7TH October, 2016
By Maina Kigaga
Kenya has been making strong and decisive progress towards improving its business environment as part of efforts to attract foreign direct investments and create jobs.
1. With Ghana, once an African giant now under intensive care supervision by the International Monetary Fund (IMF), Mozambique’s IMF support package is under suspension, and many African countries hit by the declining commodity prices looking for international relief to avoid defaulting on concessional and commercial loans, where doe Kenya which has applied for standby loan facility stand in the debt distress scale?
Nairobi, July 12, 2016
Dr Geoffrey Mwau, Director General, Budget, Fiscal and Economic Affairs addresses the Press today Tuesday, July 12, 2016 when he jointly with International Monetary Fund (IMF) delegation from Washington DC, USA issued a press statement on Kenya's State of
Central Bank Of Kenya 50th Anniversary Celebrations At The Nairobi National Museum Remarks By Mr. Henry Rotich, Cabinet Secretary, The National Treasury September 14, 2016. Click to Download Speech Here...
Nairobi, KNA, July 16, 2016
National Treasury Cabinet Secretary Henry Rotich (Right) and Country Director, World Bank, Diarietou Gaye today, today, Monday, July 4, 2016 sign three credits and two grants totaling US$ 359.1 (Sh 36 billion) from the World Bank for the following three projects: (i) the Kenya Youth Empowerment and Opportunities Project of US$ 150 million (Sh 15 billion), (ii) Transforming Health Systems for Universal Health Care Project of US$ 191.1 million (Sh 19.1 billion), and (iii) the Eastern and Southern Africa Higher Education Centers of Excellence od US$ 18 million (Sh 1.8 billion) in a ceremony at the National Treasury Building in Nairobi. Rotich said the signing signifies the excellent bilateral relation between Kenya and the World Bank, which span since Kenya’s independence.
The National Treasury Cabinet Secretary Henry Rotich has said that according to the 2012 PFMR Act, counties should use at least 30 per cent of their budget allocation from the national Government for development purposes while the maximum amount of money to be used to pay salaries should not exceed 35 per cent of the same. The CS said this during the official opening of Public Sector Hearings for the FY2017/18 and the Medium-Term Budget at Kenya International Convention Centre today. View Photos
Opening Remarks By H.E. William Ruto EGH, EBS, Deputy President Of The Republic Of Kenya During The Central Bank Of Kenya Fifty Years Of Central Banking Symposium Held At The Radisson Blu Hotel Nairobi On September 13, 2016, it was read on his behalf by CS National Treasury , Mr. Henry Rotich. Click to Download The Speech.
Treasury Cabinet Secretary Henry Rotich (L) with his Principal Secretary Dr Kamau Thugge addresses the press today, Friday, June 24, 2016 during the signing ceremony for the completion of a transaction that will see the Essar Energy Overseas Limited exit the Kenya Petroleum Refineries Limited (KPRL) through selling their 50 percent shareholding to the Government of Kenya making the Government the owner of all the shares of the company. The Government of Kenya negotiated the terms of the Essar exit on the acquisition of the company's shares in KPRL for a consideration of USDollars 5 million (about Sh 500 Million).
Statement By Mr. Henry Rotich, EGH, Cabinet Secretary, National Treasury During The Second High Level Meeting (HLM2) Of The Global Partnership For Effective Development Cooperation (GPEDC) Breakfast Meeting With The Business Sector And Foundations On ‘Partnering For Successful HLM2” Held On 27th September 2016 At The Hotel Intercontinental Nairobi. Download The Full Speech View photos.
The Purpose of this Circular is to provide guidelines for the preparation and submission of FY2017/2018 -2019/2020 Medium Term Budget for State Corporations. These guidelines have been prepared in line with Treasury Circular No. 14/2016 dated July 13, 2016. Click Here to Download the Circular.pdf
The (National Assembly) Bills being discussed (Bills for Introduction to the National Assembly):The Proceeds of Crime and Anti-Money Laundering (Amendment) Bill, 2015; The Competition (Amendment) Bill, 2016; The Privatization (Amendment) Bill, 2016; The Insurance (Amendment) Bill, 2016; The Private Partnership (Amendment) Bill, 2016 and The Uwezo Kenya Fund Bill.
1. The Sugar Development Levy was scrapped during the 2016/17 budget speech. It used to cater for roads and bridges in the sugar belt. It was also cheap source of money for factories during maintenance. Out-grower companies also relied on it.
Cabinet Secretary, Mr. Henry Rotich and the British High Commissioner to Kenya, H.E. Mr. Nic Hailey today at the Treasury Building signed a Ksh. 41 billion Memorandum of Understanding to Support the Capacity and Development of Strategic Renewable Energy Projects in Kenya.
Annual Report to Parliament on Public Investments by Cabinet Secretary National Treasury 2015-2016FY - Treasury Circular No 16 - 2016. Click to download the circular....
His Excellency the Deputy President of the Republic of Kenya, Hon William Ruto cuts a ribbon during the launch of the Sector Working Groups (SWGs) for
the Financial Year 2017/2018 and Medium term at Kenyatta International Conference Centre, Nairobi.
The Government of the Federal Republic of Germany, represented by the Head of East Africa Division, Dr. Ralf-Matthias Mohs and the National Treasury Kenya Principal Secretary Dr. Kamau Thugge today signed a Joint Declaration of Intent on Technical Support for the Preparation of the Second High Level Meeting of Global Partnership for Effective Development Cooperation (HLM2 of GPEDC) to be hosted from 28th November - 1st December 2016 at KICC, Nairobi.
Speech By Mr. Henry Rotich,The Cabinet Secretary, The National Treasury During Official Opening Of CADFund East Africa Regional Office On 22nd September, 2016 At Crowne Plaza Hotel. Download Speech Here....
Nairobi, July 26
Tom Alex Majani, Deputy Director of Education makes a presentation on Kenya/ South Africa co-operation in education and science and technology to visiting military officers of South African National Defence College (SANDC) on regional study in Kenya at the Ministry of Education Jogoo House office ion Nairobi. The SANDC team had also presentation from the Ministry of Trade, Industry and Cooperatives on the Kenya/South Africa roles, organisations and relationships.