C
Originally published by Capital Business
📰 Read Full Article
business
March 16, 2026
1mo ago

Lobby proposes replacing Treasury with National Economic Council

Lobby proposes replacing Treasury with National Economic Council

At the centre of the proposal is the creation of a National Economic Council (NEC) to take over key roles currently performed by the Treasury, including economic policy coordination and national development planning. Kenya breaking news | Kenya news today |..

✨ Key Highlights

A Kenyan reform lobby group, Kuna Dawa, is proposing a constitutional amendment to replace the National Treasury with a new National Economic Council (NEC) to streamline national development and public finances.

  • The NEC, chaired by the President, would oversee economic policy and development planning.
  • The proposal includes restructuring the National Development Budget, allocating 20% to national projects and 80% to regional development through County Economic Blocks.
  • Kuna Dawa plans to collect at least one million signatures to initiate the popular initiative process.

Continue Reading

Read the complete article from Capital Business

📰 Read Full Article

Part of the Day's Coverage

KRA Names Ex-Military Chief to Head Intelligence Operations - March 2026

The Kenya Revenue Authority (KRA) has appointed Mohamed Abdul M'maka, a former military intelligence chief, as the new Commissioner for Investigations and Enforcement. This appointment is aimed at bolstering the KRA's capacity to combat tax evasion and revenue leakages. Separately, Kenyan companies are witnessing a surge of interest from Tanzanian billionaires, with significant acquisitions in recent months highlighting growing investment flow from Tanzania into Kenya's key economic sectors. Meanwhile, Kenya's Real Estate Investment Trusts (REITs) market capitalization has surged dramatically, nearly tripling to Sh24.6 billion in the past five years, signaling robust investor interest in accessible real estate investment opportunities. A Kenyan reform lobby group, Kuna Dawa, is proposing a constitutional amendment to replace the National Treasury with a new National Economic Council to streamline national development and public finances.

4 stories in this topic
View Full Coverage
Advertisement
Advertisement