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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.

 

The President - African Development Bank Group and Chairman Africa50 pays the CS a courtesy call

 

Friday, 20th July, 2018

 

President- African Development Bank Group, and Chairman Africa50, Akinwumi Adesina in a discussion with Cabinet Secretary for National Treasury& Planning, Henry Rotich when he paid him a courtesy call in his office at Treasury Building this morning Friday 20th July, 2018  in Nairobi. 

 

The two discussed among other issues how the  African Development Bank can bridge Kenya's infrastructure funding gap by mobilizing finances and facilitating project development especially in the Big4 agenda.

 

The Third General Shareholders’ Meeting of The Africa50 Held in Nairobi, Kenya on 19th July, 2018.

 

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H.E. President Uhuru Kenyatta in a group photo with from left (Front Row) Chief Operations Officer Africa50 Carole Wainaina, CS Henry Rotich, President- African Development Bank Group, and Chairman Africa50, Akinwumi Adesina and CEO -Africa50 Alain Ebobisse and other board members after the President officially opened the General Shareholders Meeting (GSM) today in Nairobi.

 

Africa50 was established by African governments and the African Development Bank to bridge Africa's infrastructure funding gap by mobilizing public and private sector finance and facilitating project development.

 

The Official Launch of the 2018/2023 Strategic Plan at the Kenyatta International Convention Centre, Tsavo Ballroom on Wednesday 18th July, 2018

 

Nairobi, July 18, 2018

 

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Cabinet Secretary for National Treasury and Planning, Henry Rotich (Left) and CMA CEO Mr Paul Muthaura (Centre) share a light moment today, July 18, 2018 when he (Rotich) launched the Capital Markets Authority (CMA) Strategic Plan 2018 – 2023 in a ceremony at the Kenyatta International Convention Center (KICC) in Nairobi.  

 

Kenya and Portugal sign avoidance of double taxation agreement

 

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Signing ceremony in Lisbon between Kenya 🇰🇪 and Portugal 🇵🇹 for avoidance of double taxation done Tuesday 10th, 2018.

 

Signing was done at the Ministry of Foreign Affairs of Portugal in Lisbon. It was signed by Cabinet Secretary, National Treasury &Planning Henry Rotich and António Mendonça Mendes, Secretary of State of Tax Affairs, Portugal and witnessed by Teresa Almeida, Secretary of State of Foreign Affairs and Cooperation, Portugal.

 

Avoidance of double taxation will create 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.

 

The Draft Public Finance Management (Climate Change Fund) Regulations, 2018

 

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Download Draft Regulations

 

The Climate Change Fund (CCF) establishment is provided for under Section 25 of the Climate Change Act, 2016 as a financing mechanism for the priority climate change actions and interventions.

 

The National Treasury has finalized preparing the draft Public Finance Management (Climate Change Fund) Regulations, 2018 which have been posted to the National Treasury website www.treasury.go.ke.

 

US Companies to collaborate with Government in implementation of Big 4 Agenda

 

Nairobi, June 29, 2018

 

 

Treasury CS Henry Rotich sign an MOU with US Undersecretary for Commerce Mr Gilbert Kaplan at Treasury Building today where US companies will collaborate with the Government of Kenya in implementation of the big 4 Agenda of Jubilee government.

 

Some of the already identified projects are the 500,000 affordable housing units to be put up in the next four years, the leasing of health equipment and the road from Mombasa to Nairobi.

 

Mr Kaplan is leading a big delegation from the United States of America comprising of the US President's Advisory Council for doing business in Africa, US Private Sector players and the US government officials.

 

Present to witness the signing was the US Ambassador to Kenya Mr Robert Codec.

 

Kenya Government and United Nations Launch United Nation Development Assistance Framework (UNDAF) 2018 -2022

 

Nairobi, June 26, 2018

 

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From Left to Right: Cabinet Secretary Devolution and Arid and Semi Arid Lands (ASAL),  Eugene Wamalwa,   Cabinet Secretary  National Treasury and Planning , Henry Rotich  and United Nations Resident Coordinator /UNDP RR, Mr Siddharth Chatterjee officially sign United Nations Development Assistance Framework for Kenya (UNDAF) 2018 - 2022  today, June 26, 2018 at Panafric Hotel in Nairobi.

 

Signing Ceremony of Credit Facility Agreements with the French Development Agency (AFD)

 

Nairobi, June 21, 2018

 

 

Cabinet Secretary, National Treasury and Planning, Mr. Henry Rotich (2nd Right) and Director General /Chief Executive Officer, French Development Agency (AFD), Mr. Remy Rioux (3rd left) sign Credit Facility Agreements on June 21, 2018 at the National Treasury building in Nairobi. Witnessing the signing are among others: Cabinet Secretary for Water and Sanitation, Mr Simon Chelugui (Right) and the French Ambassador to Kenya , Mrs Kim Ramoneda (2nd Left).  
 
 

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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