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HomeDaily NewsTuesday, September 8, 2026Controller of Budget Margaret Nyakang'o Blocks Sh72bn Treasury Spending - September 2026
Business & Economy3 stories from 2 sources

Controller of Budget Margaret Nyakang'o Blocks Sh72bn Treasury Spending - September 2026

Controller of Budget Margaret Nyakang'o has significantly curbed National Treasury spending plans, blocking a record Sh72 billion in the financial year ending June 2026. This action prevents Cabinet Secretary John Mbadi from authorizing withdrawals that bypass parliamentary approval. In a separate legal development, the High Court issued a temporary injunction halting the liquidation of the Kenya Union of Savings and Credit Co-operative Union Limited (KUSCCO), following a challenge filed by RUPSA NWDT Sacco Society Limited. Meanwhile, the East Africa Law Society urged the Kenyan government to ensure its crackdown on unlicensed foreign traders adheres strictly to Kenyan and East African Community laws.

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Tuesday 12:50 PMNation Business

How Nyakang'o's red pen blocked Mbadi's Sh72bn spending plans

How Nyakang'o's red pen blocked Mbadi's Sh72bn spending plans

Controller of Budget Margaret Nyakang'o has significantly curbed National Treasury spending plans, blocking a record Sh72 billion in the financial year ending June 2026. This action prevents Cabinet Secretary John Mbadi from authorizing withdrawals that bypass parliamentary approval.

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Key Highlights

Controller of Budget Margaret Nyakang'o has significantly curbed National Treasury spending plans, blocking a record Sh72 billion in the financial year ending June 2026. This action prevents Cabinet Secretary John Mbadi from authorizing withdrawals that bypass parliamentary approval.

  • Sh72 billion in withdrawals were rejected, the highest in the last five fiscal cycles.
  • Controller of Budget Margaret Nyakang'o is acting as a fiscal disciplinarian, questioning the use of Article 223 of the Constitution for routine expenses.
  • The Presidency, including State House, saw Sh7.8 billion of its requested withdrawals rejected.
Tuesday 12:30 PMCapital BusinessFirst

EALS: Crackdown on illegal foreign traders must follow the law

EALS: Crackdown on illegal foreign traders must follow the law

The East Africa Law Society (EALS) is urging the Kenyan government to ensure its crackdown on unlicensed foreign traders adheres strictly to Kenyan and East African Community (EAC) laws.

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Key Highlights

The East Africa Law Society (EALS) is urging the Kenyan government to ensure its crackdown on unlicensed foreign traders adheres strictly to Kenyan and East African Community (EAC) laws.

  • Enforcement should target individual conduct and legal breaches, not nationality, respecting the EAC Common Market Protocol.
  • The EALS emphasizes that actions against foreign nationals must follow due legal processes and respect constitutional rights like equality and freedom of movement.
  • This call follows a directive from President William Ruto and subsequent concerns among foreign traders, prompting an apology from the Foreign Affairs Principal Secretary for any harassment.
Tuesday 2:26 PMCapital Business

High Court stops KUSCCO liquidation amid opposition

High Court stops KUSCCO liquidation amid opposition

The High Court has issued a temporary injunction halting the liquidation of the Kenya Union of Savings and Credit Co-operative Union Limited (KUSCCO). This decision follows a challenge filed by RUPSA NWDT Sacco Society Limited.

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Key Highlights

The High Court has issued a temporary injunction halting the liquidation of the Kenya Union of Savings and Credit Co-operative Union Limited (KUSCCO). This decision follows a challenge filed by RUPSA NWDT Sacco Society Limited.

  • The court ruled that the appointed liquidators cannot use the same Gazette Notice that appointed them to exercise their powers.
  • The case was brought after KUSCCO collapsed, causing significant financial losses for member SACCOs, including RUPSA NWDT Sacco Society Limited which lost Sh108.8 million.
  • A PwC forensic investigation two years ago revealed a financial shortfall of between Sh12 billion and Sh13.3 billion at KUSCCO, linked to mismanagement and alleged ghost loans.
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