Treasury News

EFCC hits Ghana for slush funds

“Due to cash crunch, there have been intelligence reports that some politicians and those who looted the Treasury had been trying to haul cash to Nigeria for campaign.

Vanguard News , Nigeria Jan 17, 2019

Amina appoints panel to vet TVET Fund board members

Treasury tripled financing for TVET institutions in the 2018-19 budget to Sh16 billion up from Sh6 billion allocated in the previous budget.

The Star , Kenya Jan 17, 2019

KRA banks on tech to net 3m new taxpayers in three years

“We may not always get all the funding that we require, but we have reached a level of understanding with the Treasury in terms of how we should prioritise allocation to KRA and also look at ways by which KRA funding can be ring-fenced,” said Mr Njiraini.

Daily Nation , Kenya Jan 17, 2019

KRA banks on tech to net 3m new taxpayers in three years

“We may not always get all the funding that we require, but we have reached a level of understanding with the Treasury in terms of how we should prioritise allocation to KRA and also look at ways by which KRA funding can be ring-fenced,” said Mr Njiraini.

Business Daily Africa , Kenya Jan 17, 2019

Buhari urges media to expose corrupt governors, others | The Guardian Nigeria Newspaper - Nigeria and World News

Buhari, who is seeking reelection on the platform of the All Progressives Congress (APC), assured Nigerians that recovered funds from looters are safe in the Treasury Single Account (TSA) and would be used for infrastructural development.

The Guardian , Nigeria Jan 16, 2019

Why you’re going to pay more for Eskom’s mistakes

“The shareholder – namely government and thus the taxpayer – must share the burden through further equity injections (bailouts) linked to performance in terms of a credible recovery plan supported by government and the Treasury.

Business Tech , South Africa Jan 16, 2019

Court orders final forfeiture of N2.2bn ‘seized’ from Amosu, ex-air chief

Justice Olatoregun ordered that the total sum of N2, 244,500,000 found and recovered by the commission from Amosu be paid into the Federal Government’s Treasury Single Account (TSA) with Guarantee Trust Bank.

Vanguard News , Nigeria Jan 16, 2019

NCPB delays buying of Sh5 billion maize over funding hitch

NCPB says the SFR officials are seeking funds from the Treasury and that the buying of maize from farmers will start once the Treasury wires cash.

Business Daily Africa , Kenya Jan 16, 2019

EDITORIAL: Rate cap plan welcome

One major reason is because banks have found it more reasonable to lend the Treasury and avoid the small and medium enterprises, inherently deemed riskier, as well as consumers like plague.

Business Daily Africa , Kenya Jan 16, 2019

Shilling gains marginally against USD despite terror attack

This stability reflects strong inflows from tea and horticulture exports, resilient diaspora remittances and improved receipts from services particularly tourism,” Treasury said in the Draft 2019 Budget Policy Statement.

Capital News , Kenya Jan 16, 2019