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HomeDaily NewsWednesday, May 13, 2026Treasury Unveils Changes at State Firms as MPs Question Rental Costs - May 2026
Breaking News & Top Stories9 stories from 5 sources

Treasury Unveils Changes at State Firms as MPs Question Rental Costs - May 2026

The Kenyan Treasury has initiated a significant restructuring of its Government Owned Enterprises (GOEs) by announcing dozens of new board positions according to the GOEs Act, 2025. Members of Parliament have strongly criticized the government's continued spending on rented office spaces and renovations, particularly given budget cuts threatening digitization programs. Separately, the Senate ordered the National Treasury to immediately reverse a decision to freeze funding to Meru County, citing unconstitutional procedures and potential damage to devolution. The Division of Revenue Bill for the 2026/27 financial year is now headed for mediation between the Senate and the National Assembly after the Senate approved a new clause impacting county funding.

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KKenyansTThe Star (Youtube)FirstCCitizen TV (Youtube)NNTV Kenya (Youtube)CCapital News

News Coverage

Wednesday 11:18 AMKenyans

Treasury Unveils Changes at State Firms as New Govt Jobs Open Up

Treasury Unveils Changes at State Firms as New Govt Jobs Open Up

The Kenyan Treasury has initiated a significant restructuring of its Government Owned Enterprises (GOEs) by announcing dozens of new board positions according to the GOEs Act, 2025.

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Key Highlights

The Kenyan Treasury has initiated a significant restructuring of its Government Owned Enterprises (GOEs) by announcing dozens of new board positions according to the GOEs Act, 2025.

  • The restructuring impacts major parastatals including Kenya Railways, KPC, and KAA, seeking independent directors with at least 10 years of professional experience.
  • Key organizations involved include the Treasury, and several strategic public entities like Kenya Power, KenGen, and KPA.
  • Applications for these renewable three-year terms are open until May 26, 2026, with successful candidates undergoing rigorous integrity checks.
Tuesday 6:49 PMThe Star (Youtube)First

Enduring partnerships must not be built on dependence but on sovereign equality - President Ruto

President William Ruto stated that true partnerships should be founded on sovereign equality, not dependence, during the Africa Forward Summit in Nairobi on Tuesday.

Key Highlights

President William Ruto stated that true partnerships should be founded on sovereign equality, not dependence, during the Africa Forward Summit in Nairobi on Tuesday.

  • Enduring partnerships must be built on sovereign equality, not dependence.
  • The statement was made by President William Ruto.
  • The event was the Africa Forward Summit held at the KICC in Nairobi.
Tuesday 7:18 PMCitizen TV (Youtube)

Viongozi wa dunia kutoa tamko la pamoja baada ya Kongamano la Africa Forward Nairobi

Viongozi wa dunia kutoa tamko la pamoja baada ya Kongamano la Africa Forward Nairobi

Viongozi wa dunia kutoa tamko la pamoja baada ya Kongamano la Africa Forward Nairobi

Leaders from various nations are expected to issue a joint statement this evening outlining their resolutions following the conclusion of the Africa Forward conference in Nairobi. Kenya and France co-hosted the significant forum.

Key Highlights

Leaders from various nations are expected to issue a joint statement this evening outlining their resolutions following the conclusion of the Africa Forward conference in Nairobi. Kenya and France co-hosted the significant forum.

  • The primary outcome is a joint declaration by world leaders.
  • Key figures include President William Ruto of Kenya and the President of France.
  • The conference focused on resolutions and outcomes stemming from discussions held in Nairobi.
Tuesday 7:47 PMNTV Kenya (Youtube)

Seikali ya Kenya na Ufaransa zashirikiana kukabiliana na dhuluma za kijinsia

Seikali ya Kenya na Ufaransa zashirikiana kukabiliana na dhuluma za kijinsia

Seikali ya Kenya na Ufaransa zashirikiana kukabiliana na dhuluma za kijinsia

The governments of Kenya and France are collaborating to combat gender-based violence (GBV).

Key Highlights

The governments of Kenya and France are collaborating to combat gender-based violence (GBV).

