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Treasury budgets to spend Sh7.6bn on IFMIS upgrade

Treasury secretary Henry Rotich. PHOTO | JEFF ANGOTE | NATION MEDIA GROUP

The government’s controversial digital payment platform, the Integrated Financial Management Information System (IFMIS), is set for a Sh7.6 billion upgrade in the next couple of years, according to budget documents tabled in Parliament.

A huge chunk of the money will go towards annual renewal of Oracle licences and provision of IFMIS application and hardware support. Oracle is the service provider for IFMIS.

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Note: The results are not exact but very close to the actual.

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