The National Treasury

9 Articles
The National Treasury is yet to disburse funds to counties, or pay salaries for civil servants with the exception of teachers and members of the disciplined forces. [Photo/ KNA]
BUSINESSECONOMY

Civil Servants’ Pain as Broke GoK Delays Salaries

"For the first time since independence in 1963, the government of Kenya is unable to pay salaries to civil servants and members of...

BUSINESSECONOMY

Inside Exclusive Gym for Govt Bosses Only

The multi-million shilling facility is located at the Treasury's Bima House headquarters along Harambee Avenue in Nairobi.

A past Telkom Kenya event. The State is believed to have exercised its pre-emptive rights to purchase the stake after Helios indicated its exit. [Photo/ Telkom Kenya]
BUSINESSECONOMY

Govt Spends Ksh6B to Fully Own Telkom Kenya

The 60% stake was acquired from Helios for Ksh6.09 billion and means the company is now fully state-owned. The deal values Telkom Kenya...

An M-Pesa agent. Launched 15 years ago, M-Pesa has become a key feature of the Kenyan economy. [Photo/ Techweez]
BUSINESSECONOMY

Push to Slash M-Pesa Charges Gathers Steam

With its 35% stake, the Treasury is the second-largest shareholder in Safaricom behind Vodacom Group Limited and Vodafone Group Plc who own a...

Fuliza
BUSINESSECONOMY

Govt to Help Pay Mobile Loans for Defaulting SMEs

In the event of default of the loan the Treasury will cover 25 percent of the credit.

If the excise duty is reinstated, betting firms in Kenya are likely to report lower revenues. The government has maintained its stance on mitigating negative societal effects of sports betting through taxation and enhanced regulation.[Photo: YogoNet]
BUSINESSECONOMY

Return of 20% Betting Tax Spells Doom for Big Players

If it becomes law, the taxman would take Ksh20 of every Ksh100 wagered, regardless of whether the punter wins or loses.

NSE Chief Executive Geoffrey Odundo had noted that the State could raise Ksh792 billion by reducing its stake in some listed companies and relinquishing some stake in lucrative parastatals.
BUSINESSECONOMY

Govt Turns Down NSE’s Ksh792 Billion Offer

“For example at Safaricom, we are 35 percent shareholders. Given the strategic and security reasons around Safaricom, we don’t want to get diluted...

FEATURED STORY

Universities producing undercooked graduates, report confirms

Employers are reluctant to employ graduates fresh from campus.