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Treasury News

CS Rotich registers for Huduma Namba

 

Nairobi, February 17, 2019

 

The National Treasury and Planning Cabinet Secretary, Henry Rotich, today led his staff in registering for the Huduma Namba at the building in Nairobi. The CS urged the public to turn up in large numbers during the ongoing registration under the National Integrated Identity Management System (NIIMS). More than 8 million people have registered in the countrywide registration process.

 

Public Notice on the Draft Comprehensive Policy on Unclaimed Financial Assets

 

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Download Draft Policy

 

Kenya has come a long way in the development of strong governance frameworks for the various subsectors in the larger financial services industry. Specifically, with regard to the unclaimed financial assets regime, the regulatory framework conceived over seven years ago has witnessed considerable achievements that are now reflected in the work of the Unclaimed Financial Assets Authority (UFAA). These achievements, however, need to be accompanied by a robust reunification strategy, which is the most important pillar of the unclaimed financial assets regime. During the period of implementation of the Unclaimed Financial Assets Act, 2011 a lot of valuable lessons have been learnt and gaps identified in the original idea reflected in the architecture of the Act. It is against this backdrop that the Government has drafted this comprehensive policy on unclaimed financial assets. The policy is intended to strengthen the unclaimed financial assets regime in Kenya and guide further review and amendments to the relevant existing laws and regulations.

 

Government Assets & Liabilities Management

 

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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.

 

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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).

 

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.

 

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

 

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Download Draft Bill

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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.

 

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