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  • Signing Financing Agreement of SIVAP between AfDB & GOK Worth Ksh 6.23 billion
  • Council of Governors /Treasury IFMIS e-Procurement meeting
  • Council of Governors /Treasury IFMIS e-Procurement meeting
  • Council of Governors /Treasury IFMIS e-Procurement meeting
  • Signing Financing Agreement of SIVAP between AfDB & GOK Worth Ksh 6.23 billion
  • Signing Financing Agreement of SIVAP between AfDB & GOK Worth Ksh 6.23 billion
  • Signing Financing Agreement of SIVAP between AfDB & GOK Worth Ksh 6.23 billion

Treasury News

Signing Financing Agreement of SIVAP between AfDB & GOK Worth Ksh 6.23 billion

Signing Financing Agreement of SIVAP between AfDB & GOK Worth Ksh 6.23 billion
afbCabinet Secretary, Treasury, Henry Rotich (Right) and Gabriel Negatu, Director African Development Bank (AfDB), East Africa Resource Centre signing financing agreement between AfDB and Government of Kenya for Small-Scale Irrigation and Value Addition Project (SIVAP) toady, Thursday, February 4, 2016 at the Treasury Building in Nairobi. The  signed agreement  of agricultural development financial support amounting to USD 62.346 million  (Kshs. 6.23 billion) is divided into two components: AfDB loan totalling USD 39.546 million (3.95 billion) and grant amounting to USD 22.8 million (Kshs. 2.28 billion) advanced by the agriculture and Food Secuirity Program (GAFSP), but administered through AfDB)).

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Council of Governors /Treasury IFMIS e-Procurement meeting


DSC 7413 (1)Cabinet Secretary National Treasury Henry Rotich (Right) consults with Wycliffe Oparanya, Chairman Finance, Planning and Economic Affairs Committee (Centre) and Chairman, Council of Governors, Peter Munya today, Tuesday, January 5, 2016 during Council of Governors/Treasury IFMIS e-Procurement meeting at Safari Park Hotel in Nairobi. The meeting chaired by Rotich deliberated on IFMIS e-Procurement and its implementation at the Counties. During the meeting a Technical Committee was formed, which is to look into the IFMIS e-Procurement, especially its implementation and challenges at the Counties and come up with report with recommendations on improving and addressing the teething problems of the system. The chairman of the committee will come from Treasury while secretariat will come from Council of Governors.

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Unlocking Growth Potential in Kenya

10th December 2015
Treasury Cabinet Secretary Henry Rotich yesterday launched the product Market Regulatory study Report at the Intercontinental Hotel in Nairobi.  
This was during the world competition day that aims at raising awareness and creating rather than imposing a competition culture among the market participants to benefit the citizens.

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Development Partnership Forum on “Youth Employment”

DSC 3116Deputy President William Ruto makes official opening remarks today, Tuesday, December 8, 2015 during Development Partnership Forum (DPF) on “Youth Employment” at his official residence, Karen in Nariobi.  Ruto is the Forum Chair. The forum, which was attended by among others, Principal secretaries, members of Council of Governors, Ambassadors and High commissioners, Heads of mission, the Private Sector, Civil Society Organizations and foundations is envisioned to adopt the recommendations of the thematic Pre-DPF- Development Partnership Forum.

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Thematic Development Partnership Forum on Youth Employment

The National Treasury Cabinet Secretary Mr. Henry Rotich has emphasized on the importance of moving from the Millennium Development Goals (MDGs) to Sustainable Development Goals (SDGs) as the only way to facilitate Development Partnership Forum on Youth Employment.

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High interest rates and impact on the cost of living as companies and the public react to changes effected by banks, with the shilling tumbling to 103.71 last month before rebounding to Sh101.1 against the dollar on Wednesday could pose threat to economic growth.
Coming at a time when the country is facing a slow economic expansion and borrowing costs have hit a two-year high, Central Bank’s efforts to stem the shilling’s slide by intervening in the foreign exchange market and mopping up liquidity has not had the desired effect.


When banks hike lending rate, it signals difficulties for companies and individuals currently servicing loans, leading to a significant change in growth projections as plans based on old interest rates are revised.
Those planning to start businesses and invest in additional funds following the revisions need to take into account new rates, and investors who had planned to expand facilities by importing machinery must align their costs to the new regime.
Interest rates, just like fuel and energy, normally have an impact on all strata of the economy. The revision in interest rates has a knock-on effect on the economy and could lead to less investment as people shy away from “expensive capital” inputs-the effect, if widespread, could lead to a higher inflation as investment funds become more costly.
Analysts say companies are now working towards doing more with less by becoming more efficient in energy use and reducing wastage.
They say the liquidity problem needs to be managed by the Central Bank, the National Treasury and the government in general who must reduce the current account deficit by increasing exports while managing expenditure and receipts.
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