Tag Archives: National Treasury

State-owned Consolidated Bank of Kenya recorded a significant rise in profit after tax, reaching Sh174.83 million in the six months to June 30, 2026, up 1,349.5 percent from the previous period. The strong performance was driven by growth in both net interest and non-interest income. Net interest income increased by …

Public Service, Human Capital Development and Special Programmes Cabinet Secretary Geoffrey Ruku has rejected claims by the Opposition that the government spent billions of shillings to influence the outcome of the Ol Kalou parliamentary by-election. Speaking during an interview with Hot 96, Ruku said the campaign support and items distributed …

Kenya’s outstanding debt to the World Bank fell to Sh1.728 trillion in March 2026, down from Sh1.964 trillion recorded in both September and December 2025, according to data from the National Treasury. The figures show a gradual decline in the country’s obligations to the lender after the debt reached a …

National Treasury Cabinet Secretary John Mbadi has announced that he will not contest any elective seat in the 2027 General Election, saying he has deliberately chosen to stay out of elective politics. Mbadi said he plans to continue serving in government beyond the August 2027 polls and expressed optimism that …

Treasury Cabinet Secretary John Mbadi has justified the government’s choice to sell a stake in Safaricom to a strategic investor instead of offering the shares directly to Kenyan retail investors, saying a public sale would have reduced the share price and failed to deliver value for money. While appearing before …

Kenya’s external liquidity challenges have lessened following the early repayment of a \$2 billion Eurobond in February of last year. According to Fitch, an international credit rating agency, steady inflows of foreign currency and interventions by the Central Bank have helped raise foreign reserves to \$11.1 billion by the end …

A recent report by the National Treasury has disclosed that 38 counties allocated less than 30% of their budgets to development in the 2023/24 financial year. The Treasury emphasized that this breaches Section 102 (2)(b) of the Public Finance Management Act, 2012, which mandates that at least 30% of a …