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Nairobi, May 25th, 2020

 

The Cabinet in line with the recommendation by the 2013 Presidential Taskforce on Parastatal Reforms approved the merger of Industrial and Commercial Development Corporation (ICDC), IDB Capital Limited and Tourism Finance Corporation (TFC) to form the Kenya Development Bank (KDB) as a single cross-sector Development Finance Institution (DFI) with sufficient scale, scope and resources to play a catalytic role in Kenya’s Economic Development by providing long-term financing and financial, investment and business advisory services to meet objectives under vision 2030 and to support implementation of the Big 4 Projects.

 

 

 

Nairobi, 27th February, 2020.

 

The National treasury Cabinet Secretary Amb. Ukur yatani and Chief Representative, Jica Kenya Office Mr. Katsutoshi Komori today signed a Loan Agreement for the Mombasa Special Economic Zone Development Project 1 amounting to Ksh. 36.139 billion.


The credit will attract an Interest Rate of 0.1 %, repayment Period of 28 yearsand Grace Period of 12 Years. It will be applied for development of Special Economic Zone with the aim of boosting the Manufacturing Sector in line with the Government Big Four Agenda as well as creation of new jobs for Kenya citizens.

 

The project will enhance container handling capacity at the port of Mombasa.

 

 

Nairobi, 26th June, 2020

 

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The comments should be forwarded to in writing using the provided template for comments to the undersigned or through the following email This email address is being protected from spambots. You need JavaScript enabled to view it. not later than 10th July, 2020.

 

HON. (AMB.) UKUR YATANI, EGH

CS/NT&P

 

 

 

Nairobi, 26th May, 2020

 

The Cabinet Secretary for the National Treasury and Planning, Hon. (Amb.) Ukur Yatani, EGH will be delivering the Budget Statement for the FY 2020/21 to Parliament on 11th June 2020. While finalizing the Statement, the Cabinet Secretary would appreciate contributions and ideas on policy and tax measures from Kenyans for the FY 2020/21 Budget.

 

 

 

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Members of the Public are requested to submit a memorandum on issues of interest for consideration. The memorandum can be forwarded via email to This email address is being protected from spambots. You need JavaScript enabled to view it. with a copy to This email address is being protected from spambots. You need JavaScript enabled to view it.. Hard copy submissions should be sent to

 

Principal Secretary

National Treasury & Planning

P.O. Box 30007-00100 Nairobi

 

 

 

Nairobi, 13th February, 2020

  

The 5th edition of the Credit Information Sharing (CIS) Conference was held today in an event that was graced by The National Treasury, the Central Bank, the World Bank among other key stakeholders from all over Africa and the world. The main aim of the conference is to enhance credit information sharing while building a robust credit system in Kenya.

 

 

 

Nairobi, 17th June, 2020

 

The Cabinet Secretary Hon. Amb Ukur Yatani today hosted the Insurance Industry as they presented their Ksh 278 million contribution in cash and kind towards the management of the Covid-19 Pandemic. The Insurance Regulatory Authority has also approved a special Covid-19 Insurance product for front line health workers who are involved in the battle against the pandemic. CS Yatani lauded the IRA for the positive gesture during this time of the Covid-19 pandemic. The donation will go towards helping frontline health workers.

 

 

 

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Nairobi, 14th February, 2020

 

 

 

 

 

Nairobi, 18th June, 2020

 

 

 

Nairobi, April 8th, 2020

 

The National Treasury and Planning Cabinet Secretary Amb. Ukur Yatani received a cheque of Kshs. 2 billion from the Director of Public Prosecutions Noordin Haji. The money from the Prosecution Fund in support of the Covid Emergency Response Fund will compliment the government's efforts in helping the needy.

 

 

 

Nairobi, 29th January, 2020

 

Treasury and Planning Cabinet Secretary (Amb) Ukur Yatani has lauded the cordial relationship between the French and Kenyan Governments.
He said that Kenya and the government of France continue to enjoy very solid development cooperation, economic and business relations spanning over decades.

 

 

 

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Thursday, June 11th, 2020

 

Theme: "Stimulating the Economy to Safeguard Livelihoods, Jobs, Businesses and Industrial Recovery".

 

Statement delivered to the National Assembly on 11th June, 2020 by Hon. (Amb.) Ukur Yatani, EGH, Cabinet Secretary for the National Treasury & Planning, Republic of Kenya, when highlighting the Budget Policy and Revenue Raising Measures for Fiscal Year 2020/21 Budget.

 

1st July, 2020 to 30th June, 2021

 

 

 

Nairobi, 3rd April, 2020

 

Representations and written memoranda regarding the two documents may be submitted by email to This email address is being protected from spambots. You need JavaScript enabled to view it. and copied to This email address is being protected from spambots. You need JavaScript enabled to view it. and This email address is being protected from spambots. You need JavaScript enabled to view it., addressed to the Principal Secretary, National Treasury. Hand-delivered memoranda and representations should be submitted at the 6th Floor Kenya Reinsurance Plaza on Taifa Road, at the PPP Unit Offices.

 

In view of the public health threat of COVID-19, and the Presidential Directive on this matter made on 17th March 2020, no public hearing/oral submissions will be held.

 

All representations and memoranda should be received on or before Friday 24 April 2020 at 5:00p.m.

 

Please find the relevant documents below:

1. Regulatory Impact Statement on the National Toll Fund Regulations

2. National Toll Fund Regulations - April 2020 Draft

 

 

 

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Nairobi, 17th January, 2020

 

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:

 

 

 

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Nairobi, May 29th, 2020

 

The National Treasury and Planning has developed the Excise Duty (Remission of Excise Duty) (Amendment) Regulations, 2020. The Statutory Instruments Act requires that all legal instruments be subjected to public participation before they are published.

 

In this regard, the draft Regulations have been hosted on the National Treasury and Planning Website for comments before publication.

 

In order to facilitate timely consultations and have adequate time for consideration of the comments, the comments should be forwarded in writing to the undersigned or through the email [This email address is being protected from spambots. You need JavaScript enabled to view it.] not later than 5th June, 2020.

 

HON. (AMB.) UKUR YATANI, EGH

CABINET SECRETARY/ NATIONAL TREASURY AND PLANNING

 

 

 

Nairobi, 19th February, 2020

 

The Cabinet Secretary National Treasury and Planning, Amb. Ukur Yatani hosted all Chief Executive officers of government State Corporations and Semi-Autonomous Government Agencies (SAGAs) in a consultative meeting on financial management. In the meeting the CS urged the Chief Officers to be prudent in their budgeting while promising to be available to advise and guide them as required.