Treasury directs state corporations to submit rationalized budgets

National Treasury has directed state corporations to re-submit their 2024–2025 recurrent expenditure budget, which has been rationalized to a level that is not more than 70 percent of the approved 2023–2024 budget.  Treasury Cabinet Secretary Njuguna Ndung’u stated that the recurrent expenditure budget should be re-submitted through the Government Investments Management Information System (GIMIS) by…

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TikToker Daddeys Gal Flaunts House She’s Building for Her Parents: “I Thank God”

TikToker @daddeysgal1 has showcased a permanent she’s building for her parents using proceeds from content creation. Which house did Daddeys Gal build for parents? The influencer shared footage of the house under construction upcountry. The 50-second clip was filmed in front of the building home with a red oxide veranda. The house has a front…

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Watu Credit commits Sh1.3bn for e-bike financing

Asset finance solutions provider Watu Credit has welcomed the publication of the draft national e-Mobility Policy. The company has committed to spending Sh1.3 billion for the transition of fossil-powered motorbike financing to e-bikes in the next seven years. Watu says that its goal aligns with the government’s agenda to transition from fossil-powered vehicles to electric…

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