GoK is now awash with MONEY

[RV Pundit]

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NSSF seem to have kitu 250B sitting idly.
Housing Fund has kitu 100B sitting idly
SHIF is going to be kitu 150B busy financing hospital.
Chirchir has unlocked 175B from securitizing

Yaani without even talking taxes

GOK has now 1 trillion almost in free money!

[Kadudu]

Maybe that is money only for Kales. Otherwise I hardly know a person that is not complaining about lack of business in Kenya today.

NSSF seem to have kitu 250B sitting idly.
Housing Fund has kitu 100B sitting idly
SHIF is going to be kitu 150B busy financing hospital.
Chirchir has unlocked 175B from securitizing

Yaani without even talking taxes

GOK has now 1 trillion almost in free money!

[RV Pundit]

Money is sitting on the banks - it need to be released

Maybe that is money only for Kales. Otherwise I hardly know a person that is not complaining about lack of business in Kenya today.

[Kadudu]

Eng. Oscar Sudi EGH told you so?

Money is sitting on the banks - it need to be released

[gout]

These are wage bill management tactics. Counties and government agencies never remit these deductions due to Treasury cash crunch.


September 2024

Treasury Cabinet Secretary John Mbadi is setting up a team to verify claims that an estimated Sh90.3 billion pension savings for county staff had not been remitted to manager schemes.

The Retirement Benefits Authority (RBA), the industry regulator, said the accumulated funds had been deducted from the workers' payslips in the devolved units as of March 2024, but had not been remitted to the pension trusts.

https://www.businessdailyafrica.com/bd/economy/mbadi-taskforce-to-verify-unremitted-county-pension-cash-4767000

State corporations, government owned enterprises and semi-autonomous agencies' unremitted deductions to the NSSF and NHIF more than tripled to Sh716 million in the fiscal year ended June from Sh215 million a year earlier.

https://www.businessdailyafrica.com/bd/economy/defaults-to-nssf-nhif-by-state-firms-triple-to-sh716m-4756448

[KenyanPlato]

https://x.com/SokoAnalyst/status/1933041450876387716?t=O0M6KNOvYgPvEkqluBZmkA&s=19

[RV Pundit]

NSF had 320B collected in 6 decades.
In 2yrs it has collectd 280B - more than 6 decade.
By 2027 - it will be 1 trillion.

NSSF will be able to fund big things.