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Treasury rejects sale of envoy home in New York

Nairobi, Feb. 20 -- The Treasury has rejected a plan by Foreign Affairs ministry to sell Kenya House, the official Ambassador's residence in New York. Documents tabled in Parliament show the Treasury... Read More


Susan Koech: CBK deputy governor nominee says she is ready to serve ahead of vetting by Parliament

Nairobi, Feb. 20 -- The only hurdle standing in the way of Dr Susan Koech becoming the second deputy governor of the Central Bank of Kenya (CBK) is Parliament, which has about 14 days to vet and appro... Read More


Susan Koech: CBK deputy governor nominee says ready to serve ahead of vetting

Nairobi, Feb. 20 -- The only hurdle standing in the way of Dr Susan Koech becoming the second deputy governor of the Central Bank of Kenya (CBK) is Parliament, which has about 14 days to vet and appro... Read More


Governors 'threaten' CoB in real-time expenditure push

Nairobi, Feb. 16 -- The Controller of Budget (CoB) says she has received threats from some governors in her quest to ensure prudent management of public finance after they have been released by the Ce... Read More


US issues Kenya a defaultnotice for Sh57bn KQ debt

Nairobi, Feb. 15 -- A US-backed financier has slapped the Treasury with a default notice for delayed payment of a Sh57.8 billion loan that the government guaranteed Kenya Airways. Chris Kiptoo, the T... Read More


Treasury bought Sh6bn stake in Telkom 4 days to elections

Nairobi, Feb. 14 -- The Treasury overruled the Controller of Budget and paid Sh6.09 billion to acquire a 60 percent stake in Telkom Kenya from a UK-based private equity fund, just four days before las... Read More


Gun-toting members blamed for row rocking scrap metal agency

Nairobi, Feb. 13 -- Gun-wielding members of the Scrap Metal Council are holding the operations of the regulator at ransom, making it difficult to make decisions necessary to implement the Scrap Metal ... Read More


Trading agency decries leaking warehouses

Nairobi, Feb. 13 -- The Kenya National Trading Corporation (KNTC) cannot store food crops in warehouses because they are leaking and in a deplorable state, a parliamentary team has been told. KNTC to... Read More


Ruto fixes CBK legal hitch with deputy governor appointment

Nairobi, Feb. 12 -- President William Ruto has picked former Wildlife PS Susan Koech as the second deputy governor of the Central Bank of Kenya (CBK), fixing a double legal hitch at the banking regula... Read More


New KCC asks for Sh3bn for milk powder reserve fund

Nairobi, Feb. 10 -- The New Kenya Cooperative Creameries (KCC) has asked Parliament to allocate Sh3 billion for the implementation of the Strategic Milk Powder Reserve Fund meant to stabilise prices d... Read More