Day: June 15, 2019

Kenya National Sovereign Wealth Fund

15th June 2019

Kenya National Sovereign Wealth Fund Kenya National sovereign Wealth Fund bill is awaiting approval by the legislature. In order to achieve sustainable use of natural resources, Kenya will soon export crude oil. Kenya has in place the Kenya Sovereign Wealth Fund Bill which is undergoing legal drafting before submission to parliament for approval. Creation of […]

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Green Economy Strategy

15th June 2019

Green Economy Strategy Green Economy strategy by the government aims at conserving the environment. The national government has ban on single use plastics in all protected areas such as beaches, National Parks, conservation areas and forests. This ban shall comment into effect on 5 June 2020. Wikipedia defines Green Economy as “an economy that aims […]

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Public Private Partnership Projects (PPPs) in Kenya

15th June 2019

Public Private Partnership Projects (PPPs) in Kenya Cabinet Secretary for Treasury revealed that the following Public Private Partnership projects are being implemented under the PPP framework:  The Nairobi-Nakuru-Mau Summit Toll Road Projects JKIA – James Gichuru Expressway Project   Read More: Learn more about PPPs in Kenya  – Urban housing renewal and generation policy   […]

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Boda Boda business in Kenya to bear the blunt side of Kenya’s budget for FY 2019/2020

15th June 2019

Boda Boda business in Kenya to bear the blunt side of Kenya’s budget for FY 2019/2020 In order to mitigate the risk associated with boda boda business in Kenya, the National Treasury has proposed to amend the Motor Vehicle Third Party Risks Rules to require all passenger carrying boda boda and tuk tuks to have […]

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Here is how the Kenya National Treasury will raise resources to finance Budget for FY 2019/2020?

15th June 2019

Here is how the Kenya National Treasury will raise resources to finance Budget for FY 2019/2020? New Taxation measures introduced by the Kenya National Treasury are expected to generate an additional Ksh. 37 billion in revenues. The Kenya National Treasury has proposed the review of Capital Gains Tax legislation to enhance fairness and equity. The […]

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What will be the cost of fighting corruption in Kenya budget FY 2019/2020?  

15th June 2019

What will be the cost of fighting corruption in Kenya budget FY 2019/2020?   All Ministries Departments and Agencies are required to publish all procurement details on the Public Procurement Information Portal. The public Procurement Regulatory Authority is in the process of publishing contracts awarded on a monthly basis. Up to now, 385 public entities […]

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What is the size of Kenya National Security budget in FY 2019/2020?

15th June 2019

What is the size of Kenya National Security budget in FY 2019/2020? A total of Ksh. 326.5 billion was allocated as Kenya National Security budget for security agencies out of which Ksh. 121.6 billion was for Defense; Ksh. 37.7 billion for National Intelligence Services (NIS) and Ksh. 26.9 billion for Prisons Department).  The State Department […]

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Allocation for Big Four Agenda in Kenya in 2019/2020 Budget

15th June 2019

Allocation for Big Four Agenda in Kenya in 2019/2020 Budget All the Big Four Agenda in Kenya were allocated a total of Ksh. 450.9 billion. 1.0 Universal Health Care Coverage (UHC) 47.8 billon was allocated to UHC Scaling UHC to all counties NHIF cover will be provided for the elderly people as well as severely […]

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Treasury CS Henry Rotich Budget Statement on FY 2019/2020

15th June 2019

Treasury CS Henry Rotich Budget Statement on FY 2019/2020 The Cabinet Secretary for Treasury Henry Rotich read his budget statement on 13 June 2019. In his speech, he highlight a number of issues. In this article, we summarize those issues. The theme of Financial Year 2019/2020 is: Creating Jobs, Transforming Lives – Harnessing the “Big […]

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