  • This partnership aims to tackle the pervasive issue of GBV in Kenya.
  • Key players include the Kenyan government and the government of France.
  • The initiative underscores a shared commitment to protecting vulnerable populations from violence.
Tuesday 9:40 PMCapital News

Senate’s New County Funding Clause Pushes Division of Revenue Bill to Mediation

Senate’s New County Funding Clause Pushes Division of Revenue Bill to Mediation

The Division of Revenue Bill for the 2026/27 financial year is headed for mediation between the Senate and the National Assembly after the Senate approved a new clause impacting county funding.

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Key Highlights

The Division of Revenue Bill for the 2026/27 financial year is headed for mediation between the Senate and the National Assembly after the Senate approved a new clause impacting county funding.

  • The Senate passed a proposal for the national government to fully absorb any revenue shortfalls, protecting county allocations at Ksh454.74 billion.
  • The Senate Finance and Budget Committee sponsored the amendment.
  • This clause shifts the burden of potential revenue deficits to the national government.
Wednesday 1:44 AMCapital News

Senate orders Treasury to Restore Meru County Allocations Amid Debt Row with French investor

Senate orders Treasury to Restore Meru County Allocations Amid Debt Row with French investor

The Kenyan Senate has ordered the National Treasury to immediately reverse a decision to freeze funding to Meru County, citing unconstitutional procedures and potential damage to devolution.

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Key Highlights

The Kenyan Senate has ordered the National Treasury to immediately reverse a decision to freeze funding to Meru County, citing unconstitutional procedures and potential damage to devolution.

  • The freeze was reportedly related to an unpaid arbitral award of approximately Sh442.9 million to a French investor.
  • Key figures involved include Senate Finance and Budget Committee Chairperson Ali Roba, Mombasa Senator Mohammed Faki, and Treasury Cabinet Secretary John Mbadi.
  • The dispute stems from a 2019 High Court award of Sh339 million to Michel Dechauffour, which has significantly increased due to interest.
Wednesday 10:06 AMCitizen TV (Youtube)

President Ruto had to be crazy to co-chair and co-organize a summit like this - President Macron

President Ruto had to be crazy to co-chair and co-organize a summit like this - President Macron

President Ruto had to be crazy to co-chair and co-organize a summit like this - President Macron

French President Emmanuel Macron humorously described Kenyan President William Ruto as "crazy" for accepting to co-chair and co-organize a significant summit.

Key Highlights

French President Emmanuel Macron humorously described Kenyan President William Ruto as "crazy" for accepting to co-chair and co-organize a significant summit.

  • The statement was made by President Macron, highlighting President Ruto's commitment.
  • Key individuals involved are President Macron and President William Ruto.
  • The event signifies a substantial collaborative effort and undertaking on the part of both leaders, suggesting the summit's importance and complexity.
Wednesday 10:56 AMThe Star (Youtube)

President William Ruto calls for shift from aid to investment at Africa Forward Summit 2026

President William Ruto calls for shift from aid to investment at Africa Forward Summit 2026

President William Ruto calls for shift from aid to investment at Africa Forward Summit 2026

At the Africa Forward Summit 2026, Kenya's President William Ruto has called for a fundamental shift in Africa's economic approach, advocating for a move away from aid dependency.

Key Highlights

At the Africa Forward Summit 2026, Kenya's President William Ruto has called for a fundamental shift in Africa's economic approach, advocating for a move away from aid dependency.

  • The President stressed the need to transition from aid and unsustainable borrowing towards investment, innovation, and strategic partnerships.
  • Key figure: President William Ruto of Kenya.
  • The President asserted that Africa is not a contributor to global problems but rather a crucial part of the solution.
Wednesday 11:19 AMCapital News

MPs Push for State-Owned Offices to Cut Soaring Rental Costs

MPs Push for State-Owned Offices to Cut Soaring Rental Costs

Members of Parliament have strongly criticized the Kenyan government's continued spending on rented office spaces and renovations, particularly given budget cuts threatening digitization programs.

Read Story

Key Highlights

Members of Parliament have strongly criticized the Kenyan government's continued spending on rented office spaces and renovations, particularly given budget cuts threatening digitization programs.

  • Lawmakers questioned the logic of refurbishing rented offices while paying millions in annual lease charges.
  • The State Department for Parliamentary Affairs faces a significant 54% drop in its ICT budget.
  • Principal Secretary Aurelia Rono acknowledged the need for government-owned infrastructure to save resources.
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