Treasury Cabinet Secretary John Mbadi - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Govt unveils Ksh 650 Million project to boost rice farming in Ahero

Sacco ReviewMarch 12, 202606 mins

Rice farmers in Ahero have received a major boost after the national government h unveiled a Ksh650 million project to rehabilitate and expand pumping station in Nyando Sub County under an initiative being undertaken by the National Irrigation Authority in partnership with Hungary . The project financed by Hungary includes installation of a 500 kilowatt-peak…

Kenya Shilling’s stability attributed to strong economic fundamentals, CS Mbadi says

Sacco ReviewNovember 8, 202503 mins

Cabinet Secretary for the National Treasury and Economic Planning, John Mbadi, has dismissed claims of currency manipulation and emphasized that the resilience of the Kenya Shilling is a result of solid economic fundamentals. Speaking during a courtesy call by Swedish Ambassador to Kenya Hakan Akesson, at the Treasury Building, CS Mbadi highlighted the role of…

Treasury extends hiring freeze until 2028, dims hopes for public sector jobs

Sacco ReviewAugust 26, 202504 mins

The national Treasury has extended the public sector hiring freeze for another three financial years, dwindling left hopes for public sector jobs. This move locks out thousands of job seekers from government employment until at least 2028. According to the Treasury, the move is part of the government’s effort to contain public wage bill, which…

Kenyans face potential food shortages as agriculture budget slashed

Sacco ReviewJune 14, 202504 mins

The agricultural sector faces a significant setback following a substantial budget cut in the latest national allocation. Treasury Cabinet Secretary John Mbadi announced a reduction of Ksh7 billion for agriculture, bringing the total allocation to Ksh47.6 billion down from Ksh54.6 billion in the previous fiscal year. This move has sparked considerable concern, with warnings that…

Finance Bill 2025: Gov’t slashed digital assets tax on crypto, NFTs to 1.5%

Sacco ReviewMay 10, 2025May 10, 202506 mins

The National Treasury is slashing the three per cent levy on digital assets trade introduced in 2023 by half to 1.5 per cent in the 2025 Finance Bill. A digital asset is anything identifiable that is created and stored digitally and has or provides value. The tax has targeted people dealing in crypto currencies and non-fungible tokens…