@BusinessDaily

Government is not broke: Rotich

4 months ago, 8 Mar 11:22

By: Agewa Magut

Treasury Secretary Henry Rotich has dismissed media reports that the government is broke as "fake news". He cited the recent Sh200 billion Eurobond as proof, saying investors would not pump cash into the country if it was not doing well. "How can the CEO of a broke company keep giving money for projects?" he pondered Thursday. Yesterday, the CS had signalled to Senators that the annual allocation to county governments will be reduced by Sh18 billion while that of the national government will be cut by Sh60 billion. This, he said, was in a bid to trim the current budget following revenue shortfall of Sh84 billion after the Kenya Revenue Authority (KRA) missed its collection targets. Do business with govt The CS, who was speaking at the 'Girls Matter' event at KICC in Nairobi today, urged young women to take advantage of the Access to Government Procurement Opportunities (AGPO) and do business with the government. He also encouraged them to make use of the affirmative action funds available to give them loans to do business. The funds, which include the Youth Enterprise Development Fund, Women Enterprise Fund and Uwezo fund, will be consolidated into the Biashara fund, Mr Rotich said. The event was attended by about 2,000 young women, mostly entrepreneurs. Invitation was through networking, hence no advertisements were made.
Read More


Category: business corporate news economy markets lifestyle opinion

Suggested

8 hours ago, 13:10
@DailyNation - By: Sam Kiplagat
Court settles row over collection of music royalties

The High Court has quashed a decision by the Kenya Copyright Board (Kecobo) to license Music Publishers Association of Kenya (Mpake) to collect and distribute royalties on behalf of copyright ...

Category: business news
9 hours ago, 11:34
@BusinessDaily - By: Gerald Andae
Safaricom blames service outage on fibre link cuts

Safaricom services were disrupted on Sunday following multiple fibre link cuts, affecting millions of customers who use the network. ...

Category: business news
5 hours ago, 16:00
@BusinessDaily - By: Muchemi Wachira
Coffee farmers raise red flag as pesticides fail

Coffee farmers have raised the red flag over the effectiveness of agrochemicals being sold in the market following crop failure this season. ...

Category: business news
7 hours ago, 13:46
@BusinessDaily - By: Sam Kiplagat
Court settles row over collection of music royalties

The High Court has quashed a decision by the Kenya Copyright Board (Kecobo) to license Music Publishers Association of Kenya (Mpake) to collect and distribute royalties on behalf of copyright ...

Category: business news
5 hours ago, 16:00
@BusinessDaily - By: Millicent Mwololo
Sh1.1 billion debt threatens free LPG cylinder exchange

An estimated Sh1.1 billion debt which energy companies owe each another is threatening the LPG cylinder exchange programme. ...

Category: business news
5 hours ago, 16:00
@BusinessDaily - By: Gerald Andae
Doubts linger on reforms as Kenya gets new sugar import

Despite the numerous extensions, Kenya is far from meeting some of the conditions that have been set before opening the sub-sector to imports. ...

Category: business news

@BusinessDaily

Government is not broke: Rotich

4 months ago, 8 Mar 11:22

By: Agewa Magut
Treasury Secretary Henry Rotich has dismissed media reports that the government is broke as "fake news". He cited the recent Sh200 billion Eurobond as proof, saying investors would not pump cash into the country if it was not doing well. "How can the CEO of a broke company keep giving money for projects?" he pondered Thursday. Yesterday, the CS had signalled to Senators that the annual allocation to county governments will be reduced by Sh18 billion while that of the national government will be cut by Sh60 billion. This, he said, was in a bid to trim the current budget following revenue shortfall of Sh84 billion after the Kenya Revenue Authority (KRA) missed its collection targets. Do business with govt The CS, who was speaking at the 'Girls Matter' event at KICC in Nairobi today, urged young women to take advantage of the Access to Government Procurement Opportunities (AGPO) and do business with the government. He also encouraged them to make use of the affirmative action funds available to give them loans to do business. The funds, which include the Youth Enterprise Development Fund, Women Enterprise Fund and Uwezo fund, will be consolidated into the Biashara fund, Mr Rotich said. The event was attended by about 2,000 young women, mostly entrepreneurs. Invitation was through networking, hence no advertisements were made.
Read More

Category: business corporate news economy markets lifestyle opinion

Suggested

8 hours ago, 13:10
@DailyNation - By: Sam Kiplagat
Court settles row over collection of music royalties

The High Court has quashed a decision by the Kenya Copyright Board (Kecobo) to license Music Publishers Association of Kenya (Mpake) to collect and distribute royalties on behalf of copyright ...

Category: business news
9 hours ago, 11:34
@BusinessDaily - By: Gerald Andae
Safaricom blames service outage on fibre link cuts

Safaricom services were disrupted on Sunday following multiple fibre link cuts, affecting millions of customers who use the network. ...

Category: business news
5 hours ago, 16:00
@BusinessDaily - By: Muchemi Wachira
Coffee farmers raise red flag as pesticides fail

Coffee farmers have raised the red flag over the effectiveness of agrochemicals being sold in the market following crop failure this season. ...

Category: business news
7 hours ago, 13:46
@BusinessDaily - By: Sam Kiplagat
Court settles row over collection of music royalties

The High Court has quashed a decision by the Kenya Copyright Board (Kecobo) to license Music Publishers Association of Kenya (Mpake) to collect and distribute royalties on behalf of copyright ...

Category: business news
5 hours ago, 16:00
@BusinessDaily - By: Millicent Mwololo
Sh1.1 billion debt threatens free LPG cylinder exchange

An estimated Sh1.1 billion debt which energy companies owe each another is threatening the LPG cylinder exchange programme. ...

Category: business news
5 hours ago, 16:00
@BusinessDaily - By: Gerald Andae
Doubts linger on reforms as Kenya gets new sugar import

Despite the numerous extensions, Kenya is far from meeting some of the conditions that have been set before opening the sub-sector to imports. ...

Category: business news
Our App