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National Treasury Cabinet Secretary John Mbadi has reiterated that the government's e-procurement system is mandatory and there is no plan to return to a manual system. A new law now paves the way for government-owned entities, known as parastatals, to list on the Nairobi Securities Exchange (NSE). The Central Bank of Kenya has approved a new risk-based credit pricing model, which shifts the operating rate for loans to the interbank rate. Meanwhile, the Surveyors of Kenya have raised concerns regarding the recently published Government Assets Valuation Policy.
The National Treasury Cabinet Secretary John Mbadi has reiterated the government’s unwavering commitment to the e-procurement system, refuting any suggestions that the directive mandating its use had been withdrawn.
Surveyors of Kenya have raised concerns regarding the recently published Government Assets Valuation Policy. This development is significant for those following Kenyan news and property valuation.
The Central Bank of Kenya has approved a new risk-based credit pricing model, shifting the operating rate for loans to the interbank rate. This decision follows pressure from financial institutions to adopt the revised framework.
A new law in Kenya is set to allow government-owned entities, known as parastatals, to list on the Nairobi Securities Exchange (NSE). This development signals a significant shift in how these state corporations can raise capital and operate.