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Development Partnership Forum on the Big Four Agenda

 

Nairobi, November 14, 2018

 

Deputy President William Ruto made opening remarks today, November 14, 2018 at Hilton Hotel in Nairobi during a meeting on the outcomes of the Pre-Development Partnership Forum (Pre-DPF) held on 7th November 2018.

 

The objectives of today’s meeting, themed: “Partnership for Prosperity and Equality: Accountability for Results for the realization of the Big Four Agenda”, is to understand the priority areas of the Big Four agenda to ensure alignment by development actors; and identify development cooperation and coordination challenges as well as capacity gaps that may impact on the realization of the Big4 Agenda. It is also aimed at concreting commitments jointly agreed on by the National Government, Council of Governors and Development Partners and its reporting mechanism and schedule of progress.

 

European Union joint cooperation with Kenya

 

Nairobi, November 12, 2018

 

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The European Union and Kenya Held Consultations on their Partnership and launched the (euros) 4.5 billion Joint Cooperation Strategy. 

 

The National Treasure and Planning Cabinet Secretary Henry Rotich and European Union Ambassador to Kenya Stefano Dejak signing the European Union joint Cooperation Strategy with Kenya at a Nairobi Hotel, witnessed by Devolution and ASAL Cabinet Secretary Eugen Wamalwa and Enviroment Cabinet Secretary Keriako Tobiko.

 

CS attends the Inaugural Africa Investment Forum 2018 in South Africa

 

Kenya’s Treasury Cabinet Secretary, Mr Henry Rotich is in Johannesburg, South Africa to attend the inaugural Africa Investment Forum (AIF) held at the Sandton Convention Centre from November 7-9, 2018.

 

The official opening Ceremony was performed by H. E. Cyril Ramaphosa, President of the Republic of South Africa who gave a key note speech today November 8, 2018. This event was followed by a high level panel discussion moderated by Kenya’s Julie Gichuru. The speaker’s included: Mahemolla David Makhura, Premier Gauteng Province who gave welcoming remarks, Aliko Dangote (Chairman & CEO, Dangote Group), Sultan Ahmed bin Sulayem, Group Chairman & CEO, Dubai Ports World, Dr Akinwumi Adesina, President African Development Bank and H.E. Cyril Ramaphosa, President of the Republic of South Africa.

 

Pre- Development Partnership Forum (PreDPF) on The Big Four Agenda

 

Nairobi, November 7, 2018

 

 

 

 

Principal Secretary for National Treasury Dr Kamau Thugge delivers the keynote address today, November 7, 2018 when opening the Pre- Development Partnership Forum on The Big Four Agenda, theme: "Partnership for Prosperity and Equality: Accountability for Results for the realization of the Big Four Agenda" held at Intercontinental Hotel in Nairobi.

 

 

CS Rotich presides over opening of KCSE exam papers

 

5th November, 2018

 

CS Rotich early this morning, at 5:45am, during the opening of the exam container at Ainapkoi Sub-County Exam Collection Centre and later at Moi Girls High School, Eldoret.

 

Education is a key component of our economy and through exams our youth are equipped with the necessary skills for our country's future development.

 

He also took the opportunity to wish success to all the form four candidates across the country who are today starting their examination.

 

COMMENTS ON THE 2018 DRAFT BUDGET REVIEW AND OUTLOOK PAPER FOR THE MTEF FY 2019/20 – 2021/22 BUDGET

 

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19th September, 2018

 

The Budget Review and Outlook Paper (BROP) is prepared in accordance with Section 26 of the Public Finance Management (PFM) Act, 2012 that requires its submission to Cabinet for approval by 30th September in each financial year. The approved BROP will subsequently be submitted to Parliament. In order to finalize the document, the National Treasury is expected by the provisions of the PFM Act to seek views from the institutions listed in the PFM Act, the public and any other interested persons or groups as specified in the relevant sections of the Act.

 

Launch of the Budget Preparation Process for the Medium-Term Period 2019/2020-2021/2022

 

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The National Treasury and Planning has organized the launch of Budget Preparation process for the Medium-Term Period 2019/2020-2021/2022 on 13th September, 2018, at the Kenyatta International Convention Centre (KICC), Amphitheater Hall.

 

The programme for the launch is as shown below.

       

TIME

ACTIVITY /PRESENTATION

08.00 a.m. – 08.30 a.m.

Registration

08.30 a.m. – 11.30 a.m.

Opening Remarks

 

Keynote Address and Official Launch

11.00 a.m. – 11.30 a.m.

HEALTH BREAK

11.30 a.m. – 12.00 noon

Presentation: Macro-economic outlook for the Medium Term

12.00 p.m.  – 12.30 p.m.

Presentation:  Highlights of the FY 2019/20 and the Medium Term Budget Process

12.30 p.m.  – 12.45 p.m.

Way Forward and Closure  

 

Public Investment Management (PIM) Guidelines

 

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Download PIM Guidelines

 

The National Treasury and Planning has Developed draft Public Investment Management (PIM) guidelines.

 

The PIM guidelines are intended to streamline the use of government resources on projects at the National and County Governments level as part of the efforts for reforms in Public Finance Management. The various reforms in the public sectors’ financial management are meant to spur economic growth and development.

 

The general public is requested to access the draft Public Investment Management guidelines from the National Treasury website http://www.treasury.go.ke. and email their written comments to  This email address is being protected from spambots. You need JavaScript enabled to view it. on or before 14th September, 2018

 

WFP Country Director calls on the CS

 

Tuesday, July 31st, 2018

 

 

CS National Treasury & Planning, Henry Rotich in a discussion with Annalisa Conte, Representative and Country Director- World Food Programme (WFP) Kenya who had paid him a courtesy call in his Treasury Building office today. She informed the CS that the WFP Executive Board has approved Kenya Country Strategic Plan 2018-2022 which is valued at 995 Million Dollars. WFP works with the Government to implement programmes designed to promote greater food security reaching over 2.3 million Kenyans annually.

 

1st African Evidence to Action Conference and Exhibition

 

Thursday, 26th July, 2018

 

The National Treasury & Planning Cabinet Secretary Henry Rotich delivers his key note address during the official opening of 1st African Evidence to Action Conference and Exhibition at United States International University in Nairobi.

 

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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