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HomeDaily NewsFriday, March 13, 2026Budget Controller Clarifies Sh44.5mn Spending Was Mislabelled - March 2026
Business & Economy3 stories from 2 sources

Budget Controller Clarifies Sh44.5mn Spending Was Mislabelled - March 2026

The Controller of Budget has clarified that Sh44.5 million in spending was mislabelled in a report concerning the Office of the Spouse of the Deputy President. The Kenya Revenue Authority has appointed Mohamed Abdul M'maka as the new Commissioner for Investigations and Enforcement, effective March 11, to combat financial crimes and tax evasion. Separately, Kenyan Members of Parliament have directed the National Treasury to dissolve nine State corporations and merge 42 others within the next eight months, by the end of October 2026.

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Friday 9:36 AMCapital Business

Budget Controller says Sh44.5mn Second Lady spending was Mislabelled

Budget Controller says Sh44.5mn Second Lady spending was Mislabelled

The Controller of Budget has clarified that Sh44.5 million in spending was mislabelled in a report concerning the Office of the Spouse of the Deputy President.

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Key Highlights

The Controller of Budget has clarified that Sh44.5 million in spending was mislabelled in a report concerning the Office of the Spouse of the Deputy President.

  • The expenditure of Sh44.52 million was correctly under the "Government Strategic Priority Intervention" sub-programme, not the "OSDP Affirmative Action Intervention" as initially reported due to a transposition error.
  • This clarification comes from the Office of the Controller of Budget (OCoB), led by Controller of Budget Margaret Nyakang’o.
  • The error was compounded by reporting inconsistencies in the Deputy President’s budget performance submissions for the period of July 1 to December 31, 2025.
Thursday 8:45 PMCapital Business

KRA picks new head to combat financial crimes, tax evasion

KRA picks new head to combat financial crimes, tax evasion

The Kenya Revenue Authority (KRA) has appointed Mohamed Abdul M’maka as the new Commissioner for Investigations and Enforcement, effective March 11, to combat financial crimes and tax evasion.

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Key Highlights

The Kenya Revenue Authority (KRA) has appointed Mohamed Abdul M’maka as the new Commissioner for Investigations and Enforcement, effective March 11, to combat financial crimes and tax evasion.

  • The appointment aims to bolster the fight against tax evasion, financial crimes, and illegal trade.
  • Key parties involved are the Kenya Revenue Authority (KRA) and the newly appointed Commissioner, Mohamed Abdul M’maka.
  • M’maka brings over 21 years of experience in intelligence, security, and investigations, including previous roles at the Ethics and Anti-Corruption Commission and the Kenya Defence Forces.
Thursday 7:33 PMNation BusinessFirst

MPs direct Treasury to dissolve nine parastatals and merge 42

MPs direct Treasury to dissolve nine parastatals and merge 42

Kenyan Members of Parliament (MPs) have directed the National Treasury to dissolve nine State corporations and merge 42 others within the next eight months, by the end of October 2026.

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Key Highlights

Kenyan Members of Parliament (MPs) have directed the National Treasury to dissolve nine State corporations and merge 42 others within the next eight months, by the end of October 2026.

  • The directive urges the Cabinet Secretary for the National Treasury and Economic Planning, John Mbadi, to expedite the process as approved by the Cabinet on January 22, 2025.
  • The affected parastatals include entities like the Kenya Tsetse Fly and Trypanosomiasis Eradication Council and the Kenya Film Classification Board.
  • This move is part of fiscal consolidation efforts aimed at eliminating inefficiencies and reducing the financial strain on the national budget, underpinned by the recently assented to Government-Owned Enterprises Act, 2026.
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