Treasury CS Mbadi Urges Banks to Lower Interest Rates to Curb Loan Defaults - City Mirror

Pending Bills to be settled in due course – Mbadi - City Mirror

Raila’s AUC bid faces setback as SADC backs Madagascar’s candidate Read more:

Kenya Eyes Smooth Transition as IMF Program Nears Completion Kenya's National Treasury has reaffirmed its commitment to fiscal reforms under the International Monetary Fund (IMF) program, with only one review remaining before its scheduled completion in April. According to Treasury Principal Secretary Chris Kiptoo, the IMF program was approved in 2021 to support fiscal consolidation and address the country’s rising debt risks. He noted that Kenya's debt was classified as low risk in 2013 but escalated to medium risk by 2018 and high risk by 2020, prompting the need for intervention. "The program was designed to curb debt vulnerabilities and ensure controlled debt growth through a revenue-driven fiscal consolidation strategy," Kiptoo stated. The initiative, initially valued at $2.3 billion, was later expanded to $4.2 billion following the introduction of the Resilient Sustainability Facility (RSF) during the fifth review. The RSF was added to focus on climate-related issues. So far, the IMF board has approved the seventh and eighth reviews, with only the ninth review remaining. Kiptoo said the final review, amounting to about $800 million, is yet to be conducted. "The program will end in April, and our intention is to ensure there is no gap. The IMF program is important to us, and the reforms we are implementing are part of our long-term economic strategy," he added. Kenya continues to engage with the IMF as it seeks to maintain financial stability and sustain economic reforms beyond the program’s conclusion.

Government is keen on passing the benefits of a better performing KPLC through lower tariffs - City Mirror

Our GDP Remains One of the Highest in the World, PS Chris Kiptoo Assures Kenyans via @citymirrorKE

Kenya Enacts New Regulations on Toxic and Hazardous Chemicals - City Mirror @NemaKenya

Treasury CS John Mbadi says power bills are dropping and vows to keep driving costs down.

Kenya’s Diaspora Remittances Surge, Hit Record $4.87 Billion via @citymirrorKE

CS John Mbadi affirms that Finance Bills are annual but dismisses claims that they must always lead to tax increases.

CS Mbadi: Inflation Drops from 9.6% to 3.3% in 15 Months

Kenyans living and working in diaspora sent home $4.872 billion( Kes 630 billion) in the year 2024.

Airtel Kenya CEO, Ashish Malhotra, announces that for just Ksh1,000 per month, customers can enjoy 30GB of non-expiring data bundles.

Airtel Kenya Drops Bombshell Ksh 1000 Plan Offer for Customers via @citymirrorKE

Kenya’s national men’s rugby sevens head coach, Kevin ‘Bling’ Wambua, has unveiled the squad for the fourth round of the 2025 HSBC Sevens World Series, set to take place in Vancouver, Canada, from February 21 to 23, 2025.

RT @KeTreasury: Momentum towards putting money in people’s pockets, Treasury Building, Nairobi.

Govt to probe students taking longer than expected in varsities – Murkomen

Former Kiambu Governor Ferdinand Waititu has been ordered to pay a Sh53.5 million fine or spend 12 years in prison after being found guilty of corruption-related charges. His wife Susan Wangari has been ordered to pay Sh500,000 or spend one year behind bars. All convicts were also barred from holding any public office for ten years.

Most university students get drugs from friends (66.4%) and fellow students (56.0%), showing strong peer influence. Local bars and canteens (59.3%) are major sources, while online purchases (39.4%) reflect growing digital access. Notably, 11.4% turn to non-teaching staff, and 7.0% to teaching staff, exposing hidden suppliers within institutions.