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LAUNCH OF KENYA’S COST OF HUNGER IN AFRICA STUDY TO BE HELD AT KENYATTA INTERNATIONAL CONVENTION CENTRE, NAIROBI ON 14TH FEBRUARY, 2019.

 

Download Keynote Address

 

Nairobi, February 14, 2019

 

 

The Principal Secretary State Department of Planning Dr. Julius M. Muia speaks to stakeholders during the kickoff of the Cost of Hunger in Africa (COHA) Kenya study at the Kenyatta International Convention Centre. The study seeks to raise the profile on the economic and social impacts of child undernutrition in Africa focusing on health, education and labour productivity sectors.

 

 

Key stakeholders at the Cost of Hunger in Africa Kenya study follow keenly the proceedings of the Cost of Hunger in Africa Kenya Study kick off at the Kenyatta International Convention Centre (KICC).

 

 

The Principal Secretary State Department of Planning Dr. Julius M. Muia, Acting Director General Budget and Fiscal Planning Albert… and the Chief Administrative Secretary in the Ministry of Health, Rashid Aman follow proceedings at the Cost of Hunger in Africa Kenya Study launch at the Kenyatta International Convention Centre (KICC).

 

 

Government representatives led by the Principal Secretary State Department of Planning Dr. Julius M. Muia pose for a group photo after officially kicking off the stat of the Cost of Hunger in Africa (COHA) Kenya study at the Kenyatta International Convention Centre.

 

7th African Fiscal Forum –Levering Fiscal Policy to Manage Risks and Support Inclusive Growth

 

Nairobi, February 14, 2019

 

 

National Treasury and Planning  ,Cabinet  Secretary ,Henry Rotich giving his keynote address during the 7th African Fiscal Forum  on Leveraging Fiscal Policy to Manage Risks and Support Inclusive Growth  today 14th  February 2019 at Radission Blu Hotel.

 

 

 

Ambassador of the European Union to the Republic of Kenya, Stefano Dejak giving his remarks during the 7th African Fiscal Forum on Leveraging Fiscal Policy to Manage Risks and Support Inclusive Growth today 14th   February 2019 at Radission Blu Hotel.

 

 

 

National Treasury and Planning ,Cabinet  Secretary ,Henry Rotich chats with Deputy  Director, African Department ,IMF, Dominique Desruelle at the  7th African Fiscal Forum  on Leveraging Fiscal Policy to Manage Risks and Support Inclusive Growth  today 14th  February 2019 at Radission Blu Hotel.

 

 

Director Fiscal Affairs Department, IMF, Vitor Gasper doing a presentation on Public Finance and Development at  today  during the 7thAfrican Fiscal Forum  on Leveraging Fiscal Policy to Manage Risks and Support Inclusive Growth  today at the Radission Blu Hotel.

 

 

National Treasury and Planning ,Chief Administrative Secretary , Nelson Gaichuhie and Controller of Budget Agnes Odhiambo  interacting during  the 7th African Fiscal Forum  on Leveraging Fiscal Policy to Manage Risks and Support Inclusive Growth  today 14th  February 2019 at the Radission Blu Hotel.

 

 

National Treasury and Planning, Cabinet Secretary, Henry Rotich chats with the Ambassador of the European Union to the Republic of Kenya, Stefano Dejak during the 7th African Fiscal Forum on Leveraging Fiscal Policy to Manage Risks and Support Inclusive Growth today 14th  February 2019 at the Radission Blu Hotel.

 

Request for Comments on the Draft Kenya Sovereign Wealth Fund Policy and Draft Kenya Sovereign Fund Bill 2019

 

Download Press Statement

Download Draft Bill

Download Draft Policy

 

Nairobi, February 8, 2019

 

The Constitution of Kenya requires the Cabinet Secretary to seek views of stakeholders and the public on matters relating to public finance.

 

The National Treasury has developed a draft Kenya Sovereign Wealth Fund Bill, 2019 and draft Kenya Sovereign Wealth Fund Policy which provide a framework for management of natural resource revenues. The draft bill and policy are available on the National Treasury website www.treasury.go.ke. The purpose of this press release is to invite comments on the draft Kenya Sovereign Wealth Fund Bill and the draft Kenya Sovereign Wealth Fund Policy to facilitate finalization.

 

The comments should be submitted to the undersigned or through the email address This email address is being protected from spambots. You need JavaScript enabled to view it. by 26th February 2019.

