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Kenya: Hefty Pension for Former MPs Gets House Nod
Nation, 5 August 2020
Lawmakers Wednesday approved lavish lifestyles for their predecessors who served between 1984 and 2001 when they approved changes to the pension law. Read more »
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Kenya: MPs Okay Sh100,000 Monthly Pension for Retired Legislators
Capital FM, 5 August 2020
The National Assembly has approved the the Parliamentary Pensions (Amendment) Bill, 2019, which will see more than 375 lawmakers who retired between 1984 and 2001 receive a monthly… Read more »
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Kenya: Treasury Starts Audit of Covid-19, Locust Billions
Nation, 5 August 2020
The Treasury has started to audit the spending of billions of shillings in taxpayers' funds and loans from donors such as International Monetary Fund (IMF) meant for the fight… Read more »
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Kenya: Parliament Votes on Ex-MPs' Sh100,000 a Month Lifetime Pay
Nation, 4 August 2020
MPs who retired between 1984 and 2001 are set to receive a monthly pension of Sh100,000 for life under revised changes to the National Assembly's retirement benefits law. Read more »
Kenyan MPs Secure Lavish Lifestyles For Ex-MPs and Themselves
The passage of the 2019 Parliamentary Pension Amendment Bill means the government will be required to pay at least U.S.$11 million to the former MPs who served between 1984 and 2001. If President Uhuru Kenyatta signs the bill into law, the National Treasury will be required to set aside at least U.S.$1 million every financial year to cater for the monthly pension of the 150 lawmakers who served during the time. This happens as the country battles a major debt problem. The Treasury has also started to audit the spending of billions of shillings in taxpayers' funds and loans from donors such as IMF meant for the fight against the coronavirus pandemic and the locust invasion.
InFocus
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The government paid millions in penalties due to the delayed completion of the 430-kilometre high-voltage power line from the Lake Turkana wind turbines to Suswa sub-station in ... Read more »
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Sirisia MP John Waluke and his co-accused Grace Wakhungu have been found guilty of defrauding a state agency. Their sentence follows a conviction after the prosecution proved the ... Read more »
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U.S.$8 billion of Kenya's Budget will go to servicing debt in the 2020/21 financial year. The Treasury has also shrunk Deputy President William Ruto's total allocation by 40% in ... Read more »
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Treasury Cabinet Secretary Ukur Yatani has downgraded this year's economic growth outlook to between 1.8 and 2.5% from the previous forecast of 6%, saying that his department will ... Read more »
