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).
Mombasa County Deputy Governor, Hazel Katana explains to the National Treasury Cabinet Secretary, Henry Rotich about the ease of doing business in her County at an exhibition prior to the Official Opening of the Ease of Doing Business Initiative Conference 2016 in a Nairobi Hotel today. The Conference with a theme "Digitising Government Business- Leveraging ICT to enhance the Business Environment" hosted by the World Bank Group had an attendance of 26 countries.
Five-day 23rd ESAAG International Conference opens at the KICC, Nairobi
Cabinet Secretary, National Treasury, Henry Rotich delivers the keynote address today, Monday, March 7, 2016 as he officially opens the five-day (March 7-11) 23rd Eastern Southern Africa Accounts-General (ESAAG) Annual International Conference at the Kenyatta International Convention Centre. The theme of the conference, "Fostering economic development through innovative Public Financial Management (PFM) practices" . The conference draws together accountants-general from Eastern and Southern Africa.
Treasury Cabinet Secretary Hanry Rotich arrives (2nd Left) accompanied by the Chair, LAPFUND Board Silas Muriuki (Left), CEO and Secretary, LAPFUND Board, David Koross and Lewis Nguyai, Board Member, LAPFUND, arrives to officiate the 8th Local Authorities Provident Fund (LAPFUND) AGM today, Saturday, April 30, 2016 at Sarova White Sands in Mombasa. The LAPFUND was established under the Loacal Authorities Provident Fund Act on July 5, 1960.
Cabinet Secretary, National Treasury, Henry Rotich delivers keynote address to officially open two-day 3rd Regional Credit Information Sharing (CIS) Conference today, Tuesday, February 23, 2016 at Hilton Hotel in Nairobi. This year's theme is, "CIS for Innovation and Financial Inclusion - Mikopo Kisasa". This has been inspired by the innovative loan and credit bureau products in the credit markets today. The two-day conference will be characterized by motivating speeches, enlightening plenaries, thought-provoking panels, and the chance for participants to network with peers in the credit industry.
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.
Cabinet Secretary Henry Rotich during the inauguration of a mult-sectoral task force to deveop the public procurement and asset disposal regulations, 2016 at the Treasury Building on Thursday 21st April 2016
The National Treasury Cabinet Secretary addressed the East Africa Finance Summit today. " The National Treasury is in the process of developing and operationalising the institutional and regulatory environment that will help in facilitating the growth of Shariah complaint finance in Kenya," Rotich said. " In addition, we are exploring the possibility of becoming a member of the Islamic Development Bank in order to leverage on the opportunities enjoyed by the member states," he added.
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.
Cabinet Secretary for National Treasury Henry Rotich signing a Ksh. 1.84 billion loan agreement with the Ambassador of the Kingdom of Belgium to Kenya Ms. Roxane de Bilderling today at the Treasury Building.
The loan is for Vihiga Cluster Water Supply Project. The money will be used to renovate and expand the Maseno, Kaimosi and Mbale water supply systems in Vihiga County.
Signing Financing Agreement of SIVAP between AfDB & GOK Worth Ksh 6.23 billion
Cabinet Secretary, Treasury, Henry Rotich (Right) and Gabriel Negatu, Director African Development Bank (AfDB), East Africa Resource Centre signing financing agreement between AfDB and Government of Kenya for Small-Scale Irrigation and Value Addition Project (SIVAP) toady, Thursday, February 4, 2016 at the Treasury Building in Nairobi. The signed agreement of agricultural development financial support amounting to USD 62.346 million (Kshs. 6.23 billion) is divided into two components: AfDB loan totalling USD 39.546 million (3.95 billion) and grant amounting to USD 22.8 million (Kshs. 2.28 billion) advanced by the agriculture and Food Secuirity Program (GAFSP), but administered through AfDB)).
The National Treasury Principal Secretary Dr. Kamau Thugge addressing the African Federation of Institutes of Internal Auditors 3rd Annual Conference at Kenyatta International Conference Center (KICC). The PS who represented the National Treasury Cabinet Secretary hailed internal auditing for promoting good governance practices and standards through various initiatives.
