Kenya's Diplomatic Missions Hit by Funds Delay, Poor Buildings
Kenya’s image abroad is at risk following delayed disbursements of funds, poorly maintained diplomatic mission buildings and lack of security guards, the Auditor-General says in the 2023/24 audit report. “In [...]
Treasury Fails to Release KSh 46.5bn Intended for Marginalised Communities
The Auditor General has indicated that the National Treasury has withheld KSh 46.5 billion earmarked for the country’s most marginalised communities over the last 14 years. In 2023, Parliament approved [...]Economic Costs of Servicing Debt are Threatening Development- UNDP
Development in the world’s poorest countries is projected to further lag behind as the cost of servicing debt has risen, the United Nations Development Programme (UNDP) says in a new [...]Auditor-General to Probe eCitizen's Loopholes in Special Audit
The Office of the Auditor General has launched a special audit on the eCitizen platform to establish the accuracy of data processed through the system, and the lack of valid [...]Hustler Fund Repayment Crisis as Defaults Hit 64%
The Hustler Fund, which is a government-backed lending program aimed at empowering small businesses and individuals, is facing a major repayment crisis as 64% of the Fund’s total loan portfolio—equivalent [...]Parliament Mulls Corporation to Oversee Kenya's Gold Resources
Parliament is considering a bill that seeks to streamline gold business in Kenya, and includes a proposal to establish gold processing corporation to oversee the industry. Sponsor of the Bill, [...]Kenya Launches US$900 million Eurobond Buyback
Kenya has launched a buyback offer for its US$900 million Eurobond due in May 2027, as revealed in a regulatory filing on Monday. “The Republic is making the Offer, in [...]Kenya's Budget for Big 5 Sectors to Grow by KSh 405Bn in 2028
The budgets for the Health, Education, Security, Agriculture Rural and Urban Development, and the Energy Infrastructure and ICT sectors are to cumulatively increase by KSh 405 billion in the next [...]Treasury Faulted for Kenya Airways KSh 55bn Bailout without Clear Recovery Plan
The National Treasury’s multi-billion-shilling bailout of Kenya Airways (KQ) is under fire after the Auditor-General’s 2023/2024 report revealed that the government extended over Ksh 55.3 billion to the national carrier [...]Nairobi County Loses Billions as Stalled Projects, Ghost Workers Proliferate
A damning audit by the Auditor-General has uncovered widespread financial mismanagement within the Nairobi City County, revealing billions of shillings unaccounted for, stalled multi-million shilling projects, and thousands of irregularly [...]National Government Surpasses Recurrent Budget by KSh 193Bn
The National government exceeded its target for the recurrent budget of Ksh1.29 trillion in the financial year 2024/25 by Ksh193 billion after spending Ksh1.5 trillion by December last year. “The [...]Bill Seeks to Regulate Boda Bodas With Formal Contracts, Security Trackers
The National Assembly has received a bill seeking to regulate the country’s vast and largely informal boda boda sector, a move aimed at improving road safety. Among other provisions, the [...]
