The Kenyan government has initiated a new plan to reclaim unused funds held by public offices in commercial banks. This move is a precursor to the launch of the Treasury Single Account (TSA) system, developed by the National Treasury and the Central Bank of Kenya (CBK), aiming to consolidate government finances and reduce borrowing.

• The new system will allow CBK to view all government bank accounts, enabling recall of idle balances for pressing public needs.
• Director Jonah Wala of the National Treasury confirmed the system is being tested after banks were deemed insincere in a previous survey.
• Public bodies will no longer earn interest on these deposits, previously around 8.07 percent, and will be notified when funds are recalled for other uses.