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HomeDaily NewsWednesday, October 29, 2025Kenyan Authorities Address NHIF Debt, Unclaimed Assets, and New Standards Bill - October 2025
Business & Economy3 stories from 1 sources

Kenyan Authorities Address NHIF Debt, Unclaimed Assets, and New Standards Bill - October 2025

Health Cabinet Secretary Aden Duale informed MPs that the National Health Insurance Fund (NHIF) left hospitals with Sh10 billion in debt. The Cabinet plans to prioritize settling Sh5.3 billion of these debts, focusing on claims under Sh10 million per facility. Separately, the Unclaimed Financial Assets Authority (UFAA) warned institutions of an October 31st deadline to remit an estimated Sh5 billion in unremitted assets. UFAA Chairman Njenga Kigo announced that audits will begin in November, with hefty fines threatened for non-compliance. Additionally, the government has introduced the Standards Bill, 2025 to the National Assembly’s Committee on Trade, Industry and Cooperatives. This landmark legislation aims to modernize consumer protection laws by replacing the five-decade-old Standards Act.

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Wednesday 10:30 PMCapital Business

NHIF left Sh10bn debt crippling hospitals, Duale tells MPs

NHIF left Sh10bn debt crippling hospitals, Duale tells MPs

Health Cabinet Secretary Aden Duale informed MPs that the National Health Insurance Fund (NHIF) has left hospitals with Sh10 billion in debt, severely impacting their operations. He stated that the Cabinet plans to prioritize settling smaller claims, specifically Sh5.3 billion, which represents debts under Sh10 million per facility.

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Key Highlights

Health Cabinet Secretary Aden Duale informed MPs that the National Health Insurance Fund (NHIF) has left hospitals with Sh10 billion in debt, severely impacting their operations. He stated that the Cabinet plans to prioritize settling smaller claims, specifically Sh5.3 billion, which represents debts under Sh10 million per facility.

  • Kenya's NHIF faces a colossal Sh10 billion debt to hospitals, with Sh5.3 billion designated for immediate settlement.
  • Health Cabinet Secretary Aden Duale is spearheading efforts to clear these debts, stressing the critical financial distress faced by healthcare providers.
  • Approximately 15 doctors have been deployed to fast-track verification of these arrears within one month, aiming for payment release once the Supplementary Budget is approved by Parliament.
Wednesday 10:15 AMCapital BusinessFirst

UFAA warns firms over Sh5bn in unclaimed assets

UFAA warns firms over Sh5bn in unclaimed assets

The Unclaimed Financial Assets Authority (UFAA) has issued a stern warning to institutions regarding a looming October 31st deadline for remitting unclaimed funds, threatening hefty fines and audit fees for non-compliance. Chairman Njenga Kigo announced audits will commence in November to target companies, insurers, and universities withholding an estimated Sh5 billion in unremitted assets.

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Wednesday 11:13 AMCapital Business

MPs to Consider Landmark Standards Bill Aimed at Modernising Industrial Regulation

MPs to Consider Landmark Standards Bill Aimed at Modernising Industrial Regulation

Kenya's government has introduced the proposed Standards Bill, 2025 to the National Assembly’s Committee on Trade, Industry and Cooperatives, aiming to modernize the nation's quality and consumer protection laws. This landmark legislation would replace the five-decade-old Standards Act.

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Key Highlights

Kenya's government has introduced the proposed Standards Bill, 2025 to the National Assembly’s Committee on Trade, Industry and Cooperatives, aiming to modernize the nation's quality and consumer protection laws. This landmark legislation would replace the five-decade-old Standards Act.

  • The Bill expands the powers of the Kenya Bureau of Standards (KEBS), allowing it to seize non-compliant goods and halt unsafe production.
  • The initiative was presented by Trade PS Regina Ombam, National Standards Council Chair Dr. Chris Wamalwa, and KEBS Managing Director Esther Ngari to the Committee chaired by Marianne Kitany.
  • A new Standards Tribunal will be established to ensure fairness and bolster investor confidence.
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Key Highlights

The Unclaimed Financial Assets Authority (UFAA) has issued a stern warning to institutions regarding a looming October 31st deadline for remitting unclaimed funds, threatening hefty fines and audit fees for non-compliance. Chairman Njenga Kigo announced audits will commence in November to target companies, insurers, and universities withholding an estimated Sh5 billion in unremitted assets.

  • The UFAA recovers about Sh5 billion annually from unclaimed financial assets, with Sh1.9 billion already remitted to the Authority.
  • A September 2025 Auditor-General’s Performance Audit Report identified Sh5.08 billion in unclaimed assets and Sh2.23 billion in associated penalties.
  • The University of Nairobi, CIC Group PLC, and Equity Bank Ltd were among the top entities holding significant unclaimed amounts, with some institutions facing penalties exceeding the value of their unremitted assets.