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5 days ago | 
businessdailyafrica.com | John Mutua
Collections from the levy meant to discourage use of kerosene to contaminate petrol and diesel shrank by nearly half in the year to June 2024, amid sky-high prices that hit demand and a shift to clean cooking fuels. Treasury data shows that the anti-adulteration levy raised Sh795.16 million in the period, which was a dip of 49 percent from the Sh1.54 billion collected the previous year.
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1 week ago | 
businessdailyafrica.com | John Mutua
The State has so far scrutinised Sh518.7 billion worth of pending bills since 2023, offering hope of payment to dozens of contractors who have for years endured delays in getting their cash. Treasury disclosed that the amount is for 65,627 bills, but did not give a breakdown of the bills based on the years that they have remained unpaid.
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1 week ago | 
businessdailyafrica.com | John Mutua
The Treasury is seeking money to pay off public workers who will retire due to the looming merger and dissolution of State-owned corporations, amid growing fears that some employees could be declared redundant. Treasury Cabinet Secretary (CS) John Mbadi said the ministry had sought approval to allocate an undisclosed amount of money to fund the voluntary retirement scheme.
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1 week ago | 
businessdailyafrica.com | John Mutua
Kenya will tap a Sh3.4 billion loan from Israel amid plans for Tel Aviv to part-fund the acquisition of a high-tech missile defence system to boost Kenya’s ability to ward off security threats. Budget documents tabled in Parliament show that the Treasury expects the loan to be directly wired to the Ministry of Defence in the financial year starting this July.
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1 week ago | 
nation.africa | John Mutua
Parliament is set to lift the freeze on new power purchase agreements (PPAs), allowing Kenya Power to negotiate fresh deals amid growing fears of power rationing. Energy PS Alex Wachira said on Monday talks between MPs and the ministry are at advanced stages to lift the moratorium by the end of next month. Lawmakers froze new PPAs in April 2023, saying that the moratorium would allow for a fresh investigation into the existing contracts.
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1 week ago | 
businessdailyafrica.com | John Mutua
Parliament is set to lift the freeze on new power purchase agreements (PPAs), allowing Kenya Power to negotiate fresh deals amid growing fears of power rationing. Energy Principal Secretary Alex Wachira said on Monday that talks between MPs and the ministry are at advanced stages to lift the moratorium by the end of next month. Lawmakers froze new PPAs in April 2023, saying that the moratorium would allow for a fresh investigation into the existing contracts.
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1 week ago | 
businessdailyafrica.com | John Mutua
The Treasury has proposed an allocation of Sh16.5 billion to fund the extension of the standard gauge railway (SGR) from Naivasha to Kisumu and Malaba, bringing closer to fruition the dream of having a seamless rail transport from the Mombasa port to the border town. Budget documents tabled in Parliament show that this is the first time that the Exchequer is allocating money for the construction of a 369-kilometre rail line, which is key to boosting the economic viability of the SGR.
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1 week ago | 
businessdailyafrica.com | John Mutua
Kenya Power has backed a proposed levy to fund the county street lighting projects in a bid to spur economic growth and help the company avoid tussles with counties over unpaid bills. Kenya Power chief executive Joseph Siror said that the levy, known as the Street Lighting Infrastructural Support Levy (SLISL), could be introduced but in cents to avoid triggering an increase in electricity prices.
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1 week ago | 
nation.africa | John Mutua
The government has moved in to remove the excise tax on imported eggs, onions and potatoes in a bid to lower the prices of the products, offering relief to Kenyans and easing trade wars with neighbouring countries. The Treasury has through the Finance Bill, 2025 proposed to remove the tax which is charged at a rate of 25 percent on the value of each of the products, in what is likely to trigger price reductions of the commodities.
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2 weeks ago | 
businessdailyafrica.com | John Mutua
Television and radio streaming face a 16 percent value added tax (VAT) as the government seeks to widen the tax base by tapping into the growing popularity of internet uptake. The proposal is contained in the Finance Bill, 2025, which seeks to broaden the range of electronic services that pay the 16 percent VAT. The Bill was tabled in Parliament on Wednesday. It is expected to become law before July 1.