 

DR. KAMAU THUGGE, CBS

PRINCIPAL SECRETARY/NATIONAL TREASURY

 

Kenya Mortgage Refinance Company Workshop on The Master Refinance Agreement – Feb 5, 2019, Hotel Intercontinental

 

Nairobi, February 5, 2019

 

The National Treasury is contributing to the Affordable Housing Pillar of the BIG 4 Agenda by supporting the establishment of a liquidity facility (Kenya Mortgage Refinance Company) in order to increase access to liquidity and longer-term funds for Banks and SACCOs to lend towards residential mortgages in Kenya. In order to operationalize the company’s lending operations, a draft Master Refinance Agreement (MRA) was drafted. The MRA is a framework legal document that sets the general terms of engagement between KMRC and primary mortgage lenders in relation to refinancing of mortgages.

 

Signing of a Loan Between Cabinet Secretary of The National Treasury and Planning and the Ambassador of The Republic of France in Kenya

 

Nairobi, 23rd January, 2019

 

Cabinet Secretary National Treasury and Planning Henry Rotich during the signing of a Loan agreement with the Ambassador of the Republic of France in Kenya Aline Kuster-Menager at Treasury building today 23rd January 2019. The loan amounting to Kshs.3,510,000,000 will support the
implementation of the Public Financial Management Reform Strategy and strengthen governance for enabling delivery and public investment in
Kenya.For the last 20 year France through AFD has been a leading bilateral development partner to the Kenyan government and has made commitments amounting to Kshs.264,000,000,000

 

2019 Population and Housing Census

 

Nairobi, January 23, 2019

 

The National Treasury and Planning Cabinet Secretary, Henry Rotich today held a press briefing at a Nairobi hotel on the upcoming 2019 Population and Housing Census. Rotich reiterated that this years event will be digital and the gadgets used will eventually be handed over for the Digital Literacy
Programme.

 

The cost of the Census that will be held on the night of 24/25 August 2019 is estimated to be 18 billion Kenya shillings. Recruitment of enumerators, to be done at the Sub-County level, commences on June, thus advising Kenyans to be aware of the ongoing false recruitment in the social media.

 

The Fiscal Budget for the Financial Year 2019/20

 

In accordance with Article 201(a) of the Constitution which requires openness, accountability and public participation in financial matters, the National Treasury, through a Public Notice published in My GOV on 20th November, 27th November and 4th December, 2018, invited institutions, the private sector, non-governmental organizations and individuals to submit proposals on economic policy measures including taxation proposals for consideration by the Cabinet Secretary for the National Treasury and Planning in preparing the National Fiscal Budget for the Financial Year 2019/2020.

 

Signing agreement on development cooperation between the Government of Kenya and the Government of Slovak Republic

 

Nairobi, January 14, 2019

 

 

National Treasury Cabinet Secretary, Henry Rotich (Right) with The Slovak Republic Ambassador to Kenya, Frantisek Dlhopolcek discuss today, January 14, 2019 when they signed agreement on development cooperation between the Government of Kenya and the Government of Slovak Republic at the National Treasury office, National Treasury building in Nairobi. Rotich said Kenya has cumulatively received Sh 5.8 million Euros of Slovak Aid since 2004, and Euros of Slovak 1.2 million from the Slovak National Program for Official Development Assistance in 2013, adding that most of the Slovak Aid is channeled through NGOs and other through public institutions.

 

REQUEST FOR COMMENTS ON THE DRAFT 2019 BUDGET POLICY STATEMENT FOR THE MTEF FY 2019/20– 2021/22 BUDGET

 

Download Public Statement

Download Budget Policy Statement

 

Nairobi, January 10, 2019

 

Section 25 of the Public Finance Management (PFM) Act, 2012 requires the National Treasury to seek and take into account the views of stakeholders and the public in preparing the Budget Policy Statement (BPS) before submission to Cabinet for approval and subsequently submission to Parliament.

 

In particular, Section 25 of PFM Act requires the National Treasury to seek views of the following:

(a)       The Commission on Revenue Allocation;

(b)       County Governments;

(c)       Controller of Budget;

(d)       The Parliamentary Service Commission;

(e)       The Judicial Service Commission;

(f)        The Public; and

(g)       Any other interested persons or groups.

 

We have now finalized the  Draft 2019 Budget Policy Statement for the MTEF FY 2019/20 - 2021/22 budget which is available at the National Treasury website www.treasury.go.ke  The purpose of this press release is to invite general and specific comments on the Draft 2019 Budget Policy Statement to enable us finalise the document and seek Cabinet approval.

