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Hard truths. Bold Insights. Real talk.

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Treasury

Kenya Power technicians at work. PHOTO/Business Today Kenya
Business

Treasury and Epra hold key to lower power bills after Kenya Power IPP talks

Kenya Power has already completed talks with several Independent Power Producers to review Power Purchase Agreements that have long been blamed for driving up electricity prices. The new terms, which aim to cut tariffs and convert contracts from foreign currency to Kenya Shillings, were finalised during the financial year ending June 2025 and submitted to Treasury and Epra for review, according to the Auditor-General.

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Huduma centres serve 14.1 million Kenyans as in-person visits rise
Business

Huduma centres serve 14.1 million Kenyans as in-person visits rise

Treasury records indicate that Huduma Kenya Service (HKS) platforms served 14,121,167 customers during 2024/2025. The period also saw seven new Huduma Centres, funded through the National Government Constituencies Development Fund (NGCDF), become operational, expanding physical access to government services.

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Kenya seeks early release of Sh96.7billion World Bank loan
Business

Kenya seeks early release of Sh96.7billion World Bank loan

Last month, the World Bank outlined seven laws and four policy reforms Kenya must implement before releasing the funds. Key requirements include amending the Competition Act to regulate firms with dominant market positions, allowing refugees to register for mobile telephony and M-Pesa, and introducing policies to reduce urban traffic congestion, including promoting rail transport.

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County borrowing from banks rises to Sh3.2 billion
News

County borrowing from banks rises to Sh3.2 billion

Figures released by the Controller of Budget show that Nairobi County accounted for more than half of the outstanding debt, with total borrowings of Sh1.9 billion. The County Executive owed Sh1.5 billion, while the County Assembly had pending obligations amounting to Sh316.7 million by the close of the quarter.

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Treasury drops public service layoffs, focuses on payroll reform
Business

Treasury drops public service layoffs, focuses on payroll reform

During last year’s national wage bill conference, officials had warned of mass layoffs targeting support staff, casual workers, and employees with fake academic certificates. At the time, it was noted that support staff made up about two-thirds of public service employees, despite a recommended ratio of 70 percent technical staff and 30 percent support staff. This meant that roughly 702,950 of the 1.05 million public servants were support staff, more than double the ideal number.

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Treasury faces scrutiny over Sh2.6 trillion domestic loans
Business

Treasury faces scrutiny over Sh2.6 trillion domestic loans

According to the Public Finance Management Act 2012, government borrowing should be focused on development, while short-term loans like overdrafts are meant to manage cash flows. As of September, Kenya’s public debt stood at Sh12.05 trillion, with domestic borrowing accounting for more than half of the total.

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