Treasury Cabinet Secretary John Mbadi says the strategy is intended to ensure Kenya has predictable financing arrangements in place before disasters strike.
Kenya lost Sh187.8bn to floods in six months; government shifts from emergency relief to pre-arranged insurance mechanisms. Climate disasters are now fiscal shocks destabilizing public finances; organizations must integrate climate risk into budgets and pre-arrange contingent financing.
By
Constant Munda
Correspondent
Nation Media Group
Kenya lost an estimated Sh187.8 billion due to floods in just six months in 2023 and 2024, exposing the mounting financial burden of climate disasters that has prompted the government to overhaul financing of its emergency operations.
Treasury CS John Mbadi will this afternoon step up to deliver a budget statement amid a storm of economic shocks threatening to…
Treasury CS John Mbadi will this afternoon step up to deliver a budget statement amid a storm of economic shocks threatening to…
Kenya was placed on the FATF grey list on February 23, 2024, after the global watchdog flagged weaknesses in the country’s…
National Treasury Cabinet Secretary John Mbadi says altering the upcoming 2026-27 spending plan would leave critical public…
Treasury has cut funding for Kenya’s energy and petroleum sectors despite heavy spending on fuel subsidies and rising power…
CBK Governor Thugge reveals the global lender is yet to disburse a Sh96.9 billion loan under its development policy operation.
