Prof Fred Ogolla condemned government borrowing for consumption and prestige projects, which increase debt servicing costs and leave less funding for...
MPs sought to understand how GAA ensures that the information reaches the target audience across the country, even as the agency claimed it had saved...
The IMF provides the financing on an unsecured basis. It tries to ensure that it will be repaid by making the financing subject to policy conditions,...
In August, Thugge announced that Nairobi wants its next arrangement with the IMF to be a funded programme, which would provide direct financial resour...
TSA will enable daily, real-time monitoring of all government funds, reduce account fragmentation, and close gaps that previously allowed the misuse o...
While most counties struggle, Nairobi has managed to reduce its pending bills by Sh36.78 billion, bringing the total to Sh86.77 billion. Mombasa’s unp...
The report also flags political instability and limited resources as barriers to effective policy implementation. These factors often undermine even w...
Despite efforts to hire more qualified staff, public institutions still face a shortage of PhD holders, an ageing pool of professors, and high depende...
The arrangement will allow Kenya to channel resources into agricultural projects, irrigation, food storage infrastructure, and nutrition programmes, h...
The survival plans, anchored on numbers and increased government support, are designed to ensure universities continue to operate effectively despite...
The Auditor General warned that the Sh3 billion in unexplained expenditures reflects systemic governance weaknesses, pointing to a broader culture of...
The Sh632.3 billion expenditure on interest payments between July 2024 and June 2025 eclipsed the Sh545.8 billion allocated to all development project...
Nyoro said the rapid borrowing, three times what was borrowed during President Mwai Kibaki’s entire 10-year tenure, risks destabilising the economy an...
The latest national budget review report by the Office of the Controller of Budget reveals that as of June 30, 2025, Kenya’s total public debt stood a...
This reliance has forced the National Treasury to roll over obligations repeatedly, creating a cycle where new borrowing is primarily used to pay off...
An audit covering the financial year ending June 30, 2024, has revealed that most institutions are operating far beyond legal salary limits, exposing...
Net domestic borrowing closed the fiscal year 2024/25 at Sh854.5 billion, 3.24 times the initial target of Sh263.2 billion, as the State tapped local...
Among the worst financial mistakes highlighted was a disputed maize procurement contract that ended in arbitration, resulting in huge losses, with sev...
Investments, Trade and Industry Cabinet Secretary Lee Kinyanjui said Kenya faces a gap of nearly 400,000 metric tonnes of sugar, a deficit that has le...
According to the airline’s financial disclosures, the drop was driven by a 14 per cent decline in passenger numbers and reduced capacity, which cut in...
Authority, and Lake Victoria North Water Works Development Agency each defaulted three times on loans of Sh2.79 billion, Sh2.5 billion, and Sh4.4 bill...
Governor Anyang’ Nyong’o said the layoffs affecting over 5,000 sugar workers contradict the purpose of leasing the mills, which was to revive the sect...
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