Kenya Minute.
Friday, 8 May 2026
Kenya’s news, on the hour · Est. 2026
Friday, 8 May 2026
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John Mbadi

Also known as: Treasury Cabinet Secretary · Mbadi · National Treasury CS John Mbadi · Treasury Cabinet Secretary John Mbadi · Treasury CS John Mbadi · National Treasury Cabinet Secretary · Cabinet Secretary for the National Treasury and Economic Planning · Mr John Mbadi · National Treasury Cabinet Secretary John Mbadi

National Treasury Cabinet Secretary who directed removal of Purity Ngirici from Kenya Seed Company board and sought Senate approval on Meru County funding.

The National Treasury has committed to unfreezing Meru County Government funds and settling Ksh139 million owed to a French investor linked to Leopard Rock Hotel Limited, following Cabinet Secretary John Mbadi's representation to the Senate Finance and Budget Committee. Mbadi also directed the removal of Purity Ngirici from the Kenya Seed Company board and presented a record Ksh4.82 trillion budget proposal for the 2026/27 financial year.

2026-04-242026-05-09

Thursday 7 May

  1. Treasury to unfreeze Meru funds after settling hotel debt

    The National Treasury has committed to lifting a freeze on Meru County Government funds and settling Ksh139 million owed to a French investor linked to Leopard Rock Hotel Limited, Cabinet Secretary John Mbadi told the Senate Finance and Budget Committee.

    8 May 2026 · Capital News

  2. Africa's growing RMB use driven by financial pragmatism

    An opinion piece argues that African countries' adoption of China's renminbi is rooted in cost management and efficiency rather than geopolitics. Kenya's conversion of three dollar-denominated Chinese loans into RMB in October 2025 was intended to reduce interest costs, and similar moves in Zambia reflect commercial realities of the mining sector.

    8 May 2026 · Capital News

Tuesday 5 May

  1. Mwache Dam 83% complete but funding concerns persist

    The Sh25.5 billion Mwache dam project in Kwale County is 83 per cent complete, but a parliamentary committee has expressed concern that without funds for pipes and water treatment infrastructure, the project could become a white elephant. The contractor recently halted construction due to delayed payment.

    6 May 2026 · The Standard

Monday 4 May

  1. Ruto disputes Treasury's economic growth figures and policy critique

    Critics point to slow economic growth reported last Wednesday to argue that the Kenya Kwanza administration's aggressive tax policies are stifling productivity and dragging down the economy.

    5 May 2026 · The Standard

Sunday 3 May

  1. President Ruto's unfulfilled Meru debt pledge creates county funding crisis

    President William Ruto promised to help Meru County pay Sh640 million owed to a French investor, but the pledge has gone unfulfilled. Treasury Cabinet Secretary John Mbadi sought Senate approval to withhold 50 per cent of funds allocated to Meru County over the unpaid bill, though senators opposed the move.

    4 May 2026 · The Standard

Thursday 30 April

  1. Treasury proposes Ksh.4.82 trillion budget for 2026/27 financial year

    The National Treasury has presented a budget estimate of Ksh.4.82 trillion for the financial year beginning July 2026, the highest in Kenya's history. The Treasury plans to borrow over Ksh.1.1 trillion from the domestic market to meet expenditure demands, despite expecting economic growth to slow to 5.0 per cent from a projected 5.3 per cent.

    1 May 2026 · Citizen Digital

  2. Treasury directs removal of Ngirici from Kenya Seed board

    National Treasury Cabinet Secretary John Mbadi has directed the immediate removal of former Kirinyaga Woman Representative Purity Ngirici as chairperson and director of the Kenya Seed Company board, one day after she publicly severed ties with the ruling UDA party. The Treasury cited Articles of Association of the company but did not provide reasons for the decision.

    1 May 2026 · Capital News

  3. Purity Ngirici removed as Kenya Seed Company chair

    Purity Wangui Ngirici has been removed as Director and Chairperson of the Board of Kenya Seed Company Limited in a letter dated April 30, 2026, by National Treasury CS John Mbadi. The removal came a day after she publicly left the United Democratic Alliance.

    1 May 2026 · Citizen Digital

Wednesday 29 April

  1. Wanjigi demands freeze on Treasury's Sh150bn shadow account

    Businessman Jimi Wanjigi has called for a freeze on a Sh150.7 billion sovereign bond account that he alleges the National Treasury is hiding outside the Consolidated Fund. He claims that 84 out of 88 recurrent exchequer line items published in a Kenya Gazette notice contained errors, and argues the discrepancies point to systemic failures in public finance management rather than clerical mistakes.

    30 April 2026 · The Standard

Thursday 23 April

  1. ODM leader Oburu dismisses Orengo's challenge to his party leadership

    ODM party leader Dr. Oburu Oginga has rejected Siaya Governor James Orengo's claims that Oburu is unfit to lead and Orengo's declaration that he is the rightful party boss, insisting his election by ODM members is legitimate and binding. Oburu also criticized ODM Secretary General Edwin Sifuna for defying party structures, as factional tensions within the party escalate.

    24 April 2026 · Citizen Digital

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