Rotich News

NEWS INDEPTH: Education sector set for biggest rise in budget

“You have to justify the Big Four aspect in every shilling you ask for,” Treasury secretary Henry Rotich told officials when he launched the budget-making process for the fiscal year 2019-20 on September 13 in Nairobi.

Business Daily Africa , Kenya Jan 21, 2019

Cutting deficit will be an uphill task - Moody’s

“A number of countries — such as Kenya and Cameroon — will likely rely on cuts to capital expenditures rather than reducing recurrent expenditures or increasing revenue mobilisation to achieve their fiscal targets.” Treasury CS Henry Rotich expects to cut the deficit in the 2019/2020 financial year to Sh572.2 billion or five percent of gross domestic product (GDP), from the projected Sh635.3 billion (6.3 percent of GDP) in the year ending June 2019.

Business Daily Africa , Kenya Jan 20, 2019

Rotich eyes wage bill cuts in 32 counties

Economy Rotich eyes wage bill cuts in 32 counties Treasury secretary Henry Rotich has written to 32 counties with bloated wage bill asking them to furnish him with plans and timelines to comply with legal requirements capping pay expenditure at 35 percent of revenues.

Business Daily Africa , Kenya Jan 20, 2019

Kenya Railways seeks help to recover 500 grabbed land plots

“The managing director confirms that the corporation is in the process of carrying out survey and registration of all its operational land and marshalling yards for purposes of acquiring ownership documents,” said in a brief presented to the House by the Treasury secretary Henry Rotich.

Business Daily Africa , Kenya Jan 20, 2019

KRA rolls out plan to seal Sh528bn tax leak

Speaking during the launch, Treasury CS Henry Rotich said the Corporate Plan focusses on the country’s development agenda as spelt out in the Kenya Vision 2030, the Third Medium Term Plan (MTP 2018-2022 ), the Budget Policy Statement 2018 and the Big Four agenda.

The Star , Kenya Jan 18, 2019

KATIBA: China: A unilateral lawmaker

Uhuru thinks that China intentions are beyond doubt, even if it is clear Treasury CS Henry Rotich seems rather ignorant of the precise state of Chinese and other funds, in this and other projects—and should have been sacked a long time ago.

The Star , Kenya Jan 18, 2019

MPs demand release of funds to hire extra teachers

, NAIROBI, Kenya, Jan 17 – The National Assembly Education Committee is demanding that National Treasury Cabinet Secretary Henry Rotich releases Sh5 million allocated for recruitment for 10,000 teachers.

Capital News , Kenya Jan 17, 2019

KRA targets to collect Sh6.1 trillion by 2021

National Treasury Cabinet Secretary Henry Rotich said the Corporate Plan focuses on the country’s development agenda as spelt out in the Kenya Vision 2030, the Third Medium Term Plan, the Budget Policy Statement 2018 and the Big Four Agenda.

Capital News , Kenya Jan 17, 2019

Moses Kuria pushes for risk-based lending to SMEs

In his 2018-19 budget speech, Treasury CS Henry Rotich proposed moved to repeal the interest rate controls.

The Star , Kenya Jan 15, 2019

Counties risk cash freeze over Sh108bn unpaid bills

Treasury secretary Henry Rotich said the national government may be forced to intervene in cases where counties had defaulted on payments amounting to more than Sh1 billion for more than 90 days.

Business Daily Africa , Kenya Jan 14, 2019