National Treasury Cabinet Secretary Henry Rotich (2nd Right) and Korean Ambassador to Kenya Mr Kwon Young-dae (2nd left) discuss today, Monday, April 11, 2016 at the Treasury Building when they signed the letter of intent to support the Mobile Development Cooperation Project (Grant). Looking on are Moses Kanagi, Acting Director, External Resources, National Treasury and an official from the Korean Embassy. The project will comprise three mobile programs, the first, medical programs which will provide medical services and on-site clinical; diagnosis by certified nurses in trucks with built-in medical facilities and ambulance. The second, is food program, which aims at providing and ensuring people's nutritional needs are met using trucks with basic built-in food preparation apparatus. And the third, is the culture program, which aims to utilize cultural elements using a truck outfitted with Audi-video equipment to enrich the developed activities of the medical and food programs.
Cabinet Secretary National Treasury Henry Rotich (Right) consults with Wycliffe Oparanya, Chairman Finance, Planning and Economic Affairs Committee (Centre) and Chairman, Council of Governors, Peter Munya today, Tuesday, January 5, 2016 during Council of Governors/Treasury IFMIS e-Procurement meeting at Safari Park Hotel in Nairobi. The meeting chaired by Rotich deliberated on IFMIS e-Procurement and its implementation at the Counties. During the meeting a Technical Committee was formed, which is to look into the IFMIS e-Procurement, especially its implementation and challenges at the Counties and come up with report with recommendations on improving and addressing the teething problems of the system. The chairman of the committee will come from Treasury while secretariat will come from Council of Governors.
European Union (EU) Ambassador to Kenya, Stefano-Antonio Dejak addressing the gathering during a reception hosted to mark the 66th celebration of Europe Day. Next to him is the National Treasury Cabinet Secretary, Mr. Henry Rotich and the National assembly Speaker, Justin Muturi. The day coincided with 40 years of Kenya- EU bilateral relations and was celebrated through the official unveiling of the "40 in 40" memorial theme which will be followed by a series of events to take place in the month of May.
The National Treasury Cabinet Secretary Henry Rotich addressing press conference on updating the development of financial sector in Banks following the appointment of Kenya Deposit Insurance Corporation [KDIC] as a receiver for Chase Bank Limited by the Central Bank of Kenya [CBK] and also assured the public the rest of the Banks are sound at Kenyatta International Convention Centre today.He is flanked by the Central Bank of Kenya Governor Dr.Patrick Njoroge [centre] and the Chief Executive Officer of Kenya Bankers Association Habil Olaka [right] among others .
10th December 2015
Treasury Cabinet Secretary Henry Rotich yesterday launched the product Market Regulatory study Report at the Intercontinental Hotel in Nairobi.
This was during the world competition day that aims at raising awareness and creating rather than imposing a competition culture among the market participants to benefit the citizens.
The Cabinet Secretary/ National Treasury Mr. Henry Rotich welcomes the IMF First Deputy Managing Director, Mr. David Lipton to the National Treasury. With then is PS, National Treasury, Dr. Kamau Thugge. Mr. Lipton is on a three day visit to Kenya to discuss a range of issues with the Government, including Kenya’s economic programme aimed at Investment- driven, inclusive growth and Kenya’s increasing integration in global financial markets.
Cabinet Secretary, Henry Rotich (Centre) and Japanese Ambassador to Kenya Tatsushi Terada (Left) today, Wednesday, March 9, 2016 at the National Treasury building sign notes for Olkaria V Geothermal Power Plant in which Japan loans Kenya Sh 40 billion (45.69 billion Yen) for the construction of the 140 MW geothermal power plant. Looking on right is the Cabinet Secretary, Petroleum and Energy, Charles Keter. Present also was Eng. Albert Mugo, Managing Director and CEO, Kengen. The overall goal of the project is to enhance electricity power supply in Kenya for a conducive investment environment and sustainable development.