Hard truths.
Last year, a three-judge bench declared the NGCDF Act unconstitutional, stating it breached the principle of separation of powers. The court directed that all projects, programmes, and activities under the fund...
The EAPC Board warned that the sale could create concentrated ownership, granting Kalahari Cement, in association with Bamburi Cement, an effective 41.7% control of EAPC.
The government expects to collect Sh3.58 trillion in revenue next year, compared with projected spending of Sh4.64 trillion, leaving a gap of Sh1 trillion to be financed through borrowing.
The Controller of Budget (CoB), Margaret Nyakang’o, revealed that Nairobi, Mombasa, Nyandarua, Turkana, Narok and Bungoma were among those that did not seek approval to withdraw salaries from the Central Bank o...
The Digital Debt Automation System will gather all loans from both national and county governments into a single platform.
The controversy centres on payments linked to a contract between the ICT Authority and the consortium of Webmasters Kenya Limited, PesaFlow Limited, and Olive Tree Media Limited. Auditor General Nancy Gathungu’...
The report reveals that only a small number of citizens believe the bill will improve public services, with the majority reporting a negative impact on their finances.
The new proposal marks a major shift from earlier regulations published on May 30, which had placed the retail price of spirits at between Sh1,000 and Sh1,200 per litre for them to access excise duty remission.
CS Mbadi disclosed that 30 counties have already joined the platform, while another 10 are awaiting approval from the Controller of Budget.
Domestic lenders accounted for the bulk of debt service in the year under review. Of the Sh1.7 trillion spent on public debt, Sh992.4 billion went to domestic creditors, with interest payments forming the large...
The allocations were approved under Article 223 of the Constitution, which permits emergency spending on unforeseen needs outside Parliament’s original budget.
Data indicates that net domestic borrowing hit Sh854.5 billion, against the original target of Sh263.2 billion, as authorities leaned heavily on local lenders to fill the financing gap.