News

 

Nairobi, 9th August, 2019

 

National Treasury Principal Secretary Dr. Julius Muia has called upon managers of all government entities to relook at their respective revenue collection strategies so that the country could surpass targeted revenue in the 2019/20 financial year.

 

Dr. Muia said that if all revenues due to the government were collected, the country could be saved from the burden of borrowing.

 

The Principal Secretary made the call today in his office when he received Commission on Revenue Allocation CRA commissioners led by Chairperson Dr. Jane Kiringai who paid him a courtesy call.

 

 

Nairobi, 26th July, 2019

 

 

Incoming National Treasury Cabinet Secretary Ukur Yattani (Right) consults with his Principal Secretary Dr.Julius Muia at Treasury building during the handing over of office and receiving the incoming Principal Secretary Saitoti Torome on 26th July 2019. This follows the Ministerial changes made by the President early this week. Yattan will head National Treasury with Dr. Muia as the Principal Secretary treasury, former Defence Principal Secretary Saitoti planning.
 
 

 

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.

 

Nairobi, 8th August, 2019

 

The government is fully committed to working closely with the International Monetary Fund (IMF) to revive various programmes and in debt management. Acting Treasury and Planning Cabinet Secretary Amb.Ukur Yatani has said.


He said that the government is presently reviewing revenue collection framework so that more resources could be netted to fund budgets.

 

‘’We have adopted ways of making sure that we live within our means in order to reduce expenditure.We are also adopting tighter fiscal framework in order to match Revenue with our expenditure’’. Yatani added.

 

 

Nairobi, 25th July, 2019

 

Acting Treasury Cabinet Secretary Ukur Yattani and his Principal Secretary Dr. Julius Muia have taken over at the ministry.

 

The Head of Public Service Joseph Kinyua introduced the two to the staff on Thursday, a day after they were appointed to the positions. 

 

President Uhuru Kenyatta named Mr Yattani to replace Mr Henry Rotich.

 

In the mini-reshuffle, Dr Julius Muia who was the State Department of Planning PS was appointed National Treasury PS.

 

Mr Yatani, who is the Labour CS, said he would focus largely on the Big 4 Agenda.

 

 

 

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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, 6th August, 2019

 

National Treasury and Planning Cabinet Secretary Amb. Ukur Yatani has hailed the International Monetary Fund IMF for assistance it continues to extend to Kenya.


He said that the support has enabled the Country to realize major achievements in its economic development goals.

 

The CS made the remarks while meeting an IMF team led by Richard Allen of IMF Fiscal Affairs Department that has teamed with the National Treasury for an IMF Fiscal Transparency Evaluation.

 

 

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, 6th August, 2019

 

National Treasury and Planning Cabinet Secretary Amb. Ukur Yatani has lauded the World Bank for the support it continues to lend the country in its development agenda.


He said that the National Treasury is keen on reducing recurrent expenditure and in addressing corruption as spear-headed by the president.

 

 

 

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, 5th August, 2019

 

The National Treasury and Planning Acting Cabinet Secretary Ambassador Ukur Yatani and ICT Cabinet Secretary Joe Mucheru today constituted a technical working group drawn from the two Ministries and the World Bank to work together to ensure that on- going ICT projects are undertaken in a coordinated manner to avoid duplications.

 

 

 

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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

 

 

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Nairobi, 2nd August, 2019

 

 

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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, 26th July, 2019

 

The CBK Governor Dr. Patrick Njoroge, today paid the new team at the National Treasury and Planning a courtesy call.

 

 

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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.