Times News Network
Economy New varsities funding formula out in July 2023 Wednesday June 22 2022 Universities Fund Board CEO Geoffrey Monari. FILE PHOTO | NMG A new funding formula for public universities, which will see colleges with more graduates who get jobs get more money is expected to be rolled out from July next year. University Funding … Read More “New varsities funding formula out in July 2023” »
Economy How data and spy tools handed KRA an extra Sh324bn Tuesday June 21 2022 Kenya Revenue Authority (KRA) Commissioner-General Githii Mburu. PHOTO | JEFF ANGOTE | NMG The Kenya Revenue Authority netted Sh324.81 billion more in tax receipts in 11 months through May than a similar period last fiscal year on the back of … Read More “How data and spy tools handed KRA an extra Sh324bn” »
Economy Treasury on the spot over idle Sh9.7bn in second Covid fund Monday June 20 2022 The National Treasury building in Nairobi. PHOTO | SALATON NJAU | NMG The Treasury is on the spot for holding onto Sh9.7 billion meant to fight the Covid-19 pandemic even as Kenyans brace for a new spike in infections, … Read More “Treasury on the spot over idle Sh9.7bn in second Covid fund” »
Counties Treasury gets MPs’ approval to guarantee Sh1bn Laikipia bond Friday June 17 2022 Laikipia Governor Ndiritu Muriithi. PHOTO | JEFF ANGOTE | NMG Parliament has approved a request by Laikipia County to borrow Sh1.16 billion through a domestic infrastructure bond at the stock market. The Senate on Thursday evening voted to approve a request … Read More “Treasury gets MPs’ approval to guarantee Sh1bn Laikipia bond” »
Economy KRA takes Sh62 in tax for every litre of petrol sold Thursday June 16 2022 A pump attendant fuels a car at a petrol station in Nairobi. FILE PHOTO | NMG The taxman is collecting Sh62.89 on every litre of petrol, a 39 percent jump in tax collections over the past two years that … Read More “KRA takes Sh62 in tax for every litre of petrol sold” »
Economy Lifting of Covid curbs doubles foreign travel spend Thursday June 16 2022 Controller of Budget Margaret Nyakango. FILE PHOTO | NMG Top government officials more than doubled their spending on foreign travel in the nine months to March, highlighting Treasury’s struggles to cut down on wasteful expenditure. The latest data from the Controller of … Read More “Lifting of Covid curbs doubles foreign travel spend” »
Capital Markets HF secures Sh475m from mortgage refinance company for lending Thursday June 16 2022 KMRC chief executive Johnstone Oltetia. PHOTO | DIANA NGILA | NMG Kenya Mortgage Refinance Company (KMRC) has lent Sh474.9 million to mortgage financier HF for onward lending to home buyers, according to disclosures in the latter’s 2021 annual report. HF … Read More “HF secures Sh475m from mortgage refinance company for lending” »
Companies MPs ask Ministry of Finance to help KAA recover Sh7.5 billion. debt from KQ Thursday, June 9, 2022 Chairman of the National Assembly’s Public Investment Committee Abdulswamad Nassir. PHOTO PHOTO | NMG Parliament has asked the National Ministry of Finance to intervene and help the Kenya Airports Authority (KAA) recover $ 7.5 billion owed … Read More “MPs ask Ministry of Finance to help KAA recover Sh7.5 billion. debt from KQ” »
Companies Treasury earns Sh132m from De La Rue venture Thursday, June 9, 2022 De La Rue money printing plant in Nairobi. AFP PHOTO National Treasury’s earnings from the joint venture between Kenya and British security printer De La Rue fell by 25 per cent to £ 0.9 million (Sh132 million) in the year to March … Read More “Treasury earns Sh132m from De La Rue venture” »
Economy Raila will cut powers to the Treasury with the budget unit in the State House Wednesday, June 8, 2022 Azimio presidential candidate Raila Odinga. PHOTO | EVANS HABIL | NMG Azimio la Umoja presidential candidate Raila Odinga will set up a budget office in the State House if he wins the presidential election on … Read More “Raila will cut powers to the Treasury with the budget unit in the State House” »