How Sh200bn mini budget cash will be shared

Nairobi, March 2 -- Junior secondary schools, National Government-Constituencies Development Fund, roads, drought-hit populations, and farmers are the biggest winners after MPs approved a Bill authori... Read More

Deputy CBK boss nominee wants rates cap reinstated

Nairobi, March 1 -- MPs should bring back a law capping interest rates to bring down the cost of loans, the nominee for the post of Deputy Governor of the Central Bank of Kenya (CBK) Susan Jemutai Koe... Read More

Parastatal bosses on the spot over public funds

Nairobi, Feb. 27 -- Top executives of six key parastatals have been summoned by MPs to answer queries about the mismanagement of public resources in their institutions detailed in audit reports of Aud... Read More

Taxpayers part with Sh3.4bn for undrawn foreign loans

Nairobi, Feb. 27 -- The government has paid Sh3.35 billion in commitment fees on undrawn loans contracted by the Treasury with foreign lenders in the last three years. The National Assembly's committ... Read More

State risks Sh322m on delayed effluent treatment plant

Nairobi, Feb. 27 -- A contractor hired to build an effluent treatment plant at Kenanie Leather Park in Athi River is demanding Sh322 million in unpaid dues from the government, saying that the overdue... Read More

MPs open probe on pending bill claims by Budget controller

Nairobi, Feb. 23 -- Parliament is investigating allegations of diverting payments meant for suppliers blamed for the growing pending bills that stood at Sh646.8 billion as of December last year. Marg... Read More

Swiss security printer to bag Sh2bn for excise duty stamps

Nairobi, Feb. 22 -- Swiss multinational security printer, Sicpa, is set to pocket Sh2 billion from the taxman as part of a settlement of pending bills for the supply of excise duty stamps. The Treasu... Read More

NIS fights Sh10bn budget cut in austerity reviews

Nairobi, Feb. 21 -- Kenya's spy agency has warned Parliament against effecting a Sh10 billion budget cut, arguing it will hit its efforts to secure the country against security threats including terro... Read More

KQ bailout cut further by Sh1bn

Nairobi, Feb. 21 -- Parliament has slashed a further Sh1 billion from the financial support to Kenya Airways (KQ), dealing the struggling national carrier a blow. The Treasury had in the supplementar... Read More

MPs censure Treasury on Sh6bn Telkom deal

Nairobi, Feb. 21 -- Top Treasury officials who approved the withdrawal of Sh6.14 billion four days before last year's general elections to buy out private equity firm Helios in Telkom Kenya risk repay... Read More