News

 

Nairobi, 10th June, 2019

 

Cooperation between Kenya and Spain especially on Kenya's Big Four Plan and promotion of trade and investments will go a notch higher. This was revealed during a meeting held between The National Treasury and Planning Cabinet Secretary, Henry Rotich and a Spanish delegation led by H.E. Joseph Borrell, the Minister for Foreign Affairs, European Union and Cooperation of Spain at the Treasury Building, today. This is the first visit of a Spanish Minister of Foreign Affairs to Kenya in 40 years.

 

 

Nairobi, February 17, 2019

 

The National Treasury and Planning Cabinet Secretary, Henry Rotich, today led his staff in registering for the Huduma Namba at the building in Nairobi. The CS urged the public to turn up in large numbers during the ongoing registration under the National Integrated Identity Management System (NIIMS). More than 8 million people have registered in the countrywide registration process.

 

 

Nairobi, 23rd January, 2019

 

Cabinet Secretary National Treasury and Planning Henry Rotich during the signing of a Loan agreement with the Ambassador of the Republic of France in Kenya Aline Kuster-Menager at Treasury building today 23rd January 2019. The loan amounting to Kshs.3,510,000,000 will support the
implementation of the Public Financial Management Reform Strategy and strengthen governance for enabling delivery and public investment in
Kenya.For the last 20 year France through AFD has been a leading bilateral development partner to the Kenyan government and has made commitments amounting to Kshs.264,000,000,000

 

 

Nairobi, 7th June, 2019

 

The National Treasury and Planning Cabinet Secretary, Henry Rotich today held a meeting with United Nations (UN) World Food Programme (WFP) officials led by Stanlake Samkange, Senior Director for Strategic Coordination and Support at the Treasury Building. Their topic of discussion was; "Concept on creating one million jobs in Africa and Globally: Closing the SDG Data Gap and advancing digital literacy" initiative by investigating the Specific Country needs. The Objective of WFP proposal is to support at least one million jobs for youth aged 18-35 in Africa and other parts of the world.

The effort aims to improve the economic situation and livelihoods of these young people and their families, many of whom are vulnerable and food insecure, while filling data gaps for SDG indicators and national and regional development agendas, and creating further opportunities for digital learning and skills development among youth.

 

 

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Kenya has come a long way in the development of strong governance frameworks for the various subsectors in the larger financial services industry. Specifically, with regard to the unclaimed financial assets regime, the regulatory framework conceived over seven years ago has witnessed considerable achievements that are now reflected in the work of the Unclaimed Financial Assets Authority (UFAA). These achievements, however, need to be accompanied by a robust reunification strategy, which is the most important pillar of the unclaimed financial assets regime. During the period of implementation of the Unclaimed Financial Assets Act, 2011 a lot of valuable lessons have been learnt and gaps identified in the original idea reflected in the architecture of the Act. It is against this backdrop that the Government has drafted this comprehensive policy on unclaimed financial assets. The policy is intended to strengthen the unclaimed financial assets regime in Kenya and guide further review and amendments to the relevant existing laws and regulations.

 

 

Nairobi, January 23, 2019

 

The National Treasury and Planning Cabinet Secretary, Henry Rotich today held a press briefing at a Nairobi hotel on the upcoming 2019 Population and Housing Census. Rotich reiterated that this years event will be digital and the gadgets used will eventually be handed over for the Digital Literacy
Programme.

 

The cost of the Census that will be held on the night of 24/25 August 2019 is estimated to be 18 billion Kenya shillings. Recruitment of enumerators, to be done at the Sub-County level, commences on June, thus advising Kenyans to be aware of the ongoing false recruitment in the social media.

 

 

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Nairobi, 30th May, 2019

 

This is to notify the general public that the Budge Statement for the Fiscal Year 2019/20 Budget will be delivered by the Cabinet Secretary, National Treasury and Planning, in the National Assembly on Thursday, the 13th June, 2019 at 3:00p.m

 

Dr. Kamau Thugge, CBS

Principal Secretary/ National Treasury

 

 

In accordance with Article 201(a) of the Constitution which requires openness, accountability and public participation in financial matters, the National Treasury, through a Public Notice published in My GOV on 20th November, 27th November and 4th December, 2018, invited institutions, the private sector, non-governmental organizations and individuals to submit proposals on economic policy measures including taxation proposals for consideration by the Cabinet Secretary for the National Treasury and Planning in preparing the National Fiscal Budget for the Financial Year 2019/2020.

 

 

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Nairobi, May 22nd, 2019

 

The Government outlined four key development priorities (The BIG 4 Agenda) for implementation over a five-year period (2018- 2022). Key among this is Affordable Housing with a target to deliver at least 500,000 affordable housing units in major cities around the country.

 

 

 

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Nairobi, February 14, 2019

 

 

The Principal Secretary State Department of Planning Dr. Julius M. Muia speaks to stakeholders during the kickoff of the Cost of Hunger in Africa (COHA) Kenya study at the Kenyatta International Convention Centre. The study seeks to raise the profile on the economic and social impacts of child undernutrition in Africa focusing on health, education and labour productivity sectors.

 

 

Key stakeholders at the Cost of Hunger in Africa Kenya study follow keenly the proceedings of the Cost of Hunger in Africa Kenya Study kick off at the Kenyatta International Convention Centre (KICC).

