Times News Network
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” »
Commodities Manufacturers get Yatani nod to import GMO cotton seed for animal feeds Monday June 13 2022 Treasury Cabinet Secretary Ukur Yatani during a past briefing in Nairobi. PHOTO | DIANA NGILA | NMG At least 10 manufacturers including Bidco East Africa have been allowed to import 28 million kilogrammes of genetically modified organism (GMO) … Read More “Manufacturers get Yatani nod to import GMO cotton seed for animal feeds” »
Companies IRA to shut rogue insurers in tough compliance rules Friday June 10 2022 Insurance Regulatory Authority CEO Godfrey Kiptum. FILE PHOTO | NMG The National Treasury says it will allow the Insurance Regulatory Authority (IRA) to shut down underwriters that have not complied with stricter capital requirements introduced in June 2020. Treasury Cabinet Secretary … Read More “IRA to shut rogue insurers in tough compliance rules” »
Economy Treasury cancels Sh115bn Eurobond, eyes bank loan Friday, June 10, 2022 Ministry of National Finance and Planning Cabinet, Ukur Yatani. PHOTO | FRANCIS NDERITU | NMG Kenya has canceled the issuance of a Sh115 billion ($ 1 billion) Eurobond and will instead borrow from a syndicate of banks after the Ministry of Finance received … Read More “Treasury cancels Sh115bn Eurobond, eyes bank loan” »
Amter The Mtongwe ferry will be resumed after eight months Wednesday, June 1, 2022 Ferry crosses the Mtongwe Canal. PHOTO PHOTO | NMG The Mtongwe ferry canal, which was closed eight months ago due to security concerns, is ready to be reopened for public use next week, Finance Minister Ukur Yatani told a parliamentary committee. … Read More “The Mtongwe ferry will be resumed after eight months” »
Economy The Treasury is asking MPs to raise the debt ceiling to Sh10 trillion Wednesday, June 1, 2022 Minister of Finance, Ukur Yatani. PHOTO | FRANCIS NDERITU | NMG The Ministry of Finance has asked MPs to raise the ceiling on public debt to Sh10 trillion to allow the state to borrow Sh846 billion to … Read More “The Treasury is asking MPs to raise the debt ceiling to Sh10 trillion” »
Economy Kenya takes Sh138 billion. World Bank loans in months Tuesday, May 31, 2022 Signage of the World Bank logo. PHOTO | POOL Kenya took 137.93 billion Sh 137.93 billion from the World Bank and rich countries for four months until April, when it ran to cover the more than Sh1 trillion budget deficit. The … Read More “Kenya takes Sh138 billion. World Bank loans in months” »
Health The Ministry of Health loses Sh5 billion in donor funds for HIV, Covid Monday, May 30, 2022 Minister of Health Mutahi Kagwe. PHOTO | FRANCIS NDERITU | NMG The Ministry of Health has lost 5.3 billion shs, which was intended to fund the fight against Covid-19, HIV, tuberculosis and malaria due to lack of … Read More “The Ministry of Health loses Sh5 billion in donor funds for HIV, Covid” »
Economy The taxpayers spent 260 million. at Kibaki’s state funeral Thursday, May 26, 2022 Former President Mwai Kibaki. PHOTO PHOTO | NMG Taxpayers used Sh260 million to fund the state funeral of former President Mwai Kibaki, who died in April at the age of 90. The Ministry of Finance’s second supplementary budget estimate, which was … Read More “The taxpayers spent 260 million. at Kibaki’s state funeral” »
Economy Yatani is suffering from a blow in the plan for higher beer taxes Wednesday, May 25, 2022 Minister of Finance, Ukur Yatani, during a previous briefing in Nairobi. PHOTO | DIANA NGILA | NMG By CONSTANT MUNDAMore by this author Summary The National Assembly’s Finance and Planning Committee has recommended that the proposed excise … Read More “Yatani is suffering from a blow in the plan for higher beer taxes” »