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Opinion

Quality accounting and auditing supports economic growth, says World Bank official

By Patricia Mc Kenzie

This grant to strengthen the Institute of Certified Public accountants of Kenya (ICPAK) is part of our commitment to supporting the accountancy profession in both public and private sector. Nairobi County government looses billions of shillings in revenue due to weak financial systemsNairobi County government looses billions of shillings in revenue due to weak financial systems

I cannot emphasize enough the importance of high quality accounting and auditing in ensuring financial transparency and accountability with attendant effect on improving governance and supporting economic growth and poverty alleviation.

Increasing wage bill a threat to economic growth, warns World Bank

By Diarietou Gaye

As you are aware, Kenya’s development agenda is anchored around Vision 2030, the Constitution and the Medium Term Plan II, which the Government launched in October 2013. Demand by civil servants for higher pay a threat to economic growthDemand by civil servants for higher pay a threat to economic growth

We want to reiterate our support to the Government’s development goals. Kenyans have high expectations that after half a century of independence, they are ready to move to the next level of growth and prosperity.

Financial sector to increase savings for investment from 14 per cent to 30 per cent

 

By Prof Njuguna Ndung’u

 

The government recognizes the vital role the financial system plays in the economy.Financial services is among Vision 2030 pillarsFinancial services is among Vision 2030 pillars

In this regard Kenya’s development blue print, Vision 2030, covering the period 2008 - 2030, envisages the financial services sector being transformed into a vibrant and globally competitive sector that will drive high levels of savings to finance the country’s investment needs.

Devolution can provide better services and improve accountability, says IMF official

 

By Antoinette Sayeh,

Your country has made major strides and is an example of the continent’s market-driven economic dynamism. All governors (pictured) must make devolution workAll governors (pictured) must make devolution work

This has not happened by chance. Rather, it reflects efforts to anchor economic stability through sound fiscal and monetary policies and market-oriented structural reforms.

Kenya is ready for economic take-off, says President Kenyatta

By Uhuru Kenyatta

The Jubilee Coalition's manifesto packages the national transformation agenda into three principal pillars - Umoja (Unity), Uchumi (the Economy) and Uwazi (openness).President Uhuru Kenyatta must ensure sustained high economic growthPresident Uhuru Kenyatta must ensure sustained high economic growth

Our starting point is the recognition that Kenya has a strong economy, which is modern in many aspects, but with even greater potential for expansion.

National Treasury set to complete tax reforms that started with VAT Act

By Henry Rotich

Arising from the implementation of broad based reforms, our economic growth rate has recovered steadily from as low as 1.6 per cent in 2008 to 4.6 per cent in 2012.Tax reforms started with VAT that has sparked controversyTax reforms started with VAT that has sparked controversy

This year we expect real GDP growth of around 5.6 per cent rising to 7 per cent in the medium term and double digits by the end of the second Medium Term Plan in 2018.

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