 

 

Nairobi, January 14, 2019

 

 

National Treasury Cabinet Secretary, Henry Rotich (Right) with The Slovak Republic Ambassador to Kenya, Frantisek Dlhopolcek discuss today, January 14, 2019 when they signed agreement on development cooperation between the Government of Kenya and the Government of Slovak Republic at the National Treasury office, National Treasury building in Nairobi. Rotich said Kenya has cumulatively received Sh 5.8 million Euros of Slovak Aid since 2004, and Euros of Slovak 1.2 million from the Slovak National Program for Official Development Assistance in 2013, adding that most of the Slovak Aid is channeled through NGOs and other through public institutions.

 

 

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Nairobi, May 15th, 2019

 

1. The Government of Kenya, acting through the National Treasury and Planning, has successfully priced a new US dollar 2.1 billion, dual-tranche Eurobond of 7-year and 12-year tenors on 15th May 2019 in London, United Kingdom.

 

 

Nairobi, February 14, 2019

 

 

National Treasury and Planning  ,Cabinet  Secretary ,Henry Rotich giving his keynote address during the 7th African Fiscal Forum  on Leveraging Fiscal Policy to Manage Risks and Support Inclusive Growth  today 14th  February 2019 at Radission Blu Hotel.

 

 

 

Ambassador of the European Union to the Republic of Kenya, Stefano Dejak giving his remarks during the 7th African Fiscal Forum on Leveraging Fiscal Policy to Manage Risks and Support Inclusive Growth today 14th   February 2019 at Radission Blu Hotel.

 

 

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Nairobi, January 10, 2019

 

Section 25 of the Public Finance Management (PFM) Act, 2012 requires the National Treasury to seek and take into account the views of stakeholders and the public in preparing the Budget Policy Statement (BPS) before submission to Cabinet for approval and subsequently submission to Parliament.

 

In particular, Section 25 of PFM Act requires the National Treasury to seek views of the following:

(a)       The Commission on Revenue Allocation;

(b)       County Governments;

(c)       Controller of Budget;

(d)       The Parliamentary Service Commission;

(e)       The Judicial Service Commission;

(f)        The Public; and

(g)       Any other interested persons or groups.

 

We have now finalized the  Draft 2019 Budget Policy Statement for the MTEF FY 2019/20 - 2021/22 budget which is available at the National Treasury website www.treasury.go.ke  The purpose of this press release is to invite general and specific comments on the Draft 2019 Budget Policy Statement to enable us finalise the document and seek Cabinet approval.

 

Please share your comments with the National Treasury by close of business, 25th January, 2019. You may forward your comments through the email address: This email address is being protected from spambots. You need JavaScript enabled to view it..

 

DR. KAMAU THUGGE, CBS

PRINCIPAL SECRETARY/THE NATIONAL TREASURY

 

 

Nairobi, May 7th, 2019

 

"The National Treasury will censure state corporations that fail to remit pension deductions to their pension schemes in a timely manner," said The National Treasury and Planning Cabinet Secretary, Henry Rotich during the launch of the Retirement Benefits Authority 5th five-year Strategic Plan 2019-2024 at the K.I.C.C today. Rotich added that the Government is committed to commencing the contributory Public Sector Superannuation Scheme.

 

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Nairobi, February 8, 2019

 

The Constitution of Kenya requires the Cabinet Secretary to seek views of stakeholders and the public on matters relating to public finance.

 

The National Treasury has developed a draft Kenya Sovereign Wealth Fund Bill, 2019 and draft Kenya Sovereign Wealth Fund Policy which provide a framework for management of natural resource revenues. The draft bill and policy are available on the National Treasury website www.treasury.go.ke. The purpose of this press release is to invite comments on the draft Kenya Sovereign Wealth Fund Bill and the draft Kenya Sovereign Wealth Fund Policy to facilitate finalization.

 

The comments should be submitted to the undersigned or through the email address This email address is being protected from spambots. You need JavaScript enabled to view it. by 26th February 2019.

 

DR. KAMAU THUGGE, CBS

PRINCIPAL SECRETARY/NATIONAL TREASURY

 

 

Nairobi, December 18, 2018

 

 

Cabinet Secretary Ministry of Public Service Youth and Gender, Prof. Margaret Kobia presents a Certificate of Recognition to Mr. Erastus Wahome, Senior Deputy Director , Sectoral Affairs Division and his team at the National Treasury & Planning for their leadership in focused citizen service delivery under the Regional Integration Implementation Programme. The ceremony took place today during the 2018 Public Service Excellence Awards held at Kenyatta International Convention.

 

 

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Nairobi, April 24, 2019

 

The National Treasury and Planning Cabinet Secretary, Henry Rotich has commended The African Capacity Building Foundation - ACBF for the role they have played over the last three decades in addressing Africa’s capacity challenges. This was during the Official Opening of the 2019 African Think Tanks Summit held at KICC today.

 

 

Nairobi, February 5, 2019

 

The National Treasury is contributing to the Affordable Housing Pillar of the BIG 4 Agenda by supporting the establishment of a liquidity facility (Kenya Mortgage Refinance Company) in order to increase access to liquidity and longer-term funds for Banks and SACCOs to lend towards residential mortgages in Kenya. In order to operationalize the company’s lending operations, a draft Master Refinance Agreement (MRA) was drafted. The MRA is a framework legal document that sets the general terms of engagement between KMRC and primary mortgage lenders in relation to refinancing of mortgages.