 

Please share your comments with the National Treasury by close of business, 25th January, 2019. You may forward your comments through the email address: This email address is being protected from spambots. You need JavaScript enabled to view it..

 

DR. KAMAU THUGGE, CBS

PRINCIPAL SECRETARY/THE NATIONAL TREASURY

 

The 2018 Public Service Excellence Awards

 

Nairobi, December 18, 2018

 

 

Cabinet Secretary Ministry of Public Service Youth and Gender, Prof. Margaret Kobia presents a Certificate of Recognition to Mr. Erastus Wahome, Senior Deputy Director , Sectoral Affairs Division and his team at the National Treasury & Planning for their leadership in focused citizen service delivery under the Regional Integration Implementation Programme. The ceremony took place today during the 2018 Public Service Excellence Awards held at Kenyatta International Convention.

 

DSC 8722Kenya’s exports to Netherlands last year were worth Ksh40.6 billion against imports worth Ksh18.8n billion, thus representing a trade surplus of Ksh21.8 billion.
National Treasury Cabinet Secretary Mr. Henry Rotich said Kenya’s major exports to Netherlands include horticultural products while her major imports from Netherlands include petroleum oils.
Mr. Rotich added that inland investments from Netherlands in Kenya are in the air transport services, agriculture and horticulture.

The Cabinet Secretary made the remarks today in Treasury building, Nairobi while signing the agreement of double taxation with the ambassador of the Kingdom of Netherlands, Nairobi, Mr. T. A. Reintjes.

“Inspite of the challenges we are facing, the Kenyan economy remains one of the most diversified in African continent offering a wide range of lucrative investment opportunities,” he said. Mr. Rotich said that Kenya’s economy is ranked ninth in Africa with a growth domestic product of about 52 billion US dollars, adding that the country achieved an average growth rate of about 4.5 percent over the last five years.

“The growth is based on expansion in all leading sectors, which offer lucrative returns to investors, namely agriculture and livestock, tourism, manufacturing, wholesale and retail trade, building and construction, finance, communication and the service sector,” he noted.

Besides the wide range of investment opportunities available, Mr. Rotich said, investors in Kenya benefit immensely from well trained and skilled human resource-base and attractive tax incentives.

The Cabinet Secretary added that Kenya provides investors with an opportunity to access the East African community market with a population of 143.5 million people and a growth domestic product of 61 billion US dollars.

On the agreement on the avoidance of double taxation between the two countries, Mr. Rotich said its main objective is to eliminate double taxation of income or gains arising in one country and paid to residents of the country.

Mr. Rotich observed: “The Agreement on the Avoidance of Double Taxation (DTA) creates a conducive environment for investments and trade in goods and services between the countries by removing uncertainties on taxation occasioned by having two different jurisdictions at play.

Other benefits include facilitation in tax administration through sharing of information by tax authorities of the two countries thus checking tax evasion.”

He said the signing and implementation of the agreement will promote stronger bilateral economic ties, friendship, and greater flow of investments and trade between Kenya and the Kingdom of Netherlands.

The agreement was negotiated, concluded and initialed by technical officials from the two countries on October 8, 2010.

Kenya is also a member of the Common Market for Eastern and Southern Africa (COMESA), beneficiary of the African Growth and Opportunity Act (AGOA) legislation of the USA and the African Caribbean Pacific-European Union (ACP-EU) cooperation and various bilateral cooperation agreements.

Signing of Agreement on the Avoidance of Double Taxation on Wednesday 22nd July, 2015

DSC 8716

Cabinet Secretary, National Treasury, Mr Henry Rotich (Centre) and Kingdom of Netherlands Ambassador to Kenya Joost Reintjes (Right) today, Wednesday, July 22, 2015 signing an agreement on the Avoidance of Double Taxation at the National Treasury Building, Nairobi.



DSC 8722Cabinet Secretary, National Treasury, Mr Henry Rotich (Left) and Kingdom of Netherlands Ambassador to Kenya to Joost Reintjes exchange signed agreement documents on the Avoidance of Double Taxation today, Wednesday, July 22, 2015 at the National Treasury Building, Nairobi.



DSC 8750Cabinet Secretary, National Treasury, Mr Henry Rotich (Left) greets Kingdom of Netherlands Ambassador to Kenya Joost Reintjes today, Wednesday, July 22, 2015 when signed an agreement on the Avoidance of Double Taxation at the National Treasury Building, Nairobi.

Pictures by Kibet Cheptumo/KNA

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