@BusinessDaily

Treasury now seeks debt expert help - 6 months ago, 9 Aug 06:55

By: Brian Ngugi

The Treasury is recruiting a team of debt management experts in a move that signals rising concern over Kenya’s spiraling loans load that has exerted liquidity pressures on the economy.

Up to 20 experts are being hired in the recruitment drive intended to sharpen the government’s focus on management of costs and ability to raise and service new debt, the Treasury said in a notice inviting applications for the jobs.

“They will provide guidance in determining borrowing ceilings for national and county governments,” Treasury Principal Secretary Kamau Thugge says in the job descriptions seen by the Business Daily.

The experts will formulate debt management policies…and review proposals to inform the determination of the annual borrowing threshold, the PS says.

The officers will also be tasked with reviewing debt sustainability reporting formats, preparing proposals for debt restructuring as well as liaising with the Central Bank of Kenya (CBK) and other Treasury departments for “effective debt ...
Read More


Category: business markets news lifestyle opinion economy corporate

Suggested

1 hour ago
Lifeline for SMEs in training boost

Tier one lender Co-operative Bank has teamed up with International Finance Corporation to empower small businesses through networking and training programmes countrywide in a Sh15 billion ...

Category: topnews news business
4 hours ago, 20:57
Girls turn mangoes into sweet juice and wine

It is another season of the year when supply of mangoes is high leading to glut. From Makueni to Siaya, mangoes are going for a song as traders and farmers try to avoid losses. In Siaya County, ...

Category: business topnews news
5 hours ago, 20:45
Bt cotton is not the panacea to challenges facing our struggling textile industry

Last week’s article, “How Bt cotton can revive collapsed textile industry,” glossed over pertinent issues and erroneously glorified the crop’s credentials. Prior to propagating genetic engineering, a ...

Category: topnews news business
5 hours ago, 20:46
Not an early bird? You can still catch these red worms

The threadlike, red creatures wriggle inside a plastic container creating a beautiful, unending pattern that interests the eyes. James Wafula looks at the red worms keenly before blurting out, “They ...

Category: topnews news business
5 hours ago, 20:46
Are feeds your chickens eat safe?

Are the commercial feeds you give your chickens, dairy cows, pigs and even rabbits safe? This is the question many farmers are asking themselves following the revelations by a new study that 90 per ...

Category: topnews news business
5 hours ago, 20:46
Why fish imports from China don’t worry me

On the foot of the Aberdare Forest in Nyandarua County, David Ruhiu is carving a niche in fish farming in a region dominated by dairy cows. Soon after retirement some 10 years ago, Ruhiu went into ...

Category: topnews news business