News

itaxKenya Revenue Authority (KRA) has set up an iTax Support Centre in Nakuru town to help taxpayers apply for pin registration, file returns and make enquiries.
Nakuru Deputy Governor Mr. Joseph Ruto said the county is automating tax collection, adding that it has implemented successfully automation of payment for a single business permit.

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Cabinet Secretary, The National Treasury, Henry Rotich  makes keynote address today, Wednesday, August 26, 2015 during the Launch of the Sector Working Groups and Preparation of 2016/2017 -2018/2019 Medium Term Budget at the Kenyatta International Convention Center in Nairobi.

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Cabinet Secretary Planning and Devolution, Anne Waiguru makes her remarks today, Wednesday, August 26, 2015 during the Launch of the Sector Working Groups and Preparation of 2016/2017 -2018/2019 Medium Term Budget at the Kenyatta International Convention Center in Nairobi.

The National Treasury has rolled out Integrated Financial Management Information System (IFMIS) electronic procurement (e-procurement) throughout the country to serve Kenyans effectively on issues relating to public procurement.
National Treasury Cabinet Secretary Mr. Henry Rotich, said the IFMIS e-Procurement module will also enhance transparency and accountability in procurement process from procurement planning, requisition, sourcing, and to payment.

Kenya has introduced Public Private Partnerships (PPPs) to spur the participation of the private sector in infrastructure development in the country.
The Director of Public Private Partnerships (PPPs) in the National Treasury Engineer Stanley Kamau, said the introduction of PPPs projects in Kenya’s infrastructure development is a major milestone for the government in providing services at an accelerated and an affordable rate.
In an interview with the media at the National Treasury, Engineer Kamau said the PPPs infrastructure projects the government has engaged are unique because it is the first time projects have deviated from the traditional procurement process.

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Cabinet Secretary, the National Treasury, Henry Rotich makes opening remarks today, Monday, August 24, 2015 when he officially opened a one-day IFMIS e-procurement Training for County Assemblies Clerks at the Kenya School of Monetary Studies in Nairobi.

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Chairman, the Societies of the Clerks of County Assemblies Edward Libedi makes his remarks today, Monday, August 24, 2015 during the official opening of a one-day IFMIS e-procurement Training for County Assemblies Clerks at the Kenya School of Monetary Studies in Nairobi.

The Procurement In-Service Curriculum Stakeholders’ Forum held at the Kenya School of Government Nairobi (KSG) was in line with our country’s development agenda and more so Vision 2030 blueprint.
The ultimate goal of the Vision is to transform Kenya into a middle income country by 2030. This can only be achieved by providing the relevant skills to the procurement officers through appropriate training.
The Director of Procurement in the National Treasury Mr. Erick Korir, who moderated the Procurement In-Service Curriculum Stakeholders’ Forum recently at KSG, said he was impressed by procurement officers noble idea to revise the curriculum which solely focusses on equipping them with requisite skills and competencies through curriculum review.

Kenya will be the first African country to host the sixth Tokyo International Conference on African Development (TICAD) Yokohama Action Plan in Nairobi during the second half of 2016. This will enable Kenya to strategize on the best methods to seek financial and technical support from Japan within the framework of TICAD initiative to implement priority projects in line with the Vision 2030 blue print.
The country will also utilize the forthcoming Kenya/Japan Annual Bilateral Consultations for Economic Cooperation for 2015/2016 financial year to discuss areas of future cooperation and other issues of mutual interest between the two countries.

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Cabinet Secretary Nnational treasury Henry Rotich makes opening remarks as he officially opens the e-Procurement overview for Council of governors in safari park, Nairobi ,Thursday, August 20, 2015.

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Wycliffe Oparanya, Chairman Finance, Planning and Economic Affairs Committee makes his remarks during the opening of  the e-Procurement overview for Council of governors in safari park, Nairobi ,Thursday, August 20, 2015.

Cash-strapped companies partly owned by the Government have put up some of their assets for sale in a bid to stay afloat and also to help them focus on their core mandate.
These cash-strapped companies include Kenya Airways (KQ), National Bank of Kenya (NBK), Uchumi Supermarkets and Telkom Kenya.
Kenya Airways is expected to raise about Sh10 billion from the sale of seven of its 52 aircraft and part of its prime land in Embakasi to cut debts it owes suppliers.

