financial mismanagement Stories
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...
Among the biggest debtors are Kenyatta University, which owes Sh12.38 billion, the University of Nairobi with Sh12.22 billion, and Jomo Kenyatta Unive...
The report also highlights that county governments are under increased scrutiny over questionable spending on legal fees.
Given the mounting losses, lack of accountability, and failure to comply with government directives, the Women Enterprise Fund’s future remains uncert...
One of the first policy changes under President Ruto's leadership was a dramatic increase in National Social Security Fund deductions, which jumped by...
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...
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...
The decline in student numbers has led to reduced revenue, making it challenging for the institution to meet its financial obligations, including payi...
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,...
The findings are expected to prompt a parliamentary probe into the mismanagement of funds and land meant for vulnerable groups.
The audit revealed that Sh13.3 billion had been lost, leaving KUSCCO insolvent by Sh12.5 billion
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...
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 data shows that Nairobi, Kisii, and Mombasa were among the worst performers, spending significantly less on development projects.
Despite the economic challenges, the report states that many Kenyans remain hopeful, with 63 per cent expecting their financial situation to improve i...
The PAC is urging county assemblies to take corrective measures, ensure prudent financial management, and adhere to existing regulations to prevent fu...
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.
The committee's task includes identifying viable PPP projects, such as the expansion of the Jomo Kenyatta International Airport airfield.
