Budget 2020 News Updates

Latest Budget 2020 news headlines.
Find List of Budget 2020 Trends 2024 from various News Websites / Blog / Articles
 

Revealed: How counties denied Kemsa Sh1bn

What you need to know: Kemsa has an absolute monopoly in the supply of drugs to the public. Some six counties have opened up the lucrative drugs procurement space to private players. Nakuru County for instance irregularly pr
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16 Apr 2024

Treasury makes U-turn on stopping Kenya Airways bailouts

Business Reporter Nation Media Group The Treasury has made a U-turn on its pledge to end financial support to Kenya Airways (KQ) amid delays in securing a strategic investor for the loss-making national carrier. KQ has disclosed
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15 Apr 2024

The African Way: the case for economic self-reliance

African finance ministers and central bankers will soon be travelling to Washington, DC for the annual World Bank and International Monetary Fund (IMF) Spring Meetings. This annual pilgrimage is a critical moment to discuss the pressing issues im
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15 Apr 2024

State to audit Tullow's Kenya oil project cash use

What you need to know: Tullow in January revealed plans to retain its annual spending on Kenyas oil project at $10m. Tullow has written off $ 17.9 million (Sh2.23 billion) of its Kenyan assets on the uncertainty. The Sta
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12 Apr 2024

Fitch Ratings revises China's credit outlook

SOUTH Africas economy could be under the threat of catching flu as one of its biggest trading partners sneezes after Fitch Ratings downgraded Chinas credit outlook.Fitch yesterday revised Chinas sovereign credit outlook from stable to negat
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11 Apr 2024

By fire by force: PCEA official sworn in at function attended by Ruto despite court injunction

Reporter Nation Media Group A senior elder of the Presbyterian Church of East Africa (PCEA) was on Tuesday sworn in as the church's honorary treasurer, despite a court order barring him from taking up the post. The ceremony took
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10 Apr 2024

Reps Query N78.76bn MDAs Excess Salaries, Summons AGF

Reps Query N78.76bn MDAs Excess Salaries, Summons AGF The House of Representatives Committee on Public Accounts has summoned Accountant General of the Federation (AGF) over the audit query on the N78.761 billion extra-budgetary
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04 Apr 2024

Africa demands fair deal from global finance

In response to the economic downturn precipitated by the Covid-19 pandemic, countries sharply raised their government expenditures to fend off humanitarian and health emergencies in the face of a concurrent drop in government revenues and shocks
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04 Apr 2024

Nigerias electricity regulator hikes tariffs for wealthier consumers

Nigerias electricity regulator on Wednesday approved an increase in electricity tariffs for wealthier consumers in Africas most populous nation, it said in a statement. The vice chairman of the Nigerian Electricity Regulatory Commission
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03 Apr 2024

You lied about Benue's debts, revenue Ortom tells Alia

Former Governor of Benue State, Samuel Ortom, has asked his successor, Hyacinth Alia, to prove his claims about the finances of the state including incomes, the wage bill and debts. Ortom, who was reacting to Alia's recent interview, accuse
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02 Apr 2024