Kenya Airways board and the top management future hangs in the balance in a drastic plan meant to return the national airline on the path to profitability.
The government is preparing a “turnaround plan” aimed at making the carrier that has been in the red over the last three years return to profit. National Treasury Cabinet Secretary Mr. Henry Rotich yesterday told a senate committee that the plan was at an advanced stage.

DSC 6926Participants(CEC's)  follow proceedings during the opening a one-day IFMIS E-Procurement Overview for County Executive Committee members - finance and Clerks of County Assemblies workshop today, August 18, 2015 at the Kenya school of Monetary Studies.






Treasury, August 25,2015: By Joseph Kipkoech.
Japan’s development cooperation growth portfolio to Kenya from independence to date stands at Ksh469.5 billion. Over the years, the projects that have benefited from the Japanese development assistance include Jomo Kenyatta University of Agriculture and Technology, and Kenya Medical Research Institute which have provided leadership in technology and innovation, and medical research respectively.
Others include the construction of the Nairobi Missing Road Links Project, Embu Water Supply and Kapsabet town water development system.

Kenya’s sound macroeconomic management and economic resilience built over the years has enabled the country to maintain strong economic growth and stability.
The Director General of Budget, Fiscal and Economic Affairs in the National Treasury Dr. Geoffrey Mwau, said Kenya’s economic growth prospects continues to remain stable due to the strong foundation of economic transformation.

Budget Sector Working groups urged to uphold hard budget constraint in view of scarce resources for allocation
Budget Sector Working groups (SWGs) preparing 2016/18 financial years Medium-term expenditure framework have been urged to uphold hard budget constraint in view of the limited available resources for allocation.
Director of Budget in the National Treasury Mr. Francis Anyona said expenditure requests outside the Sector Working groups will not be considered anymore by the Ministry in view of the scarce resources.

The National Treasury will launch the Sector Working groups tomorrow to mark the commencement of the preparation of 2016/17-2018/19 medium-term budget process.
The National Treasury Principal Secretary Dr. Kamau Thugge, said the launch will take place at Kenyatta International Convention Centre (KICC) as from 8.30 a.m. to 1.00 p.m.
In a press release to the media, Dr. Thugge said Accounting Officers and invited guests should attend the launch in order to present their views on the budget issues to be discussed.

KRA Times TowerThe Kenya Revenue Authority (KRA) collected Ksh76.83 billion in taxes last month. The continuing focus on growing inflows from the excise duty streams through ongoing crackdown on manufacturers.
Statement of actual revenue published by National Treasury Cabinet Secretary Mr. Henry Rotich, indicates the taxman had a good start to the financial year that begun in July.
Full year target is Ksh1.215 trillion, which is 16.19 percent or Ksh170 billion higher than the Ksh1.05 trillion target for last fiscal year ended June 30.

Economic growthThe Government strives to achieve between seven to 10 per cent of sustained economic growth as stipulated by the Budget Policy Statement and Vision 2030.
National Treasury Cabinet Secretary Mr. Henry Rotich said investments in both public and private sectors of the economy will be scaled up in order to achieve the desired economic growth rate.

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Director of Procurement
Appropriate training and provision of requisite skills to the supply chain management officers in the public sector is the right step in enhancing prudent use of resources and service delivery in the country.
Director of Public Procurement in the National Treasury Mr. Erick Korir, said the government revised the public procurement curriculum to enhance skills and competencies of supply chain management officers which had been on the spotlight by the public and development partners.

Ministries, State Departments and Agencies (MDAs) have been urged to assign experienced and competent officers who are able to spearhead budget making process in a bid to ensure that the government policies and programmes are well captured and funded accordingly.
National Treasury Principal Secretary Dr. Kamau Thugge said such officers include MDAs’ heads of budget, accounting, finance, planning, and human resource management and development.

KRA Times TowerThe Kenya Revenue Authority (KRA) has given manufacturers and importers of excisable goods among them Mumias Sugar Company and Keroche Breweries, that have not acquired licences, two months to comply.
In a joint statement with the Kenya Association of Manufacturers (KAM), the taxman said manufacturers who have faced difficulties in accessing county government letters of appointment have a 64 day reprieve from the date of licensing.