financial mismanagement Stories

Nyakang’o flags rising mismanagement as counties divert Sh13.2bn in unapproved payments
Maureen Kinyanjui  |  Apr 23, 2025

According to Nyakang’o, some counties are paying bills that have not been approved, resulting in a delay in settling the legitimate pending bills that...

Kenya’s public universities drowning in debt as crisis worsens
Maureen Kinyanjui  |  Apr 18, 2025

Among the biggest debtors are Kenyatta University, which owes Sh12.38 billion, the University of Nairobi with Sh12.22 billion, and Jomo Kenyatta Unive...

Senate rejects proposal to ban county governments from hiring external law firms
Maureen Kinyanjui  |  Apr 18, 2025

The report also highlights that county governments are under increased scrutiny over questionable spending on legal fees.

Audit unveils over Sh1.4 billion mismanaged at Women Enterprise Fund
Maureen Kinyanjui  |  Apr 10, 2025

Given the mounting losses, lack of accountability, and failure to comply with government directives, the Women Enterprise Fund’s future remains uncert...

Budget office accuses government of shifting financial burden onto households
Maureen Kinyanjui  |  Apr 08, 2025

One of the first policy changes under President Ruto's leadership was a dramatic increase in National Social Security Fund deductions, which jumped by...

Showdown looms as senators demand more funds for counties, National Assembly disagrees
Lucy Mumbi  |  Apr 04, 2025

As both Houses stand firm in their positions, it remains to be seen whether the conflict will be resolved before the 2025/2026 financial year, with th...

Dealers in precious metals given until April 11 to register with Financial Reporting Centre
Lucy Mumbi  |  Apr 04, 2025

Kenya was placed on the Financial Action Task Force’s (FATF) grey list in February last year due to weaknesses in combating money laundering, terroris...

Moi university to lay off employees amid financial challenges
Lucy Mumbi  |  Apr 03, 2025

The decline in student numbers has led to reduced revenue, making it challenging for the institution to meet its financial obligations, including payi...

36 counties flagged for violating employment laws, mismanaging wage bills
Lucy Mumbi  |  Apr 02, 2025

Kisii County was found to have the highest wage bill, at a staggering 60 per cent, followed by Mombasa at 57 per cent with Laikipia, Elgeyo Marakwet,...

Gathungu flags discrepancies in spending of Sh28.7 billion for cash transfer programmes
Lucy Mumbi  |  Mar 31, 2025

The findings are expected to prompt a parliamentary probe into the mismanagement of funds and land meant for vulnerable groups.

State directs Saccos to cover losses from KUSCCO scandal
Eastleigh Voice Reporter  |  Feb 27, 2025

The audit revealed that Sh13.3 billion had been lost, leaving KUSCCO insolvent by Sh12.5 billion

Ruto appoints Habil Olaka new chairperson of Hustler Fund advisory board
Maureen Kinyanjui  |  Feb 22, 2025

The main aim of the Hustler Fund is to help those in the informal sector transition to the formal financial system, a crucial step for long-term econo...

Five KUSCCO officials charged with theft of Sh83 million released on bail
Maureen Kinyanjui  |  Feb 18, 2025

The five officials were arrested last Thursday in connection with a major financial scandal at KUSCCO, a key institution for savings and credit cooper...

Treasury flags county governments for misallocating budgets, neglecting development projects
Lucy Mumbi  |  Feb 17, 2025

Treasury data shows that Nairobi, Kisii, and Mombasa were among the worst performers, spending significantly less on development projects.

Financial stress deepens as 78 per cent of Kenyans earn less than before Covid-19 period - Report
Lucy Mumbi  |  Feb 13, 2025

Despite the economic challenges, the report states that many Kenyans remain hopeful, with 63 per cent expecting their financial situation to improve i...

Senators want county assembly clerks probed over misuse of public funds
Maureen Kinyanjui  |  Feb 04, 2025

The PAC is urging county assemblies to take corrective measures, ensure prudent financial management, and adhere to existing regulations to prevent fu...

Moi University Vice Chancellor sent on 8-month leave as part of sweeping leadership changes
Maureen Kinyanjui  |  Feb 01, 2025

The council has also sent two Deputy Vice Chancellors, Isaac Migeni and Henry Kiriamiti, on one-year leave as part of the sweeping leadership changes.

Treasury forms expert team to mobilise local capital for development, reduce reliance on loans
Maureen Kinyanjui  |  Jan 23, 2025

The committee's task includes identifying viable PPP projects, such as the expansion of the Jomo Kenyatta International Airport airfield.

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