The order was issued by Justice Lawrence Mungambi following a suit by Mangare Gikenyi against the task force and the attorney general.
She highlighted that universities have weaknesses in cash and imprest management, messy payrolls, weak controls on stores, and fee policies.
Ideally, the government opts for borrowing, both externally and internally, to cater to the fiscal gap in every financial year.
The taskforce was gazetted on Friday a few minutes after President William Ruto announced new austerity measures following widespread rage over the wastage of public funds
The lawyer's lobby declined the appointment noting that auditing public debt is a role designated by the constitution to the office of Auditor General Nancy Gathungu.
"Despite all this, as a nation, we are finally having the right conversation, not about our tribes, personalities, or political formations, but rather issues that affect each and every one of us," Ruto stated.
After 90 days, the task force will have served its purpose and report directly to the President.
The ICPC has asked the IMF, the World Bank, and other international lenders to immediately stop assisting Kenya pending an audit of the current state of debt.
The Saudi Finance Minister highlighted the Kingdom's efforts to boost non-oil revenues and diversify its economy as part of Saudi Vision 2030 through labour market reforms.
In 2022, 10 African countries, including Kenya, Tanzania, Uganda, and the DRC, accounted for nearly half of the continent's ODA. This significant influx of funds, though crucial, highlights a concerning dependence on external financial support.
The World Bank attributes the downgrade to the continued struggle with weak government balance sheets, partly from low revenue collection and high debt-service costs.
In 2012, concessional loans sent to Africa stood at 28 per cent, an indication that donors are increasingly resorting to lending instead of donating.
To address this, the Committee says financing of the gap will predominantly shift towards foreign borrowing.
President William Ruto noted that the sugar industry is a highly strategic sub-sector whose value chains have been the mainstay of the local economies of Kenya's sugar belt, and a generator of much-needed jobs.
The funding package aims to also create a more competitive labour market and strengthen the country's efforts to combat the impact of climate change, the bank said.
The lawmaker shared his views via social media platform X, amid criticism from various parties, including Northern Frontier leaders, who deem the formula discriminatory.
The sharp rise in the cost of loans is attributed to the shift from concessional financing to more expensive and short-term commercial debt.
Museveni accused the bank of emphasising profit-driven agendas and prioritising loans for seminars at the expense of Africa's development.
In the draft "Nairobi IDA Communique" to be deliberated upon, African leaders will outline urgent priorities for IDA's upcoming three-year funding cycle.
