Capitalisation of banks and mortgage institutions raised from ksh.1bn to 5bn by 2018.It will be implemented gradually.
Capital for insurance companies raised as follows;General insurance to ksh.600mn,life to ksh.400mn.Composite insurance to ksh.1bn
Fuel levy raised by ksh.3 for super and diesel

What KRA need to do is start taxing masufferers just like midro class. No escape...tax and tax properly. Let them feel pain sana then they vote with their brains rather than tribes when they realise how their money gets wasted.

Right now those sufferers vote for idiots who do nothing.

What angers me most are the departments/Ministries that returns money to treasury because for a whole year they didn't implement the projects that had been earmarked for a specific year. For every coin that is returned on such ground, it means delayed development. More suffering for wananchi's who couldn't access medicine, markets(eg coz of poor roads), education etc. In the same year that we failed to implement projects, China implements five times more of the same. Then we come around and wonder why we are still poor.

I agree they should. My question is whether they are on the IFMIS platform now. If the govt purchases can be centralised in a system accessible easily and transparently by all stakeholders, govt would save a lot of money. First, suppliers would compete openly without the "deal" additions added on top of the actual prize. Two, govt would save through economies of scale by negotiating for discounts from suppliers due to the huge volumes involved. Until that is done, we shall continue buying a pen at 120shillings and a tissue for 500bob per piece; and nothing will ever change. Uhuru started this system when he was a Finance Minister, I hope he see it through in his team as PORK. As someone once said here, eating will be quite hard soon.

Part of the problem lies in delayed disbursements at the beginning of the financial year. Ordinarily, very few if any gov't dep'ts are lucky to see any money before September, a whole three months into the financial year. That's why there's always a rush to spent around May as the financial year draws to a close.

The Central Bank of Kenya (CBK) has differed with the Treasury on the proposed increase of commercial bank core capital to Sh5 billion, saying it would lead to rushed consolidations and make big banks more dominant.

Patrick Njoroge, the CBK governor, told Parliament to stop the proposed increase of bank capital from Sh1 billion to Sh5 billion in the next three years and instead push for smart regulation of banks.