measures , VAT
Kenya seeks three and a half year access to IMF emergency loans
By Kepha Muiruri, 1054, November 21, 2020 (EAT)
Kenya is in deep talks with the International Monetary Fund (IMF) over the access of emergency bail out loans over the next three and a half years, th...

CS Ukur Yatani , debt , International Monetary Fund (IMF) , National Treasury
Kenya plans to defer Ksh.75B in debt payments under G20 coronavirus initiative
By Reuters, 1009, November 19, 2020 (EAT)
Kenya has changed its mind about a G20 coronavirus debt relief initiative it declined to join earlier this year. The country is now planning to def...

coronavirus , G20 Debt Service Suspension Initiative , Ukur Yatani
Gov’t rolls out first comprehensive insurance cover for civil servants, NYS
By Citizen Reporter, 1807, November 18, 2020 (EAT)
The Government has rolled out Kenya's first comprehensive insurance cover for civil servants and the National Youth Service (NYS). National Treasur...

insurance cover , NHIF , NYS , Yatani
President Kenyatta says public servants should focus on service delivery
By PSCU, 1607, November 10, 2020 (EAT)
President Uhuru Kenyatta has reminded public servants to focus on serving wananchi and avoid creating unnecessary bottlenecks that slow down service d...

Kenya Railways transit shed , Uhuru
You’ve helped Gov’t meet its financial obligations, Uhuru commends taxpayers
By PSCU, 1616, November 6, 2020 (EAT)
President Uhuru Kenyatta has commended all compliant taxpayers for their high sense of civic duty and fidelity to the tax laws that has afforded the c...

KRA , tax , TAXPAYERS , Uhuru kenyatta
Treasury CS Yatani raises 2020/21 budget to Ksh.2.9trillion
By Kepha Muiruri, 1330, October 19, 2020 (EAT)
Treasury Cabinet Secretary Ukur Yatani is expected to submit a revised Ksh.2.92 trillion 2020/21 supplementary budget for approval by the National Ass...

budget , National Treasury , Ukur Yatani
Uhuru signs 2020/21 county revenue allocation bill into law
By PSCU, 1342, October 8, 2020 (EAT)
President Uhuru Kenyatta has signed into law the 2020/2021 County Revenue Allocation Bill paving the way for the disbursement of exchequer funds to th...

County Revenue Allocation Bill
Treasury seeks to push borrowing to Ksh.951.4 billion
By Kepha Muiruri, 1606, September 11, 2020 (EAT)
The National Treasury has proposed to push its planned borrowing across the 2020/21 fiscal year by 13.1 per cent to Ksh.951.4 billion from a previous ...

borrowing , coronavirus , Kenya's public debt , National Treasury
President Kenyatta: Economy doing far better than anticipated in spite of COVID-19
By Kepha Muiruri, 1807, August 26, 2020 (EAT)
President Uhuru Kenyatta now says the economy is performing far much better than anticipated in spite of a general slump triggered by the COVID-19 pan...

COVID-19 , economy , patrick njoroge , President Uhuru Kenyatta
Gov’t to set annual debt limit to tame runaway borrowing
By Kepha Muiruri, 1608, July 27, 2020 (EAT)
The government is expected to set an annual debt limit through its fiscal monitoring agencies and Parliament to contain outlandish borrowing. The n...

debt , National Treasury , Public Debt Management Office (PDMO)
Covid-19: Ailing economy forces Uhuru’s hand in re-opening country
By Kepha Muiruri, 1753, July 6, 2020 (EAT)
Caught between a rock and a hard place in reviewing existing COVID-19 mitigation measures, President Uhuru Kenya inclined on easing the pressure place...

COVID-19 , Kenya's economy , President Uhuru Kenyatta